A Beijing court said on Friday the wealth manager had applied for bankruptcy on the grounds it could not pay its due debts and its assets were insufficient to pay all its debts
Members of a Congress panel have asked the venture capital firm if its split into three new entities will stop US investment in tech firms helping the Chinese military or aiding rights abuses
Official data on Friday showed industrial output rose by 4.5% in August, while retail sales were up by a similar amount, but analysts say serious property easing is needed to deliver a real recovery
A record 38 QDII funds had been launched this year for Chinese investors seeking exposure to foreign assets
Zhongzhi Enterprise Group, which manages over $137 billion in assets, has hired a top accounting firm to help it deal with a liquidity crisis. Its Zhongrong Trust has stopped payments to investors
Temu said on Wednesday it has been the target of "unlawful exclusionary tactics" since its launch in the US, which forced it to take legal measures to defend its rights due to "attacks" from Shein
But the listing is set to be opposed by some US lawmakers over claims the company uses cotton produced by Uyghur forced labour
Millions of migrant workers began flocking to train stations and airports in the country's big cities on Monday for trips to their home towns, despite fears for elderly people in rural areas
EV and hybrid carmaker BYD, which only began making vehicles in 2003, is on target to top the monthly sales chart in China for the first time
Genesis Block says it will be closing down its over-the-counter trading portal on December 10
China's retail sales dropped in October, for the first time in five months, and factory output grew more slowly than expected, new data showed on Tuesday
Tesla recently outlined plans to shift its Chinese stores to lower-cost suburban areas which also offer repairs