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Big get bigger as select startups gain most amid funding boom

Select companies have gained the most from a sustained funding boom in the domestic market, amid an unprecedented inflow of risk capital and steep valuations. ADVERTISEMENTData sourced by ET from industry tracker Venture Intelligence showed that almost 50% of the $24.5 billion in total funds raised by Indian startups between January and September has been ploughed into 73 companies in follow-on rounds. International investors and stakeholders are hungry for a piece of top players amid increased...
Tags: Business, News, China, US, Venture Intelligence


Tesla lobbies PM Modi’s office to slash taxes before it enters Indian market

Tesla Inc has urged Indian Prime Minister Narendra Modi’s office to slash import taxes on electric vehicles before it enters the market, four sources told Reuters, ratcheting up demands that faced objections from some Indian automakers. Tesla executives, including its head of policy in India, Manuj Khurana, took the company’s demands to Modi’s officials last month in a closed-door meeting, arguing that the taxes were too high, four sources familiar with the discussions said. The transport minis...
Tags: Business, News, China, India, Narendra Modi, Tesla, Reuters, Modi, Tesla Inc, Manuj Khurana


China's Evergrande plunges as much as 14% after $2.6 billion sale falls through, as trading resumes in Hong Kong

Evergrande is a huge Chinese property developer that's on the brink of default. NOEL CELIS/AFP via Getty Images Evergrande stock plunged as much as 14% Thursday as trading resumed in Hong Kong, after a two-week suspension. The Chinese property giant said a $2.6 billion deal to offload some assets had fallen through and home sales had plunged. S&P Global Ratings said Evergrande is on the brink of default, raising fears about contagion across the property sector and Chinese economy. Shar...
Tags: Hong Kong, China, Trends, Beijing, Group, Afp, Fantasia, BCA, Evergrande, Hopson, Matthew Chow, Harry Robertson, China Evergrande, Getty Images Evergrande, Hopson Development, Sinic


Gulf economies to pick up speed next year, with fall in oil prices biggest risk | Reuters

Gulf economies to pick up speed next year, with fall in oil prices biggest risk | Reuters Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a decline in oil and gas prices was the biggest risk to their outlook.The oil-rich region will benefit from an increased COVID-19 vaccination rate, rising oil prices and easing of lockdown restrictions this year and next, the poll suggested.But while...
Tags: Travel, China, Reuters, Gulf Cooperation Council, Oct, Rupert Neil Bumfrey, Reuters Economies


Global stocks fall as worries over an Evergrande collapse resurface, while bitcoin loses grip of its all-time high

AP Photo/Richard Drew Global stocks fell Thursday on revived jitters about Evergrande after a $2.6 billion stake sale fell through. The Chinese property giant's Hong Kong shares plunged as the end of a grace period for an offshore interest payment nears. Bitcoin dropped from its latest all-time high near $67,000 to around $65,100. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global stocks slipped Thursday, as revived worries about a default by Chinese pro...
Tags: Hong Kong, Europe, London, China, US, Trends, Tesla, Opec, Frankfurt, Tokyo, West Texas Intermediate, Federal Reserve, Dow Jones, Shanghai Composite, Jpmorgan, US Energy Information Administration


It's not just Facebook - China's big tech firms like Alibaba and Tencent are also piling into the metaverse

Booth at a tech conference in China. VCG/Getty Images "Metaverse" has become a buzzword with Facebook reportedly planning a name change to reflect its focus on the concept. Chinese tech giants are also eyeing the metaverse. Tencent, ByteDance, and Alibaba are reportedly taking steps to enter the space. Social media giant Facebook has thrust the metaverse into the limelight, reportedly going as far as planning to change its name to reflect its focus on the concept.The tech buzzword refers t...
Tags: Facebook, Hong Kong, Microsoft, China, Trends, Alibaba, Tencent, Silicon Valley, Cnbc, Scmp, Afp, Bloomberg Intelligence, South China Morning Post, Kuaishou, Bytedance, Facebook China


European Stocks Head Lower on Evergrande Woes, Mixed Earnings

(Reuters) - European shares slipped on Thursday, driven by gloomy sentiment on renewed worries around China's property sector and mixed quarterly...
Tags: China, Reuters


China Boots Caixin Financial News From Approved Media List

China has removed Caixin Media, one of the country’s most independent business news sites, from a list of news outlets whose content can be republished by other internet news providers.
Tags: China


United States: Nota Bene Episode 148: Asia Q4 Checkin: Living With Covid, Supply Chain And China's Crackdown On Its Free Market Experiments With Paul Kim - Sheppard Mullin Richter & Hampton

We regroup with Paul Kim for our fourth quarter check in to hear the latest on COVID across Asia and how the different countries have adjusted to living with the virus.
Tags: Asia, News, China, United States, Hampton, Paul Kim, Paul Kim Sheppard Mullin Richter


