Financial institutions extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, nearly tripling April's tally, according to People's Bank of China data

The China Securities Regulatory Commission criticised Everbright Securities, CITIC Securities, Haitong Securities and China International Capital Corporation

The expansion follows $2.5 billion in venture capital investment the company received in 2021, making it the startup that collected the most VC funding within one round

Thiam's Freedom Acquisition I Corporation has parted ways with Pimco, which offloaded its stake to Next G, an affiliate of Zeng’s advisory firm China Bridge Capital

Authorities have ordered tests for all residents in 15 of Shanghai's 16 districts this weekend, with five districts barring residents from leaving their homes

The bridge across the Amur river is just over one kilometre long and cost 19 billion roubles ($342 million), Russia's RIA news agency reported

Shanghai rebounded after exiting a two-month lockdown, with all of the 36 lots on sale sold in China's biggest city by economic output

Tesla also said Oracle co-founder Larry Ellison, a friend of chief executive Elon Musk, will not stand for re-election to the electric vehicle manufacturer's board

May sales in China of NEVs rose 49.6% month-on-month despite a 12% fall in overall car purchases, as officials rolled out stimulus to support a market hit by the country's Covid-19 lockdowns.

The EV maker has set a target of 71,000 cars at its Shanghai plant for June. Added with 44,301 units produced in April and May, that would be about a third less than its first-quarter output

Online beauty products retailer Purplle has become the latest Indian startup to become a "unicorn" after being valued at $1.1 billion, Deal Street Asia reported

The company said in a statement it expects to resume production and transport of copper concentrate at the Las Bambas open-pit mine from Saturday