German chemicals group Covestro benefits from recovery in China in Q22022-08-03
The revenues of Covestro, a German company which produces a variety of polyurethane and polycarbonate based raw materials, rose by 18.9 percent year-on-year to 4.7 billion euros (4.8 billion U.S. dollars) in the second quarter (Q2) of 2022, "in particular on the back of higher average selling prices," the company said on Tuesday.
Tencent to invest 10 billion yuan to support scientific research2022-08-03
Internet giant Tencent will invest 10 billion yuan ($1.48 billion) over the next decade to support select scientists in making original breakthroughs in basic research in two major scientific fields: mathematics and physical sciences, and biology and biomedical sciences.
Update sets Huawei OS on growth trend2022-07-29
Huawei Technologies Co's self-developed operating system HarmonyOS is expected to see wider application in China, as it made progress in optimizing the system's performance, but more efforts are needed to build a robust software ecosystem for it, experts said on Thursday.
Huawei joins e-CNY group2022-07-26
An industry organization has been established to promote the development of the digital renminbi industry in China, with technology heavyweights such as Huawei Technologies Co and banks such as Industrial Bank Co Ltd among its first batch of 37 members.
German chemical giant BASF advances mega project in China2022-07-21
German chemical giant BASF SE has greenlighted the construction of the planned Verbund site in the city of Zhanjiang in south China's Guangdong Province, according to the company.
BNP Paribas eyes fund custody operations in nation2022-07-21
BNP Paribas is seeking access to the securities investment fund custody business in China as the country continues to open its financial sector to foreign players.
CNPC shifting focus to new energy2022-07-21
China National Petroleum Corp, the country's largest oil and gas producer and supplier, has been optimizing its production structure in recent years to diversify its business to meet the country's growing demand for clean energy.
Siemens eyes Shanghai as major growth platform2022-07-05
As many companies with operations in Shanghai accelerate production to deliver orders around the world, German technology and industrial group Siemens said that it will continue its investment in the metropolis and keep introducing digital solutions to businesses in China's Yangtze River Delta region, said a top executive.
Facing delisting in US, Ping An associate chooses HK2022-07-05
OneConnect Financial Technology Co Ltd, a technology-as-a-service provider for financial institutions in China and an associate of Chinese financial conglomerate Ping An Insurance (Group) Co of China Ltd, announced on Monday it has successfully listed, by way of introduction, its ordinary shares on Hong Kong Exchanges and Clearing Ltd (HKEX).
Club Med to expand resort biz in China2022-07-05
Club Med, a global provider of vacations, expects to make China one of its largest markets in terms of tourist visits in the coming three years.
CRCC unit steps up on Fuzhou expressway project2022-07-05
With COVID-19 resurgences in some parts of the nation being put under better control, many State-owned builders are gathering speed on livelihood infrastructure projects to shore up economic momentum.
Sotheby's goes artfully digital amid COVID-19 era2022-06-22
Sotheby's, a New York-based auction house, said it believes in the long run that China will remain the core market in Asia, and it will invest more in digital promotions and events to further boost its brand awareness online among the broader Chinese-speaking community.
Didi on OTC bourse after delisting from NYSE2022-06-14
Chinese ride-hailing company Didi Global Inc was set to start trading its shares on the over-the-counter market on Monday, after delisting from the New York Stock Exchange on Friday and pending a China cybersecurity review-prerequisites for its business to resume normal operations.
Huawei sees major patent progress2022-06-09
Huawei Technologies Co said on Wednesday that more than 2 billion smartphones have been licensed to use its 4G or 5G patents in the past five years, as the Chinese tech giant continues its heavy spending on research and development to boost its technological prowess.
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