Birkin Bag Maker Hermes Shrugs off China Slowdown, Sales Beat Forecasts

PARIS (Reuters) - Sales at Birkin bag maker Hermes grew by 31% in the third quarter, beating market expectations even as the pace of the rebound...
Tags: China, Paris, Hermès, Reuters Sales at Birkin


Parts of Northern China Brace for More COVID-19 Lockdowns and Curbs

BEIJING (Reuters) - Parts of northern China are bracing for more COVID-19 curbs as a wave of cases raises concerns of a broader outbreak, with...
Tags: China, Beijing


Social media users pass the 4.5 billion mark

Social media users pass the 4.5 billion mark 21 Oct 2021 Active users have increased by more than 400 million over the past year. Our new Digital 2021 October Global Statshot Report – published in partnership with We Are Social and Hootsuite – is pac...
Tags: Apple, Google, Amazon, Facebook, Asia, Indonesia, Saudi Arabia, China, Southeast Asia, India, US, America, Seo, Eu, Snapchat, Netflix


China to crush secondary market providing forbidden gaming accounts to kids

Beijing's recent crackdowns on internet behaviour have spawned rebellious entrepreneurs, because of course they have. China's National Internet Information Office has revisited some of the government's recent internet crackdowns, to put a stop to workarounds such as renting or selling accounts for online games to minors in order to circumvent the three-hours-per-week play time imposed by Beijing.…
Tags: China, Software, Beijing, China s National Internet Information Office


Pernod Ricard Q1 Sales Beat Forecasts on Strong Demand in China, U.S

By Dominique VidalonPARIS (Reuters) -French spirits maker Pernod Ricard said it expected sales growth to continue through its 2022 fiscal year,...
Tags: China, Pernod Ricard, Dominique VidalonPARIS Reuters


China Evergrande shares fall sharply after $2.6bn asset sale collapses

‘No guarantee’ Chinese property giant can meet its $305bn debts, starting with a deadline on Monday that could trigger defaultShares in the struggling property giant China Evergrande have fallen sharply after plans to offload a stake in one of its units for $2.6bn fell through, casting further doubt over whether it can avert the country’s biggest ever corporate failure.China Evergrande Group, the parent company for the sprawling empire built by former steel industry executive Xu Jiayin, was down...
Tags: Hong Kong, Business, China, Asia Pacific, Chinese Economy, Evergrande, Xu Jiayin, China Evergrande, China Evergrande Group, Evergrande Property Services


At least 3 killed, more than 30 injured in gas explosion in northeast China

At least three people were killed and more than 30 injured in a powerful explosion at a restaurant in the northeastern Chinese city of Shenyang on Thursday morning, according to local authorities.
Tags: China, Cnn, Shenyang


Analysis-China's Silence on Yuan's Swift Gains Keeps Markets Buzzing

SHANGHAI (Reuters) - As China's yuan climbs rapidly to its strongest levels in six years against the currencies of the country's trading partners,...
Tags: China, Shanghai, Yuan, Reuters


What lies beneath? Hidden debt fears feed China's property woes

Numbers don't lie, you just need to be looking at the right ones.
Tags: Finance, China, Article, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/china, Clare Jim, 2432a734-5ff9-52c3-8754-46f19d352b23, Samuel Shen and Marc Jones


Three Killed in Gas Explosion at Chinese BBQ Restaurant

BEIJING (Reuters) - Three people were killed and more than 30 injured when gas exploded at a BBQ restaurant in China on Thursday, state media and...
Tags: China, Beijing, Chinese BBQ Restaurant


China Evergrande shares plunge as much as 14% in resumed trade after $2.6 billion deal collapses

Evergrande housing complex. STR/ Getty images Shares of China Evergrande have plunged as much as 14% after its deal to sell a $2.6 billion stake in a key unit fell through. Evergrande shares were suspended for more than two weeks before trade resumed on Thursday. Once China's top-selling developer, Evergrande is now reeling under more than $300 billion of debt. Shares of China Evergrande Group slid as much as 14% on Thursday after a deal to sell a $2.6 billion stake in its property ser...
Tags: Hong Kong, China, Trends, Reuters, Evergrande, Hopson, China Evergrande, Clare Jim, Shares of China Evergrande Group, Evergrande Property Services Group Ltd, Hopson Development Holdings Ltd, Shares of Hopson, Once China, Thursday Modern Land China Co Ltd


China's Evergrande set to collapse as deadlines loom, fears of US-style GFC

It has been teetering on the brink of collapse for weeks but China Evergrande, the country's second biggest property developer, could be facing up to doomsday as it admitted it may not be able to meet its financial obligations.With... [Author: [email protected]]
Tags: Business, China, US, Gfc, Evergrande, China Evergrande


At least 1 killed, 33 injured in gas explosion in northeast China

At least one person was killed and 33 injured in a powerful explosion at a restaurant in the northeastern Chinese city of Shenyang on Thursday morning, according to local authorities.
Tags: China, Cnn, Shenyang


