Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Tingshu Wang"


25 mentions found


A Meituan delivery worker wearing a face mask, following the outbreak of the coronavirus disease (COVID-19), has his temperature checked as he enters a shopping complex, in Beijing, China July 15, 2020. REUTERS/Tingshu Wang/File PhotoSHANGHAI, Nov 26 (Reuters) - Chinese food delivery giant Meituan (3690.HK) reported a fourth consecutive quarterly loss on Friday, as it plowed more investment into expanding its various businesses. Tencent-backed (0700.HK) Meituan, whose services also include restaurant reviews and bike sharing, reported a 5.53 billion yuan ($866 million) loss in the July-September period versus a profit of 2.05 billion yuan a year earlier. Food delivery, the company's core business, posted quarterly revenue growth of 28% to 26.5 billion yuan. New initiatives, including its community group-buying service, Meituan Select, grew by 66.7% year-on-year to 13.7 billion yuan in revenue.
Persons: Tingshu Wang, Brenda Goh, Edmund Blair, Kim Coghill Organizations: REUTERS, HK, Meituan, Revenue, Refinitiv, Thomson Locations: Beijing, China, SHANGHAI
TikTok's China rival is coming out of obscurity
  + stars: | 2021-11-24 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Tingshu Wang - RC2JRI9W7JP7HONG KONG, Nov 24 (Reuters Breakingviews) - Kuaishou Technologies (1024.HK) may be coming out of its larger rival ByteDance's long shadow. After declining through the year, daily active users flew past 300 million in the third quarter. Kuaishou won broadcasting rights of the Tokyo Olympics, which helped generate 73 billion clicks on related content. Its enterprise value is trading at 2.9 times forecast sales after a rich start, per Refinitiv. That’s half the ratio of smaller rival Bilibili (9626.HK).
Persons: Tingshu Wang, Kuaishou, Yawen Chen, Una Galani, Katrina Hamlin Organizations: People's, Fair for Trade, Services, REUTERS, Reuters, Kuaishou Technologies, HK, Tokyo, Twitter, JPMorgan Locations: People's Republic of China, Beijing, China, HONG KONG
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu WangBEIJING, Nov 23 (Reuters) - China's industry ministry on Tuesday said its cyberspace administration and police had summoned the cloud units of Alibaba (9988.HK) and Baidu Inc to urge them to better prevent telecom network fraud. The discussions came after both companies' cloud platforms were found to have allowed access to fraudulent websites, the Ministry of Industry and Information Technology said in a statement on its official Weibo account. Register now for FREE unlimited access to reuters.com RegisterReporting by Beijing Newsroom; writing by Tom Daly, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Tingshu Wang, Tom Daly, Louise Heavens Organizations: REUTERS, HK, Baidu Inc, Ministry of Industry, Information Technology, Beijing Newsroom, Thomson Locations: Beijing, China, Tingshu Wang BEIJING
China's land sales slump for 4th month as property woes worsen
  + stars: | 2021-11-19 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Tingshu WangSummary Oct government land sales -13.14% vs -11.15% in September - ReutersJan-Oct government land sales +6.1% vs +8.7% in Jan-SepBEIJING, Nov 19 (Reuters) - The Chinese government's revenue from land sales slumped for a fourth month in October compared with year ago levels, as cash-strapped developers moved cautiously on land buying after tighter regulatory curbs on fresh borrowing. "Declining land sales will constrain fiscal funding for infrastructure, leading Chinese regional and local governments to temporarily shift to debt-funded growth," according to a Moody's recent report. Not all provinces and regions are equally dependent on land sales revenue. China's government land sales revenue grew 6.1% to 5.9371 trillion yuan ($930.29 billion) in January-October from a year earlier,data from the finance ministry showed, slowing from the 8.7% rise in the first nine months. read more($1 = 6.3816 Chinese yuan renminbi)Register now for FREE unlimited access to reuters.com RegisterReporting by Liangping Gao and Ryan Woo Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Tingshu Wang, Xi Jinping, Liangping Gao, Ryan Woo, Mark Potter Organizations: REUTERS, Reuters, China Evergrande, HK, Private, Thomson Locations: Beijing, China, BEIJING, Shanghai, Shenzhen
REUTERS/Tingshu Wang/File PhotoNov 19 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%. "We see intensified competition further eating into Alibaba's market share and widening the difference in revenue growth of Alibaba vs. peers," Daiwa Capital Markets analysts said in a research note. For the quarter ended Sept. 30, Alibaba earned 11.20 yuan per share on an adjusted basis, missing an average estimate of 12.36 yuan. Revenue climbed 29%, the smallest rise in six quarters, to 200.7 billion yuan ($31.4 billion), just under a Refintiv consensus estimate. Alibaba's fintech affiliate Ant Group recorded a quarterly profit of about 19.7 billion yuan for the quarter ended June, up 39%.
