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Nio soars 14% to top $100 billion market valuation after unveiling the luxury ET7 sedan and partnering with Nvidia on autonomous driving
JPMorgan was receptive of Nio's new luxury sedan model, upping its price target on the Chinese-based EV manufacturer to $75 on Monday. (Photo by STR / A.....»»
The death of a 22-year-old Chinese tech employee shows the industry"s toxic "996" work culture, championed by top execs like Jack Ma
The woman, who worked for the e-commerce firm Pinduoduo, collapsed after leaving work at 1:30 a.m., and has become a symbol of the anti-996 movement. Pinduoduo users attend the company's listing ceremony at the Shanghai Tower on July.....»»
In a shock reversal, the New York Stock Exchange has scrapped plans to delist 3 Chinese telecom giants
The announcement was a shock u-turn on a decision it had made just days before to delist China Mobile, China Telecom Corp, and China Unicom Hong Kong. Aly Song/Reuters The New York Stock Exch.....»»
Ant"s crown jewel, Alipay, is a supercharged version of popular American apps like Venmo and PayPal. Here"s everything you need to know about the app used by more than 1 billion Chinese residents.
Ant's IPO may have been shockingly suspended, but the firm's Alipay app remains one of the most popular.....»»
Huawei investment arm takes stake in Chinese EDA firm
The rece.....»»
"You Can Take Any Of The Platforms Ant Has," Jack Ma Told Beijing Amid IPO Scrutiny: WSJ
Jack Ma, the co-founder of Alibaba Group Holding Ltd (NYSE: BABA), offered to give Beijing parts of his financial technology firm Ant Group in order to repair his relationship with the Chinese government, the Wall Street Journal read more.....»»
China’s Cainiao Is Revolutionizing How Goods Get Delivered. Will the Rest of the World Follow Its Rules?
Could this be the first time that a Chinese firm truly writes global rules? It might not be the slickest thing on four wheels, and it definitely won’t win any time trials, but Chinese .....»»
Germany Blocks China Satellite Buy, Steps Up Corporate Defenses
Last week Germany blocked the sale of a satellite and radar firm to a Chinese state-backed buyer, the latest in a cooling of corporate relations between the two countries. China Aerospace and… The post German.....»»
Santa Monica"s historic Sears store has been remade as office space, but who"s renting?
The $50-million makeover was intended to show how to reuse obsolete department stores in urban areas. Its owners predict it will turn out that way, but their t.....»»
Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain
The bank said the blockchain letter-of-credit transaction – between mining giant Rio Tinto and Chinese firm Baosteel – was the first to be denominated in yuan......»»
Chinese consulting firm Global Internet of People files for IPO
Chinese consulting firm Global Internet Of People Inc. filed for an initial public offering on Monday, with plans to offer 4.2 million shares priced at $5 each, according to a regulatory filing. The company has applied to list on Nasdaq, under the .....»»
Smart location firm Tile partnering with Intel to track lost PCs, The Verge says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Nio Analyst Says Improving Sales Trajectory, Easing Liquidity Concerns Support Bullish Stance
Chinese electric vehicle startup Nio Inc – ADR (NYSE: NIO) reported strong deliveries for April, prompting an analyst at BofA Securities to turn bullish on the c Latest Ratings f.....»»
Airbus is developing bomb-detecting "electronic noses" that may one day sniff out viral disease
Airbus Airbus is partnering with Silicon Valley biotech firm Koniku to introduce bomb-sniffing sensors to airports and aircraft that may be able to detect viruses such as COVID-19 one day, the Financial Times reported. The te.....»»
Amazon To Use Banned Chinese Firm"s Orwellian Thermal Cameras To Scan Workers
Amazon To Use Banned Chinese Firm's Orwellian Thermal Cameras.....»»
Amazon turns to blacklisted Chinese firm for thermal cameras
Amazon has bought ca.....»»
Exclusive: Amazon turns to Chinese firm on U.S. blacklist to meet thermal camera needs
Amazon.com Inc has bought ca.....»»
Chinese Frontline COVID-19 Research Firm Reported Hacked: Data Now On Dark Web
Chinese Frontline COVID-19 Research Firm Reported Hacked: Data Now On Dark Web.....»»
U.S. crude futures turn positive after historic plunge, Brent falls
U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude......»»
U.S. crude futures turn positive after historic slide, Brent dips
U.S. oil prices recovered on Tuesday to trade in positive territory after sinking below $0 for the first time ever, but international benchmark Brent dipped as demand for crude slumps amid the coronavirus pandemic......»»