Browsing Tag
Shanghai
45 posts
China blocks SoftBank’s acquisition of ABB Robotics business in China
Chinese authorities have prohibited SoftBank Group from acquiring ABB's robotics operations in China, disrupting a $5.375 billion global transaction agreed in October 2025. The companies remain in discussions over the wider deal, but the decision exposes the difficulty of acquiring strategically important industrial technology across jurisdictions with competing national security priorities.
Bilibili users reach 117m a day as advertising becomes its largest revenue business
Bilibili Q2 profit jumped 55% as advertising revenue surged 28%, users spent 113 minutes daily and gross margin improved again.
A.P. Møller – Mærsk sees stronger 2026 cash flow as port congestion drives shipping rates higher
A.P. Møller - Mærsk raised 2026 profit guidance after Q2 EBITDA hit $3 billion. See how freight rates and congestion are driving earnings.
Typhoon Dolphin floods eastern China after more than 1m people evacuated
Typhoon Dolphin floods eastern China after more than 1 million evacuations, grounding flights and raising river and landslide risks.
Typhoon Dolphin hits eastern China as more than one million evacuate and Shanghai cancels 1,500 flights
Typhoon Dolphin has made landfall in Zhejiang as the strongest tropical cyclone to strike China this year, forcing more than one million people to evacuate and triggering severe flood and landslide warnings across eastern China.
China challenges US AI dominance with open-source technology and new global body
China is offering open AI and training to the Global South while United States curbs tighten. Shanghai has become the battleground for global standards.
ADNOC L&S (ADX: ADNOCLS) is spending $225m per ship. Will 2029 charters justify the price?
ADNOC L&S orders four LNG carriers for $900 million, betting 2029 demand and long-term charters will support fleet growth despite vessel oversupply risk.
Typhoon Bavi hits eastern China after 2.8 million evacuate as flood threat moves inland
Typhoon Bavi has struck eastern China twice, triggering the evacuation of more than 2.8 million people and disrupting thousands of flights and train services as authorities prepare for several days of flooding far beyond the Zhejiang coast.
Everest Medicines closes $1.14bn Travere deal for rare kidney disease drug
Everest Medicines closes its $1.14 billion Travere deal for civorebrutinib. Read how the BTK licence reshapes 1952.HK, TVTX and rare kidney strategy.
CXMT secures reported $3bn Tencent memory deal ahead of major China IPO
CXMT has reportedly secured a $2.94 billion Tencent memory deal before its major China IPO. Discover what it means for AI chips and global suppliers.