Charleston Lim
Writer
The Latest
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Wanda Film Pushing Ahead With Expansion Plans As China Reopens
Wanda Film is pushing ahead with its plans to build between 50 and 70 new movie theaters by the end of the year. 
Wanda Film is pushing ahead with its plans to build between 50 and 70 new movie theaters by the end of the year. -
PNC Financial Services Group Offloads Entire $17 Billion BlackRock Stake
PNC is selling its entire 22 percent stake in BlackRock, estimated to be worth $17 billion, through a public secondary offering. 
PNC is selling its entire 22 percent stake in BlackRock, estimated to be worth $17 billion, through a public secondary offering. -
Nissin Food Reports Massive Revenue Surge In China For First Quarter
Nissin's Chinese unit reported an 11 percent surge in revenues in Hong Kong and a 10.3 percent surge in revenues in mainland China for the first quarter. 
Nissin's Chinese unit reported an 11 percent surge in revenues in Hong Kong and a 10.3 percent surge in revenues in mainland China for the first quarter. -
Marriott International Misses Already Low Earnings Estimates For First Quarter
Marriot believes that April may have been its bottom as it is already seeing an uptick in its business, particularly in Greater China. 
Marriot believes that April may have been its bottom as it is already seeing an uptick in its business, particularly in Greater China. -
Hyatt Announces Mass Layoffs To Secure Finances Amid Demand Slump
Hyatt announced on Monday that it will be letting go of more than 1,300 employees starting in June. 
Hyatt announced on Monday that it will be letting go of more than 1,300 employees starting in June. -
Ericsson Upgrades 5G Subscription Forecasts Amid Ongoing Pandemic
Swedish telecom firm Ericsson increased its initial forecast by about 2.6 billion subscribers, stating that the pandemic has brought about a shift in usage behaviors that will likely continue. 
Swedish telecom firm Ericsson increased its initial forecast by about 2.6 billion subscribers, stating that the pandemic has brought about a shift in usage behaviors that will likely continue. -
UBS Seeking Digital Banking License In China To Accelerate Growth
UBS has applied for a nationwide, majority-owned digital bank license in China with the goal of launching its own digital banking platform once it is granted. 
UBS has applied for a nationwide, majority-owned digital bank license in China with the goal of launching its own digital banking platform once it is granted. -
Sinopec Establishes Largest Mask Material Production Supply Chain
Through its subsidiaries and its joint venture partners, Sinopec expects to produce up to 37 tons of melt-blown non-woven fabric per day, the core filtering material used in facial masks. 
Through its subsidiaries and its joint venture partners, Sinopec expects to produce up to 37 tons of melt-blown non-woven fabric per day, the core filtering material used in facial masks. -
Saudi Aramco To Review SABIC Acquisition Following Oil Price Slump
Saudi Aramco is reportedly conducting a purchase price review of its planned 70 percent stake acquisition of SABIC following the massive drop in the company's market valuation. 
Saudi Aramco is reportedly conducting a purchase price review of its planned 70 percent stake acquisition of SABIC following the massive drop in the company's market valuation. -
Popeyes To Launch Flagship Restaurant In Shanghai Next Week
Popeyes China's 470 square meter-flagship restaurant, located in Huaihai Road in Shanghai, is set to open next week. 
Popeyes China's 470 square meter-flagship restaurant, located in Huaihai Road in Shanghai, is set to open next week.