Persons: Tingshu Wang, Alibaba, Daniel Zhang, Alibaba's, Subrat Patnaik, Josh Horwitz, Arun Koyyur, Emelia, Edwina Gibbs Organizations: REUTERS, Alibaba, Holding, HK, Capital, JD.com, Revenue, Ant, Thomson Locations: Beijing, China, Hong Kong, Bengaluru, Shanghai
Staff members work at a counter of cosmetics brand L’Oreal at a shopping mall in Beijing, China November 18, 2021. REUTERS/Tingshu WangBEIJING, Nov 18 - China's top two livestreaming sales stars said they have suspended cooperation with French cosmetics giant L'Oreal (OREP.PA) over a dispute about prices during Alibaba Group's (9988.HK) Singles Day shopping promotion earlier this month. According to Chinese media, Li Jiaqi and Viya pre-sold a combined 18.9 billion yuan ($2.96 billion) worth of goods on Oct. 20 in pre-Singles Day promotions. In a statement, L'Oreal apologised to customers for a "too complicated promotion mechanism", and noted the "suggestions" made by Li and Viya. The spat became one of the most viewed topics on China's Twitter-like Weibo social media network on Thursday, with 450 million hits.
Persons: Tingshu Wang, Group's, Li Jiaqi, Li, Sophie Yu, Brenda Goh, Kenneth Maxwell Our Organizations: REUTERS, L'Oreal, HK, Twitter, Thomson Locations: Beijing, China, Tingshu Wang BEIJING
China's Alibaba warns of slowest revenue growth since debut
  + stars: | 2021-11-18 | by ( ) www.reuters.com   time to read: +2 min
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. The company last week recorded its slowest sales growth during its annual Singles' Day, the world's biggest online shopping fest. For the reported quarter, the e-commerce juggernaut's revenue growth rose 29% to 200.69 billion yuan ($31.44 billion), its slowest rate of growth in six quarters. Analysts on an average had expected revenue of 204.93 billion yuan, according to Refinitiv data. Alibaba's fintech affiliate Ant Group recorded a quarterly profit of about 19.7 billion yuan for the quarter ended June.
Persons: Tingshu Wang, Jack Ma, Subrat Patnaik, Josh Horwitz, Arun Koyyur Organizations: REUTERS, Holding, HK, Inc, Tencent Holdings, Ant, Thomson Locations: Beijing, China, Alibaba, Bengaluru
U.S. NTSB closes probe into fatal Tesla 2020 California crash
  + stars: | 2021-11-16 | by ( ) www.reuters.com   time to read: 1 min
A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File PhotoWASHINGTON, Nov 16 (Reuters) - The U.S. National Transportation Safety Board (NTSB) on Tuesday said it had closed an investigation into a fatal August 2020 Tesla crash in Saratoga, California without taking any action. The NTSB said the driver was operating the 2019 Tesla Model 3 with the driver assistance system Autopilot engaged but was manually pressing the accelerator pedal causing the vehicle to go into override mode when it struck the rear of a minivan. The Tesla then struck a truck at a high rate of speed and caught fire resulting in fatal injuries to the Tesla driver and passenger. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Tingshu Wang, Tesla, David Shepardson Organizations: REUTERS, WASHINGTON, U.S . National Transportation Safety Board, NTSB, Thomson Locations: Beijing, China, Saratoga , California
Marketmind: "Old friends" get together
  + stars: | 2021-11-16 | by ( Reuters Staff | ) www.reuters.com   time to read: +2 min
A screen shows Chinese President Xi Jinping attending a virtual meeting with U.S. President Joe Biden via video link, at a restaurant in Beijing, China November 16, 2021. REUTERS/Tingshu WangA Joe Biden-Xi Jinping summit -- in which the Chinese leader called the U.S. president his “old friend” -- has put markets in a good mood. Whether that lasts however, could depend on U.S. October retail sales figures due out later this session. Given that personal consumption comprises almost 70% of U.S. GDP, it matters hugely whether Americans choose to spend or save. Retail sales,
