Page 5 - Chinese Companies

China's factories grapple with power cuts to meet energy use targets

Global shoppers face possible shortages of smartphones and other goods ahead of Christmas

Evergrande's EV unit admits there's no certainty it can pay debt

The EV unit is a relatively small part of Evergrande's sprawling empire, but is primarily reliant on residential apartment sales.

China is unlikely to okay Baidu's $3.6 billion purchase of JOYY's YY Live

This follows Beijing's move to rein in gaming-related businesses and corporate expansion via deals, they said.

After Evergrande, China lenders hold back on credit for property developers

Carrying $305 billion in liabilities, China's second biggest property developer inched closer to a potential default on Friday by missing the deadline on an interest payment.

Evergrande's billionaire boss Hui Ka Yan exudes calm amid crisis

Evergrande missed a dollar bond interest payment deadline this week, moving closing to a potential default.

Chinese firms haven't invested in India's highway projects: Gadkari

Union minister Nitin Gadkari has said that Chinese companies have not made investments in highway projects in India in recent times.

Evergrande begins repaying wealth product investors with property

The firm has begun repaying investors in its wealth management products with real estate

Evergrande Group flags default risk from cash crunch; bonds fall

The company said it's exploring the sale of interests in its listed electric vehicle and property services units, as well as other assets

SEC chief Gary Gensler warns 'clock is ticking' on delisting Chinese stocks

Securities and Exchange Commission Chair Gary Gensler has a warning for hundreds of Chinese companies that have raised billions of dollars in US markets

Beijing took stake and board seat in key ByteDance domestic entity in 2021

The central Chinese government similarly holds a 1% stake in a key unit of Twitter-like Weibo called Beijing Weimeng Technology

China's education crackdown pushes costly tutors underground

A sweeping overhaul announced last month bans private companies from teaching the school syllabus during weekends and vacations and from making a profit, along with a laundry list of other restriction

Huawei revenue drops 29% as its consumer growth engine stutters

The biggest drop came from Huawei's consumer business group, which includes handsets

Targeting tech

Chinese govt's recent steps can backfire

US regulators step up scrutiny of IPO hopefuls from China before listing

Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before US regulators will allow them to list their stock

Wall Street's IPO fee machine under threat after regulatory scrutiny

The heavier deal flow has provided an uptick in fees to the banks

Tencent's WeChat suspends new user registration for security compliance

Shares in Tencent plunged 9.0% in Hong Kong on Tuesday

FCC votes to finalise programme to replace Huawei equipment in US networks

The FCC's final order expands the companies eligible for reimbursement from those with 2 million or fewer customers to those with 10 million or fewer customers.

ByteDance shelves IPO after regulators warn about data security: Report

The Chinese tech giant, whose apps also include TikTok's Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an IPO of its domestic assets

Will take 'necessary measures' after Biden admin blacklists firms: China

The penalties over China's treatment of Uyghurs and other Muslim minorities prohibit Americans from selling equipment or other goods to the firms

United States govt puts 14 more Chinese firms under sanction list

The reason being their involvement in Beijing's human rights abuses in the Xinjiang Uygur Autonomous Region, NHK World reported citing the US Commerce Department.