Charleston Lim
Writer
The Latest
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First Day Of Shopping Festival In Shanghai Brought In $2.2 Billion In Sales
Shanghai's Double Five Shopping Festival brought over 15.6 billion in offline and online sales during the first 24 hours. 
Shanghai's Double Five Shopping Festival brought over 15.6 billion in offline and online sales during the first 24 hours. -
HSBC Wants Singapore-Based Oil Trader Placed Under Judicial Management
HSBC submitted an application to a Singapore High Court, asking it to pace ZenRock Commodities under judicial management. 
HSBC submitted an application to a Singapore High Court, asking it to pace ZenRock Commodities under judicial management. -
GM Reports 87 Percent Drop In Net Profits For The First Quarter
GM's North American operations, which had earnings of about $2.2 billion, managed to offset the $551 million loss reported by its international units for the quarter. 
GM's North American operations, which had earnings of about $2.2 billion, managed to offset the $551 million loss reported by its international units for the quarter. -
Chinese Chipmaker SMIC Aiming To Raise $3 Billion In Shanghai Share Listing
SMIC plans to list as much as 1.69 billion new shares in Shanghai, which could net it around $3 billion. 
SMIC plans to list as much as 1.69 billion new shares in Shanghai, which could net it around $3 billion. -
Alibaba Buys 50 Percent Stake In Singapore's AXA Tower
Alibaba's e-commerce unit in Southeast Asia, Lazada, already occupies about 15 percent of AXA Tower, which it plans to redevelop after the stake purchase is completed. 
Alibaba's e-commerce unit in Southeast Asia, Lazada, already occupies about 15 percent of AXA Tower, which it plans to redevelop after the stake purchase is completed. -
Wendy's Restaurants Run Out Of Beef Amid Supply And Processing Disruptions
Around 1,043 Wendy's restaurants, or 18 percent of its US outlets, have listed beef items as out of stock. 
Around 1,043 Wendy's restaurants, or 18 percent of its US outlets, have listed beef items as out of stock. -
Country Garden Banking On Livestreaming Promotion To Boost Home Sales
Country Garden will be offering more than 10,000 new homes across 60 cities with discounts of up to 50 percent during its livestreaming promotions. 
Country Garden will be offering more than 10,000 new homes across 60 cities with discounts of up to 50 percent during its livestreaming promotions. -
Chinese Software Firm Kingsoft Cloud To Push NASDAQ IPO Despite Tensions
Chinese cloud storage company Kingsoft Cloud will reportedly push ahead with its planned IPO in the US despite the rising tensions and the increased scrutiny on US-listed Chinese firms. 
Chinese cloud storage company Kingsoft Cloud will reportedly push ahead with its planned IPO in the US despite the rising tensions and the increased scrutiny on US-listed Chinese firms. -
China Domestic Tourism Surges During Labor Day Holidays
Domestic tourism revenues during the extended holidays reached an average of 10.81 billion yuan per day as people flocked to local travel destinations. 
Domestic tourism revenues during the extended holidays reached an average of 10.81 billion yuan per day as people flocked to local travel destinations. -
3M Wins Injunction Against Seller Inflating Prices Of Its Masks
US District Judge Loretta Preska ruled in favor of 3M's injunction against Performance Supply LLC, which it found was selling its N95 masks at five times its listed price. 
US District Judge Loretta Preska ruled in favor of 3M's injunction against Performance Supply LLC, which it found was selling its N95 masks at five times its listed price.
