Top news of the week: 25.11.2022.
FTX customers in mainland China make up 8 per cent of total, a court filing shows, defying Beijing’s crypto ban
A breakdown by country shows FTX had more customers in mainland China than in Hong Kong, where it was previously based, and the US.
Chinese EV maker WM Motor reportedly cuts salaries to stay afloat
Chinese electric vehicle maker WM Motor is reportedly planning a 50% pay cut for senior executives, while junior workers will also see a 30% cut in the
Bosch opens new software hub in Shanghai for automated driving
German auto parts supplier Bosch said on Tuesday it has inaugurated a new software hub in Shanghai, China, its third innovation center dedicated to the
Investors shouldn’t consider China ‘risky terrain’ as mainland economy will bounce back after Covid-19, AllianzGI CEO says
Investors shouldn’t see China as ‘risky terrain’, and now is the time to make a long-term investment there, says the head of AllianzGI, one of Europe’s biggest asset managers.
Anne Hathaway backs Pact, an all-women led VC for mission-driven startups, from West to East
Pact is a new Seed VC fund launched with a £30 million ($36 million) pot of cash to back early-stage startups across Europe. Pact will aim at ‘mission driven’ startups in what it calls the ...
Chinese EV Startup Cuts Salaries Amid Ballooning Losses, Sources Say
Chinese EV Startup Cuts Salaries Amid Ballooning Losses, Sources Say - WM Motor is slashing management pay in half and trimming a third from staff wage packets as a part of a broader ...
Chinese tech celebrity-founded AR startup secured $50 million in angel funding
Thin Red Line, an AR startup founded by Chinese tech celebrity Luo Yonghao, secured $50 million in angel funding, its official Weibo account posted on
Hydrogen Fuel Cell Startup SinoSynergy Applies for Hong Kong IPO
SinoSynergy, a hydrogen fuel cell company based in China's eastern Zhejiang province, on November 22 submitted a listing application to the Hong Kong Stock Exchange, with Huatai Financial ...