Persons: Sujata Rao, Xi Jinping, Joe Biden, Tingshu Wang, Xi, , Elon Musk, Philip Lowe, Raphael Bostic Organizations: U.S, REUTERS, Walmart, Home, Bank of, Biden, Tesla, Reserve Bank of Australia, Vodafone, Imperial Brands, Bank of Atlanta, Depot Locations: Beijing, China, U.S, Bank of England, Hungary
US President Joe Biden and Chinese President Xi Jinping at their virtual meeting. Tingshu Wang/ReutersUS stock futures drifted, as investors focused on talks between US President Joe Biden and Chinese premier Xi Jinping. The crypto market took a beating after China warned state firms about mining, with bitcoin sliding below $60,000. US stock futures edged lower Tuesday as investors assessed a key meeting between US President Joe Biden and Chinese leader Xi Jinping, while cryptocurrencies took a battering from warnings from Beijing. Biden and Xi reiterated their role in avoiding conflict during hours of talks on Monday.
Persons: Joe Biden, Xi Jinping, Tingshu Wang, Xi, Stocks, cryptocurrencies, Dow Jones, Biden, It's, Jim Reid, Hong, Hang Seng, Athanasios Vamvakidis, Bitcoin, Olumide Adesina Organizations: Reuters, Xi Jinping, China, Futures, Nasdaq, White, Deutsche Bank, Bank of England, Bank of America, Bloomberg Locations: Beijing, China, United States, Taiwan, Shanghai, Europe
A view of the new Beijing Stock Exchange at the Financial Street, in Beijing, China, November 15, 2021. The Beijing exchange complements existing bourses in Shanghai and Shenzhen that host companies with bigger market capitalisations. That compares with price/earning ratios of 71.84 for Shanghai’s STAR Market, and 60 for Shenzhen’s ChinNext. Investors with assets worth at least 500,000 yuan ($78,347) in their stock account can apply to trade in the Beijing Stock Exchange - a threshold on par with Shanghai’s STAR Market. Eight mutual funds targeting the Beijing exchange have completed registration, according to CSRC.
Persons: Tingshu Wang, Xi Jinping's, , Yang Hongxun, Xi, Yi Huiman, ” Yi, Shenzhen’s ChiNext Organizations: Beijing Stock Exchange, bourse, REUTERS, Shenguang, , Board, China Securities Regulatory Commission, Oriental Securities, Electric Co, Technology, Securities Times, Shanghai’s STAR Locations: SHANGHAI, Beijing, China, Shanghai, Shenzhen, Henan, HeBei
FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File PhotoBEIJING (Reuters) - ByteDance’s Douyin, the Chinese version of TikTok, said on Friday it had received a request from Tencent to allow short videos, based on Tencent’s copyrighted films and TV shows, to be shown on Douyin. Tencent’s move meets the requirement from Chinese regulators to create an open internet, Douyin said in a statement, adding “we are pleased that Tencent’s copyrighted content can be shared on Douyin”. In August, Douyin removed thousands of user-generated videos related to a television series produced by Tencent Video after the latter filed a copyright infringement lawsuit against the company. WeChat users currently can share Douyin and Xigua links if they update to the latest version.
Persons: Tingshu Wang, Douyin, Tencent’s, Tencent, ByteDance Organizations: REUTERS, Tencent Locations: Beijing, China, BEIJING, Tencent
read more"We have $100,000 secured, if we collect $200,000 it's READY GO" the organiser told a WeChat group in messages seen by Reuters. Yet, since the October WeChat group buy, the price of the Yango unit's January 2022 bond has fallen more than 50% and the company has extended its repayment date by a year. read moreThat could continue to spell trouble for Chinese developers with bonds worth more than $90 billion maturing in the next year, according to Refinitiv data. Edward Chan, director, corporate ratings at S&P Global, noted that all of the nearly 30 recent S&P rating actions on Chinese issuers had been negative. S&P has forecast continued market volatility in Chinese debt into 2022, with large debt maturities pushing more offshore defaults.