China Evergrande shares fall sharply after $2.6bn asset sale falls through

‘No guarantee’ Chinese property giant can meet its $305bn debts, starting with a bond repayment on Monday that could trigger defaultShares in the struggling property giant China Evergrande have fallen sharply after plans to offload a stake in one of its units for $2.6bn fell through, casting further doubt over whether it can avert the country’s biggest ever corporate failure.On Thursday morning, China Evergrande Group, the parent company for the sprawling empire built by former steel industry ex...
Tags: Business, China, Asia Pacific, Chinese Economy, Evergrande, Xu Jiayin, China Evergrande, China Evergrande Group, Evergrande Property Services


Tesla's Gigafactory in China has managed to boost production even amid supply chain challenges

Tesla CEO Elon Musk (center) in Shanghai. STR/AFP via Getty Images Tesla said its production in China has "ramped up well," with Shanghai remaining the company's primary export hub. Tesla's Shanghai Gigafactory now produces more cars than its Fremont, CA, factory. The electric vehicle maker reported record revenue and profit in the third quarter. Tesla's operations in China appear to be overcoming the supply chain challenges - including a global chip shortage hitting carmakers ...
Tags: Auto, Elon Musk, Technology, China, Cars, Trends, Tesla, Shanghai, Manufacturing, Fremont California, China Passenger Car Association, Getty Images Tesla, Shanghai Gigafactory, Zach Kirkhorn, Supply Chain Crisis, Huileng Tan


‘Bharat’ users bring Indian short video apps closer to TikTok’s base

At present, Indian short form video platforms are attracting close to 170 million to 190 million unique users from beyond top 50 Indian cities every month, zooming past e-commerce platforms like Flipkart, Amazon, and leaving behind established social media giants such as Instagram, Facebook and YouTube. The growth in user base is attributed to new content created by creators on Indian short form video apps. Indian short video apps are now actively eying on monetisation through introducing live ...
Tags: Business, News, China, Instagram Facebook, Flipkart Amazon


Evergrande has abandoned plans to sell a $2.6 billion stake in one of its key units, even as Chinese officials seek to calm nerves about the company's debt crisis

Evergrande headquarters in Shenzhen, southeastern China. Noel Celis/AFP/Getty Images Embattled Chinese property giant China Evergrande formally abandoned plans to sell a $2.6 billion stake in one of its key units. The news comes as Chinese officials have been trying to soothe fears over Evergrande's debt crisis. Once China's top-selling developer, the company is now reeling under more than $300 billion of debt. Teetering Chinese property giant China Evergrande formally abandoned pl...
Tags: Hong Kong, Real Estate, News, China, Trends, Debt, Beijing, People's Bank Of China, Shenzhen, Guangdong, Reuters, Pboc, Xinhua, Nomura, People s Bank of China PBOC, Yi


China: The patriotic 'ziganwu' bloggers who attack the West

Their scathing posts have shot them to fame amid rising nationalist fervour - but they toe a fine line.
Tags: News, China


Biden’s pick for China ambassador says ‘we cannot trust the Chinese’ on Taiwan

Nicholas Burns calls Beijing an ‘aggressor’ and that US responsibility is ‘to make Taiwan a tough nut to crack’ US president Joe Biden’s nominee to be ambassador to Beijing on Wednesday said China was aggressive and untrustworthy, insisting that boosting Taiwan’s defences against the threat of Chinese invasion should be a US priority.Speaking to the US Senate Committee on Foreign Relations, which is due to confirm his appointment, Nicholas Burns denounced recent Chinese warplane incursions into ...
Tags: China, US, World news, Joe Biden, US foreign policy, US news, Taiwan, Beijing, Asia Pacific, Biden, Nicholas Burns, US Senate Committee


Rahm Emanuel, Biden's nominee to be envoy to Japan, indicates China would be a central focus of the job

Rahm Emanuel, the Biden administration's nominee to be ambassador to Japan, made clear Wednesday that he believes a core part of the envoy job is about countering China.
Tags: Japan, China, Cnn, Rahm Emanuel Biden, Rahm Emanuel the Biden


UK strikes trade deal with New Zealand – but it may add nothing to GDP

‘Groundbreaking’ agreement criticised by UK farmers is part of 10-year plan to pivot to Indo-PacificBritain has struck a trade deal with New Zealand, a key ally, as ministers hope to stem the country’s reliance on China – but the agreement is expected to add no value to the UK’s gross domestic product.Despite the Department for International Trade heralding the deal as a “groundbreaking” achievement that was a “vital part” of Boris Johnson’s commitment to levelling up, the prime minister has bee...
Tags: Business, Politics, UK, China, International Trade, UK News, Asia Pacific, Foreign Policy, New Zealand, Boris Johnson, Department for International Trade