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Tag:

shanghai

  • Police Blotter

    CBP issues Withhold Release Order on Shanghai Select Safety Products and its subsidiaries

    by Dinesh Patel April 11, 2024
    by Dinesh Patel April 11, 2024

    WASHINGTON — Effective today, U.S. Customs and Border Protection (CBP) personnel at all U.S. ports of entry will detain work gloves manufactured by Shanghai Select Safety Products Company, Limited and …

  • MIsc. News

    Grifols says Haier Group still OK to buy stake in Shanghai RAAS

    by Reuters January 14, 2024
    by Reuters January 14, 2024

    BARCELONA (Reuters) – Spanish pharma company Grifols said on Sunday evening Chinese home appliance maker Haier Group still plans to close the acquisition of a 20% stake in Shanghai RAAS …

  • MIsc. News

    Disney to open first Zootopia-themed attraction in Shanghai

    by Reuters December 19, 2023
    by Reuters December 19, 2023

    By Casey Hall SHANGHAI (Reuters) – Shanghai Disney Resort will open a Zootopia-themed attraction to the public on Wednesday aiming to capitalise on a post-pandemic desire for travel and experiences …

  • MIsc. News

    Shanghai wants Microsoft to promote AI tech in city – govt

    by Reuters December 5, 2023
    by Reuters December 5, 2023

    BEIJING (Reuters) – Shanghai authorities told Microsoft’s visiting president on Tuesday they want his company to promote artificial intelligence technology to boost businesses there, the Chinese financial hub’s government said. …

  • MIsc. News

    China launches social security fund-backed $707 million investment fund in Shanghai

    by Reuters November 22, 2023
    by Reuters November 22, 2023

    BEIJING (Reuters) – An investment fund backed by China’s National Social Security Fund was launched in Shanghai, with a size of 5.1 billion yuan ($707.24 million) for its first phase, …

  • Business News

    Shanghai stock exchange probes Zhejiang King after its public listing halt

    by Reuters October 7, 2023
    by Reuters October 7, 2023

    BEIJING (Reuters) – The Shanghai Stock Exchange said it will probe Zhejiang King Co Ltd after the Chinese maker of air conditioners halted its initial public offering (IPO) amid media …

  • Business News

    Tesla signs lease to open vast sales and service centre in Shanghai industrial park

    by Reuters October 7, 2023
    by Reuters October 7, 2023

    SHANGHAI (Reuters) – Tesla has signed a leasing contract with Shanghai Waigaoqiao Free Trade Zone Group to open a massive sales and service centre in an industrial park in the …

  • Business News

    Norway’s wealth fund to close China office

    by Reuters September 7, 2023
    by Reuters September 7, 2023

    By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office in China, it said on …

  • Business News

    China’s Beijing, Shanghai ease mortgage rules for first-time home buyers

    by Reuters September 1, 2023
    by Reuters September 1, 2023

    BEIJING (Reuters) -China’s Beijing and Shanghai on Friday announced that they would allow home buyers to enjoy preferential loans for first-home purchases regardless of their previous credit records. The capital …

  • Business News

    Shanghai Exchange urges bankers to closely vet Chinese medical firms IPOs – sources

    by Reuters August 14, 2023
    by Reuters August 14, 2023

    SHANGHAI (Reuters) – The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) …

  • Business News

    Tesla’s Shanghai factory workers welcome bonus increase after record deliveries

    by Reuters July 14, 2023
    by Reuters July 14, 2023

    SHANGHAI (Reuters) – Several workers at Tesla’s Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonuses. …

  • Business News

    Shanghai regulators summon Starbucks, Shake Shack citing excessive personal data collection

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    BEIJING (Reuters) – Chinese regulators in financial hub Shanghai summoned three firms including Starbucks and Shake Shack earlier this week for collecting excessive personal information, the city’s cyberspace regulator said …

  • Business News

    Fisker to open first delivery centre in Shanghai this year – Yicai

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    BEIJING (Reuters) – Electric-vehicle (EV) startup Fisker is set to open its first delivery centre in China’s financial hub Shanghai this year, Fisker’s China board member Daniel Foa was quoted …

  • Business News

    Grifols shares soar on possible sale of $1.5 billion stake in Shanghai RAAS

    by Reuters June 14, 2023
    by Reuters June 14, 2023

    MADRID (Reuters) – Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake in Shanghai RAAS in a deal that would bring …

  • Business News

    Elon Musk scheduled to visit Tesla’s Shanghai plant on Weds night – sources

    by Reuters May 31, 2023
    by Reuters May 31, 2023

    SHANGHAI (Reuters) – Elon Musk is scheduled to travel to Tesla’s Shanghai factory on Wednesday night to meet with staff there, two sources familiar with the matter said. The Tesla …

  • Business News

    Shanghai invites GM to boost investment, R&D in city

    by Reuters May 24, 2023
    by Reuters May 24, 2023

    SHANGHAI/BEIJING (Reuters) -Shanghai has invited General Motors to boost investment and research and development in the city, the city government said on Wednesday. Shanghai looked forward to General Motors bringing …

  • Business News

    Tesla applies to expand Shanghai plant, add pouch battery cell output

    by Reuters May 16, 2023
    by Reuters May 16, 2023

    (Reuters) – Tesla Inc has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers. An …

  • Business News

    Chinese police query Bain’s Shanghai office staff – company spokesperson

    by Reuters April 26, 2023
    by Reuters April 26, 2023

    (Reuters) -Chinese police have visited U.S. management consultancy Bain & Company’s office in Shanghai and questioned staff there, a company spokesperson said on Wednesday without elaborating. “We are cooperating as …

  • Business News

    Factbox-Tesla’s Shanghai plant, targeted by worker protest, is key hub for EV maker

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    (Reuters) – Workers from Tesla’s Shanghai factory have taken the unusual step of posting on social media to appeal to Elon Musk and the Chinese public after being told over …

  • Business News

    Tesla sets up new-energy firm in Shanghai with $2 million registered capital -Tianyancha

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    BEIJING (Reuters) – Tesla Inc has set up a new-energy company in Shanghai with registered capital of $2 million, according to Tianyancha, a company information data provider. (Reporting by Beijing …

  • Business News

    Shanghai targets 5% growth in property investment in 2023

    by Reuters March 24, 2023
    by Reuters March 24, 2023

    BEIJING (Reuters) – China’s financial hub Shanghai has a goal of 5% growth in property investment in 2023, the city’s house management bureau said on Friday, after investment in the …

  • Business News

    Exclusive-Tesla to raise Shanghai output after price cuts stoke demand -memo

    by Reuters February 1, 2023
    by Reuters February 1, 2023

    SHANGHAI (Reuters) – Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, …

  • Business News

    China’s COVID surge hits Beijing trading floors, Shanghai finance hub

    by Reuters December 19, 2022
    by Reuters December 19, 2022

    SHANGHAI (Reuters) – COVID-19 is sweeping through trading floors in Beijing and spreading fast in the financial hub of Shanghai, with illness and absence thinning already light trade and forcing …

  • Business News

    Tesla to shorten Shanghai shifts, delay hiring – Bloomberg News

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – Tesla Inc will shorten shift hours at its Shanghai factory and has delayed on-boarding of new staff at its most productive plant, according to a report by Bloomberg …

  • Business News

    Tesla China denies media reports of output cut at Shanghai plant

    by Reuters December 5, 2022
    by Reuters December 5, 2022

    SHANGHAI (Reuters) – Tesla on Monday said media reports which said its plant in Shanghai would cut December output of its Model Y were “untrue”. Reuters on Monday reported Model …

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