Persons: Tingshu Wang, Shaw Yann Ho, Ho, Edward Chan, Hayden Briscoe, James Wong, Andrew Galbraith, Samuel Shen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Yango, Reuters, Greenland Holdings, China Evergrande, HK, Morgan Asset Management, Shimao, Holdings, P Global, UBS Asset Management, Global Asset Management, Thomson Locations: Beijing, China, SHANGHAI, China's, WeChat, Sunshine, Asia, Pacific
In the U.S., Los Angeles imposes a broad vaccination mandate. And once that hotel quarantine is over, they are expected to avoid going outside their home for another 28 days. One user, under the name JonasLambily, wrote, “A model of lazy governance.”Los Angeles businesses confront a new vaccination mandate. Image Blanca Quintero setting up a sign asking customers to show proof of Covid vaccination at Highland Park Brewery in Los Angeles on Monday. “Our businesses can’t afford another shutdown,” Nury Martinez, the president of the Los Angeles City Council, said in a statement.
Persons: Tingshu Wang, , Blanca Quintero, Jae C, ” Nury Martinez, Jan, Kim Prince, “ That’s, I’m, Prince, Allie Tichenor, I’ve, Matthew McConaughey’s, let’s, you’ve, Ted Cruz, Big, Andrew, There’s, we’ve, Matthew McConaughey, Mr, McConaughey, ” Mr, , should’ve, it’s, Vivek Murthy, Murthy, “ I’m Organizations: Travelers, Brewery, ., Associated, Covid, City Council, Los Angeles City Council, U.S . Department of Health, Human Services, Los Angeles Times, English Premier, DealBook, CNN Locations: Shenyang, U.S, Los Angeles, China, Wuhan, Dalian, Liaoning, Beijing, Highland, ” California, Nashville, Crenshaw, , I’m, Echo, America, England, Texas
Those rules would mandate vaccinations or documentation proving a past infection for people seeking to use certain services. Germany Coronavirus Map and Case Count See the latest charts and maps of coronavirus cases, deaths and vaccinations in Germany. “Are there ways to get back on track?”Los Angeles businesses confront a new vaccination mandate. Image Blanca Quintero setting up a sign asking customers to show proof of Covid vaccination at Highland Park Brewery in Los Angeles on Monday. If U.S. companies have 100 employees, the vaccine mandate kicks in.
Persons: Waltraud Grubitzsch, Dr, Christian Drosten, Drosten, Angela Merkel’s, Markus Söder, , , Jens Spahn, Tingshu Wang, Matthew McConaughey’s, let’s, you’ve, Ted Cruz, Big, Andrew, There’s, I’ve, we’ve, Matthew McConaughey, Mr, McConaughey, ” Mr, should’ve, it’s, Vivek Murthy, Murthy, “ I’m, Blanca Quintero, Jae C, ” Nury Martinez, Jan, Kim Prince, “ That’s, I’m, Prince, Allie Tichenor, Ng Han Guan, Xiao Yu, Xiao, Donald J, Trump, Ms, “ It’s, Claire Fu, Biden, Jim Watson, Organizations: ., Associated Press, Travelers, English Premier, DealBook, CNN, Brewery, Associated, Covid, City Council, Los Angeles City Council, U.S . Department of Health, Human Services, Los Angeles Times, American Embassy, Wednesday, United States, Times, Credit, Agence France, Labor Department Locations: Germany, Leipzig, Berlin’s, Europe, Bavaria, Bavarian, Shenyang, China, Wuhan, Dalian, Liaoning, Beijing, America, England, U.S, Texas, Los Angeles, Highland, ” California, Nashville, Crenshaw, , I’m, Echo, United States, Guangzhou, Shanghai, Washington, Indiana, of, American
Those rules would mandate vaccinations or documentation proving a past infection for people seeking to use certain services. One user, under the name JonasLambily, wrote, “A model of lazy governance.”Los Angeles businesses confront a new vaccination mandate. Image Blanca Quintero setting up a sign asking customers to show proof of Covid vaccination at Highland Park Brewery in Los Angeles on Monday. If U.S. companies have 100 employees, the vaccine mandate kicks in. Parents, Dr. Murthy told CNN, need to recognize that “Covid is not harmless in our children.” “Many kids have died,” he said.
