Bubble tea brews China’s $650 million mega-IPO
03 July 2021 | 2:27 pm
Chinese bubble tea chain Nayuki edged down on its Hong Kong market debut Wednesday after raising more than US$650 million in an IPO that marked the culmination of a literal labour of love for the co-owners who created the firm on a blind date.
20 Nov 2021
"Spiritual opium" is how the Chinese brand video games. After a tightening of the noose around the industry and rules at the start of the school year that limit screen time for teens to three hours a week, Fortnite has announced that it is folding. Three years on and one billion dollars spent, the popular survival game never got regulatory approval, despite the financial backing of Chinese tech giant Tencent. So what is the matter with Fortnite?
21 Nov 2021
Following the opening ceremony for what was India's biggest-ever IPO, shares in mobile payment giant Paytm lost a quarter of their value.
23 Nov 2021
China said it took the punitive step after self-ruled Taiwan opened a de facto embassy in Lithuania.
22 Nov 2021
Chinese officials ordered some of the country's biggest companies — including Alibaba, Tencent and Baiidu — to pay fines for failing to report corporate acquisitions over the past eight years.
24 Nov 2021
President Joe Biden has invited 109 countries to the virtual summit which will take place on December 9 and 10. China said adding Taiwan to the guest list was a "mistake."
China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods slows?
East Africa has been ramping up efforts to expose its citizens to Chinese culture - particularly through language. In Kenya Mandarin is offered as a selective language in the national curriculum, while in Uganda it’s now a compulsory subject in some schools. But is this simply an exchange of cultures, or is there more to it?
Chinese real estate giant Evergrande, saddled with around $300 billion in debt, has been struggling to meet interest payments on its loans. If it collapses, some of its partner firms could be driven to bankruptcy, prospective homebuyers could lose deposits and some banks would lend less money, which would lead to a credit crunch in the world's second-biggest economy. Property developers in China have in fact created an oversupply: there is enough empty property in the country to house more than 90 million people. FRANCE 24's team reports.
The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
The governing body of women's tennis took the decision after Peng made an allegation of sexual abuse against a Chinese official. WTA chairman Steve Simon said he worried about player safety at tournaments in China.
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
The EU and China have pledged to boost funding of green investment projects in ASEAN. But will these erstwhile partners, whose relations have soured over the past year, be able to work side by side?
50 mins ago
A robotic “sixth finger”, that can be worn on the hand next to the pinky to move like a real finger, has been created by Japanese researchers studying how brains react to new and independent body parts.
50 mins ago
The local paper in Uvalde, Texas publishes its first issue since the shooting that killed 19 children and their teachers: an all-black front page with the date of the massacre. Despite the shooting, US gun lobby the NRA is going forward with its annual convention in Texas this weekend. We also look at reactions in the British papers to the long-awaited Sue Gray report on lockdown parties at Downing Street. Plus, we find out new information on how Covid-19 can change our sense of smell.
2 hours ago
From juggling multiple tasks at once, to working long hours and feeling guilty during their leisure time — excessive and "compulsive" work behavior is found throughout Germany's workforce, a new study has found.
2 hours ago
The Council of the Baltic Sea States, a regional grouping on Russia's doorstep, has come together to condemn the invasion of Ukraine — and present Germany with a new test of leadership.
5 hours ago
Victims groups are furious that UK Prime Minister Boris Johnson refuses to step down despite a damning report on illegal Downing Street parties during the country's strict pandemic lockdowns.
5 hours ago
The killing of 19 children and two teachers in a school shooting in Uvalde has sparked a nationwide debate on gun control. President Biden said the constitutional right to own weapons "is not absolute," and never was.