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CEO Elon Musk recently wrapped up his visit to China, sparking speculation about the introduction of the full-self driving (FSD) system in the country.
Shenzhen-based robot maker UBTech raised HK$1 billion (US$130 million) from the final stock offering of the year in Hong Kong. Its founder and CEO Zhou Jian will become a billionaire based on its market valuation.
21.11.2023 - NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) - DDC Enterprise Ltd, (NYSEAM: DDC) (“DayDayCook” or the “Company”), a leading content-driven food consumer brand, today announced the closing of its initial public offering of 3,900,000 of its Class A ...
China's business tycoons are increasingly at risk as the government cracks down on powerful magnates who fail to align with the Communist Party's agenda. The latest case is that of Hui Ka Yan, founder of Evergrande, which is struggling with over $300 billion in liabilities. Hui has been placed under police surveillance and is being investigated over suspected illegal activities. This trend of disappearing business executives has become common in recent years, with high-profile figures such as Jack Ma and Ren Zhiqiang also vanishing.
Staff reporter A new round of reforms and upgrading for state-owned enterprises will start soon, according to the China Securities Journal. ...