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22.12.25 - 05:36
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Chinese AI chipmaker Biren kicks off bookbuilding for US$624 million Hong Kong IPO (SCMP)
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Shanghai Biren Technology has started bookbuilding for its Hong Kong initial public offering (IPO), aiming to raise up to HK$4.85 billion (US$624 million), as Chinese chipmakers rush to list amid rising investor interest.
Biren, the mainland's first graphics processing unit (GPU) developer to go public in Hong Kong, will start trading on January 2 – becoming the first new listing of 2026. The firm was offering 247.7 million shares between HK$17 and HK$19.60 each, according to its exchange filing......
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22.12.25 - 02:48
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Kimchi, made in China: how South Korea′s national dish is being priced out at home (The Guardian)
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In the first 10 months of this year, South Korea imported $159m worth of kimchi, almost entirely from China, while exporting $137mThe pungent scent of red chilli powder hangs in the air at Kim Chieun's kimchi factory in Incheon, about 30km west of Seoul. Inside, salted cabbage soaks in large metal vats in the first stage of a process that Kim has followed for more than 30 years.But watching over the production line has become increasingly fraught. South Korea imports more kimchi than it exports, and the gap has widened as cheaper Chinese-made products take hold in the domestic market. Continue reading......
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22.12.25 - 02:24
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China Stock Market May See Continued Strength (AFX)
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BEIJING (dpa-AFX) - The China stock market has moved higher in three straight sessions, advancing more than 65 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above......
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22.12.25 - 01:36
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From swoosh to local: Nike loses ground in China as domestic rivals start to sprint (SCMP)
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Alex Chen – a Beijing office worker in his late 30s – used to buy his trainers the way plenty of Chinese millennials did: by the swoosh, the stripes and the logo.
As a teenager, he would hunt down Nike and Adidas basketball shoes, pulled in as much by the mythology as the materials. These days, he said, he shops differently.
“I have always been a huge basketball fan of Michael Jordan and Kobe Bryant,” he said. “Back then, I would specifically seek out Nike and Adidas basketball shoes – wearing a......
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