Persons: Waltraud Grubitzsch, Dr, Christian Drosten, Drosten, Angela Merkel’s, Markus Söder, , , Jens Spahn, Tingshu Wang, Blanca Quintero, Jae C, ” Nury Martinez, Jan, Kim Prince, “ That’s, I’m, Prince, Allie Tichenor, I’ve, Ng Han Guan, Xiao Yu, Xiao, Donald J, Trump, Ms, “ I’m, “ It’s, Claire Fu, Biden, Jim Watson, , Matthew McConaughey’s, let’s, you’ve, Ted Cruz, Big, Andrew, There’s, we’ve, Matthew McConaughey, Mr, McConaughey, ” Mr, should’ve, it’s, Vivek Murthy, Murthy, Aaron Rodgers, Rick Scuteri, Allen Lazard, Rodgers, Lazard Organizations: ., Associated Press, Travelers, Brewery, Associated, Covid, City Council, Los Angeles City Council, U.S . Department of Health, Human Services, Los Angeles Times, American Embassy, Wednesday, United States, Times, Credit, Agence France, Labor Department, English Premier, DealBook, CNN, Packers, Green Bay Packers, Locations: New Mexico, Germany, Leipzig, Berlin’s, Europe, Bavaria, Bavarian, Shenyang, China, Wuhan, Dalian, Liaoning, Beijing, Los Angeles, Highland, ” California, Nashville, Crenshaw, , I’m, Echo, U.S, United States, Guangzhou, Shanghai, Washington, Indiana, of, American, America, England, Texas
Beijing may tighten management of home purchase funds
  + stars: | 2021-11-04 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
FILE PHOTO: FILE PHOTO: A man rides a bicycle next to a construction site near residential buildings in Beijing, China, January 13, 2021. REUTERS/Tingshu Wang/File Photo/File PhotoBEIJING (Reuters) - Beijing may tighten the management of home purchase payments held in escrow accounts to ensure the funds are used for property projects only, according to draft guidelines issued on Thursday. Chinese developers can sell residential projects before construction, but are required to put funds in escrow bank accounts monitored by local regulators. Under the proposed new rules, developers would not be allowed to get the funds back if their projects have quality problems, are not delivered on schedule, or violate laws. Chinese property developer Kaisa Group Holdings Ltd said on Thursday its finance unit had missed a payment on a wealth management product (WMP), adding to worries about a cash crunch at the debt-strapped company.
Persons: Tingshu Wang Organizations: REUTERS, China Evergrande Group, Kaisa Group Holdings Locations: Beijing, China, BEIJING
China opposes U.S. revocation of licence for China Telecom
  + stars: | 2021-11-03 | by ( ) www.reuters.com   time to read: +2 min
People are seen at a China Telecom booth at an exhibition during China Internet Conference in Beijing, China, July 13, 2021. REUTERS/Tingshu Wang/File PhotoSHANGHAI, Nov 3 (Reuters) - China "resolutely opposes" Washington's revocation of China Telecom Corp Inc's (0724.HK) licence to operate in the United States, the information ministry said on Wednesday, urging a reversal of the move. The U.S. decision, made public a day earlier, means the U.S. subsidiary, China Telecom Americas, must discontinue services in the United States within 60 days. On Wednesday, China Telecom told China Daily, a newspaper published by the ruling Communist Party, that it adhered to compliance requirements in all its markets, including the United States, and added that the FCC's decision lacked justification. In May 2019, the FCC voted unanimously to deny another state-owned Chinese telecommunications company, China Mobile, the right to provide U.S. services.
