Asia

30 Mar Huawei says partner Chery Automobile’s Luxeed S7 premium EV starts mass delivery

Posted at 09:25h in Asia

“A large number of Luxeed S7 vehicles have already rolled off the production line and are now being transported for delivery to customers,” said Richard Yu Chengdong, chairman of Huawei’s intelligent automotive solution business unit, in a post on Chinese microblogging platform Weibo.Huawei had said...

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30 Mar Tech venture capital firm GGV’s Asia business weighs a foray into private debt after split from US counterpart

Posted at 08:47h in Asia

The Asia partnership, which is led by Jenny Lee and Jixun Foo in Singapore, has been rebranded as Granite Asia. Its name comes from Granite Global Ventures, GGV’s original handle when the firm was founded in 2000.Singapore-based Granite Asia is headed by senior managing partners...

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30 Mar Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

Posted at 08:30h in Asia

It’s instructive to read Mervyn King, former governor of the Bank of England, in his book The End of Alchemy: Money, Banking and the Future of the Global Economy, to grasp why a repeat is so likely. He recalls that in the run-up to the...

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30 Mar Huawei founder Ren Zhengfei focuses on digital transformation, tech innovation in meeting with PetroChina chairman

Posted at 06:49h in Asia

Ren on Thursday met Dai Houliang, chairman of both the state-owned China National Petroleum Corp (CNPC) and its listed arm PetroChina, in Shenzhen where they discussed “improving corporate governance, digital transformation and intelligent development, as well as scientific and technological innovation”, according to a report...

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30 Mar Green innovation: Hong Kong start-ups nurture trillions of tiny algae as carbon-capture tech to address climate change

Posted at 02:00h in Asia

Most plant life on the planet does the same thing, producing oxygen and energy for its own use in the process. But microalgae have a prodigious capacity for carbon dioxide relative to their mass, which is why Alcarbo – and many competitors – are racing...

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29 Mar China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

Posted at 22:00h in Asia

“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in...

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29 Mar Syngenta withdraws Shanghai IPO application, will restart process in China or elsewhere ‘when the conditions are right’

Posted at 14:30h in Asia

Swiss agrichemicals and seeds giant Syngenta Group has withdrawn its application for a listing in Shanghai amid mainland China’s slowing equities market, dashing hopes for one of the largest share sales this year in the country’s commercial hub.The Shanghai Stock Exchange said it had terminated...

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29 Mar China’s central bank keeps ‘cautious’ in bond trade despite Xi Jinping’s mandate

Posted at 14:00h in Asia

Despite instructions from President Xi Jinping to resume the trading of central government bonds, China’s central bank is expected to take a cautious approach to mitigate unexpected consequences for inflation and the exchange rate, analysts said.At the twice-a-decade financial work conference, held last October, Xi...

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29 Mar AirAsia targets China’s ‘still very big for us’ smaller cities such as Xian in bet on budget-conscious fliers, appetite for Southeast Asia

Posted at 13:45h in Asia

“There are two parts of growth here,” Fernandes said. “One is new cities, but the bigger one for me is to provide direct connectivity from the smaller cities.“Your smaller cities are still very big for us.”AirAsia, founded in 2001 by Fernandes with two aircraft, offers...

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29 Mar ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

Posted at 13:30h in Asia

While employees have started to receive their bonuses for the past year based on their performance review, those who were rated “M” or higher will be rewarded extra payment of between 5 per cent to 15 per cent of their original bonus, according to Hua...

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