Shenzhen

Tencent to hand $20 billion Meituan stake to shareholders as sales slip

Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses

India edges out China in creating new unicorns in H1CY22: Hurun report

As many as 147 unicorns worldwide saw their valuations drop in the last six months

China's tech hub Shenzhen to adopt tiered Covid measures on Monday

The city also announced a new round of Covid testing to stamp out the pandemic, after it reported 89 new locally transmitted Covid infections for Sept 3

China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19

The lockdown comes as China narrowly escaped an economic contraction in the June quarter, when a series of rolling lockdowns shut businesses nationwide, eroded employment and hurt consumer spending

Morningstar cuts hundreds of jobs in Shenzhen amid China restructuring

Several hundred people among its 1,000-strong workforce in the southern technology hub have been affected, the Chicago-based financial services company said on Wednesday

China Covid situation worsens, long queues for testing in Shenzhen

Amid the worsening Covid situation in China, a video surfaced on Thursday showing hundreds of people standing in queues to get tested for the virus in the Southern Chinese city of Shenzhen

China records more local Covid cases so far this year than in whole of 2021

China has reported more local symptomatic Covid cases so far this year than it recorded in all of 2021, as the highly transmissible Omicron variant triggers outbreaks from Shanghai to Shenzhen

Foxconn halts Shenzhen operations, adjusts China production on Covid curbs

Major Apple Inc supplier and iPhone assembler Foxconn said on Monday it has suspended operations in the Chinese city of Shenzhen to comply with the local government's COVID-19 control policies

China's Shenzhen gets greater autonomy for next wave of reforms

President Xi Jinping has given Shenzhen greater autonomy for pursuing reforms, praising it for "achieving miracles" while on a visit two years ago to mark the establishment of the country's first econ

Chinese developer Kaisa suspends shares as property debt crisis worsens

The Shenzhen-based homebuilder said it was facing unprecedented liquidity pressure

China halts over 40 IPOs as it investigates law firm and broker

The Shenzhen Stock Exchange suspended more than 30 IPO plans on Aug. 18 slated for its ChiNext board, including a public share sale application from BYD Co's semiconductor business

Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November

Huawei to sell Honor phone unit for $15 billion to Shenzhen government

The all-cash sale will include all assets including brand, research & development capabilities and supply chain management

Huawei to sell smartphone unit for $15 bn to Shenzhen govt, Digital China

The all-cash sale will include almost all assets including brand, research & development capabilities and supply chain management

China gives Shenzhen more autonomy for market reform and integration

The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration

Shenzhen opens stock market up to the world, is little noticed

The link between the southern technology hub of Shenzhen and Hong Kong had been expected ever since a channel with Shanghai started in Nov 2014