Persons: Tingshu Wang, Josh Horwitz, Clarence Fernandez, Kim Coghill Organizations: China Telecom, China Internet Conference, REUTERS, China Telecom Corp, HK, U.S ., China Telecom Americas, Ministry of Industry, Information Technology, U.S . Federal Communications Commission, China Telecom’s, China Daily, Communist Party, FCC, China Unicom, Pacific Networks, China Mobile, Thomson Locations: China, Beijing, SHANGHAI, United States, U.S, America, China Unicom Americas
People wearing face masks walk past the headquarters of Chinese central bank People's Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu WangBEIJING, Oct 29 (Reuters) - China published rules on Friday that require its globally systemically important banks to beef up capacity to absorb losses to head off financial instability. China's top four lenders - Industrial and Commercial Bank of China (601398.SS), Agricultural Bank of China Ltd (601288.SS), Bank of China (601988.SS) and China Construction Bank (601939.SS) - are designated as global systemically important banks by Chinese regulators and the Switzerland-based Financial Stability Board (FSB). The four systemically important lenders are also required to meet the leverage ratio requirement of 6% in early 2025, and reach 6.75% in early 2028. With follow-up policies in the works, "China's global systemically important banks can meet those requirements under relatively low pressure ... and the (requirement) will not effect their capability in credit supply," the regulators said.
Persons: Tingshu Wang, Cheng Leng, Ryan Woo, John Stonestreet, Susan Fenton Organizations: People's Bank of China, REUTERS, China Banking, Insurance, Commission, Ministry of Finance, Industrial, Commercial Bank of China, Agricultural Bank of China Ltd, Bank of China, China Construction Bank, Thomson Locations: Tingshu Wang BEIJING, China, Switzerland
Tencent had made a deal with Sumo in July, just days after China's market regulator blocked its plans to merge videogame streaming sites, Huya (HUYA.N) and DouYu, on antitrust grounds. Sumo and Tencent are engaging with the CFIUS to get clearance for the acquisition before the end of the year, the British firm said on Friday. Sheffield-based Sumo's clients and partners include Microsoft Inc's (MSFT.O) XBOX game studios, Apple Inc (AAPL.O) and Alphabet Inc's (GOOGL.O) Google, among others. The deal would bring together Sumo's racing and snooker games with Tencent's more high-profile range of games that includes the mobile version of "Call of Duty". Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri and Ramakrishan M.Our Standards: The Thomson Reuters Trust Principles.
Persons: Tingshu Wang, Tencent, Donald Trump, Yadarisa, Krishna Chandra Eluri Organizations: REUTERS, U.S, Tencent Holdings, HK, Sumo Group, British, Sumo, Foreign Investment, . Sheffield, Microsoft, Apple Inc, Google, Thomson Locations: Beijing, China, United States, U.S, Bengaluru
BEIJING (Reuters) -China’s state planner has set an immediate price target for thermal coal in its most direct intervention yet to cool the market for the key power-generating fuel amid a severe power crunch, trading and power firm sources told Reuters. REUTERS/Tingshu WangThe price target was revealed at meetings on Tuesday and Wednesday between the National Development & Reform Commission (NDRC) and coal miners and distributors, as well as power firms. Wednesday’s meeting also aimed to identify firms deliberately inflating coal prices, the state planner said. Along with the market regulator, it has sent four teams to carry out “special supervision” of spot coal prices in the top three production regions. On Tuesday, the planner said it was studying a new mechanism to guide thermal coal prices into a reasonable range over the long run.
Persons: Tingshu Wang, , , “ We’re, Wednesday’s Organizations: China Energy, REUTERS, National Development & Reform Commission, Reuters, Huaneng Power, Zhengzhou Commodity Exchange, Chinese State Council, State Council Locations: BEIJING, Shenyang, Liaoning province, China, Inner Mongolia, Shanxi, , Zhengzhou, Beijing, Shaanxi, Qinhuangdao, Hebei
HONG KONG (Reuters) - Investment banks and corporate advisors are pushing back against Hong Kong’s proposed rules for blank check listings, arguing they are too onerous and will not make the city competitive, three sources with knowledge of the matter said. FILE PHOTO: A Hong Kong stock exchange sign is seen at the 2020 China International Fair for Trade in Services in Beijing, China September 4, 2020. REUTERS/Tingshu WangInterested parties have until Oct. 31 to lodge submissions with the Hong Kong stock exchange over its proposed framework for Special Purpose Acquisition Companies (SPACs). The Hong Kong stock exchange did not comment on whether it would be amenable to making concessions when asked for comment by Reuters. European asset manager Tikehau Capital is among the first here to plan a SPAC listing in Singapore, sources have told Reuters.
