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The Latest Breaking News from Shanghai

China should set clear rules for due diligence sector amid probes - US business lobby

The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations into U.S. due diligence and consulting firms in China and urged authorities to provide more guidance for the sector.

Reuters

China targets foreign consulting companies in anti-spying raids

State media report suggests growing suspicions of firms involved in due diligence and business research industries

The Guardian - AU

Chinese scour Thailand for homes, looking to offset risks after pandemic

Shanghai resident Daniel Bian drank in the sweeping views over the Thai capital as he lay on a deckchair beside a swimming pool on the 19th floor of a luxury condominium.

Reuters

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Bank of Shanghai Fined $14.3 Million For Forex Violations

State Administration of Foreign Exchange finds series of missteps including unauthorized transactions by branch banks and illegal sales of wealth management produces

Caixin Global

May Day tourism in China reaches pre-Covid levels

SHANGHAI: Tourism in China during the May Day holiday rebounded to pre-Covid levels, as the number of domestic trips rose by 70.8% from a year earlier, government data showed on Wednesday.

Bangkok Post

North American-Spec Tesla Model 3 Spotted At Shanghai Port

The left-hand-drive Model 3 featured a North America-specific license plate bracket at the back and was unloaded next to ship headed for Tacoma, Washington.

InsideEVs

India, Russia reiterate commitment to defence partnership; acknowledge ‘long-lasting’ ties at SCO sidelines

Union Defence Minister Rajnath Singh held a bilateral meeting with the Minister of Defence of Russia Army General Sergei K Shoigu on the sidelines of Shanghai Cooperation Organisation (SCO) Defence Ministers’ meeting in New Delhi on April 28.

The Hindu

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Need to root out terrorism collectively and fix accountability on its supporters: Rajnath tells SCO member states

Defence Ministers of the Shanghai Cooperation Organisation (SCO) on April 28 deliberated on pressing regional security challenges and related issues at a conclave hosted by New Delhi.

The Hindu

China welcomes home Ya Ya the panda after 20 years

Ya Ya the giant panda has landed in Shanghai after departing from the Memphis Zoo in Tennessee, where she spent the past 20 years on loan.

The New Daily

China welcomes Ya Ya the panda home after 20 years abroad

Ya Ya the giant panda has landed in Shanghai after spending the past 20 years in the Memphis Zoo in Tennessee on loan

The Independent UK

Chinese police query Bain's Shanghai office staff - company spokesperson

Chinese police have visited U.S. management consultancy Bain Company's office in Shanghai and questioned staff there, a company spokesperson said on Wednesday without elaborating.

Reuters

China Says Taiwan Publisher Under ‘Security Investigation’

Li was arrested in Shanghai while on a visit to finalize his nationalization as a Taiwanese citizen, according to Taiwanese media.

The News Lens

The 6 Best EVs From Auto Shanghai 2023

Entries from BYD, Xpeng, Polestar, and Mercedes made Auto Shanghai a fruitful show for EV enthusiasts.

Inverse

Tesla Production Sites By Model Assignment, Capacity: April 2023

Tesla officially confirmed that its potential annual output increased to more than 2 million electric vehicles annually.

InsideEVs

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Bangkok Post

EVs unstoppable in China

SHANGHAI: This year’s Shanghai Auto Show signalled the end of the petrol engine era in China, as domestic electric vehicle brands drive change across the indistry and leave foreign companies in the dust, analysts and industry insiders say.

Wallpaper

Auto Shanghai 2023 concept cars: future mobility takes on bold new forms

Our pick of Auto Shanghai 2023 concept cars, as Lancia, Nissan, Citroën and Toyota brought their conceptual EV visions to the revitalised Chinese show

InsideEVs

BYD Seagull EV Priced From $11,400, Gets 10,000 Orders On First Day

BYD received 10,000 pre-orders in the first 24 hours after the Seagull made its world debut at the Auto Shanghai 2023 press conference.

Fortune

BMW apologizes for ice-cream incident at Shanghai Auto Show

Social media users accused the carmaker of discrimination, with one hashtag attracting millions of views on Twitter-like platform Weibo.

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 1.95% on Friday

Shenzhen Component Index closed down 2.28%

Motor1

Mini Apologizes For The Ice Cream Fiasco At Shanghai Auto Show

The incident sparked an uproar backed by pictures, videos, and angry comments.

Caixin Global

Former Shanghai Electric Chief Tried for Taking $22.6 Million in Bribes

Zheng Jianhua accused of embezzlement, abuse of power and accepting bribes over 18 years

Motor1

Lamborghini Revuelto Makes Car Show Debut At Auto Shanghai 2023

The electrified supercar shares the spotlight with the Huracan Tecnica and Urus Performante.

Caixin Global

Shanghai Composite Index Fell 0.09% on Thursday

Shenzhen Component Index closed down 0.37%

The Japan News/Yomiuri

Japan automakers unveil new EVs at Shanghai auto show

SHANGHAI -- The buzz at Auto Shanghai when it opened Tuesday was the slew of electric vehicles being showcased.

Motor1

2023 BMW X1, iX1 Long Wheelbase Quietly Debut In Shanghai

Offered only in China, the smallest BMW SUV is a few inches longer than its global counterparts.

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