Persons: Hong Kong’s, Tingshu Wang, SPACs, , , Vivian Yiu, Morrison, Foerster, SPAC Organizations: Reuters, Hong, Fair for Trade, Services, REUTERS, HK, city’s Financial Services Development, bourse, Hong Kong’s Securities, Futures Commission, U.S, Tikehau Capital, Stock Locations: HONG KONG, Hong Kong, Beijing, China, Asian, Singapore
NEW YORK (Reuters) - Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue. FILE PHOTO: Customers wearing face masks are seen inside a Luckin Coffee store in Beijing, following the novel coronavirus disease (COVID-19) outbreak, China April 16, 2020. Luckin agreed last December to pay a $180 million fine to settle U.S. Securities and Exchange Commission accounting fraud civil charges. The SEC said Luckin raised more than $864 million from equity and debt investors while the fraud was taking place. Shareholders in the class action are led by Swedish pension fund Sjunde AP-Fonden and the Louisiana Sheriffs’ Pension & Relief Fund.
Persons: Tingshu Wang, John Cronan, Luckin, Kessler Topaz Meltzer, Bernstein Litowitz Berger, Grossmann Organizations: YORK, Inc, REUTERS, U.S, underwriters, American, District, Shareholders, Muddy Waters Research, Securities, Exchange Commission, SEC, Louisiana Sheriffs ’ Pension, Relief Fund Locations: Beijing, China, Cayman Islands, Xiamen, Manhattan, Swedish, Louisiana
Chinese State Councillor and Foreign Minister Wang Yi attends a Lanting Forum with the theme "China and the UN: Cooperation in 50 Years and Beyond”, in Beijing, China June 25, 2021. REUTERS/Tingshu WangBEIJING, Oct 25 (Reuters) - China's foreign ministry said on Monday that Foreign Minister and State Councillor Wang Yi will meet a delegation of the interim Afghan Taliban government during his visit to Qatar on Oct. 25-26. The two sides will exchange views on the situation in Afghanistan and topics of "common concern", said foreign ministry spokesman Wang Wenbin, speaking at a regular news briefing in Beijing. The month before, a Taliban delegation had met Wang Yi in the northern Chinese city of Tianjin. Reporting by Gabriel Crossley; Writing by Ryan Woo; Editing by Giles Elgood, William MacleanOur Standards: The Thomson Reuters Trust Principles.
Persons: Wang Yi, Tingshu Wang, Wang Wenbin, Gabriel Crossley, Ryan Woo, Giles Elgood, William Maclean Organizations: UN, Cooperation, REUTERS, Taliban, Turkestan Islamic Movement, Thomson Locations: China, Beijing, Tingshu Wang BEIJING, Qatar, Afghanistan, United States, Tianjin, Turkestan, Xinjiang
The Olympic flame burns in a cauldron at the ceremony to welcome the flame for the Beijing 2022 Winter Olympics, in Beijing, China October 20, 2021. REUTERS/Tingshu WangBEIJING, Oct 25 (Reuters) - Competitors in the Beijing 2022 Winter Olympics will be subject to daily tests for COVID-19 and will be required to remain in a closed loop that includes transport between the various games venues, organisers said in guidelines released on Monday. "We want everyone at the Games to be safe, that's why we're asking all participants to follow these guidelines," IOC Olympic Games Executive Director Christophe Dubi said in a statement. Organisers added that the closed loop system has been designed to keep competitors safe by reducing unnecessary interactions. Vaccination is not mandatory for the Beijing Games but some national Olympic committees, including that of the United States and Canada, are requiring team members to be vaccinated.
Persons: Tingshu Wang, COVID, Christophe Dubi, Gabriel Crossley, Shrivathsa Sridhar, Christian Radnedge Organizations: Beijing, REUTERS, Games, IOC Olympic Games, Olympic, Paralympic, Beijing Games, Thomson Locations: Beijing, China, Tingshu Wang BEIJING, United States, Canada, Bengaluru
Total: 25