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The Latest Breaking News from Shanghai

Micron To Shut Shanghai DRAM Design Operations, Relocate Engineers: Report

U.S. memory chip giant Micron Technology Inc (NASDAQ:MU) has confirmed it will close its DRAM design operations in Shanghai by 2022 end, SCMP reports. Micron looks to ask ~150 Chinese engineers to relocate to the U.S. or India. Micron, which employs about 43,000 people globally, did not provide a reason for the decision.…

Shanghai Composite Index Rose 0.66% on Wednesday

Shanghai Composite Index Rose 0.66% on Wednesday

Shenzhen Component Index closed up 0.7%

After Major Rebrew, Is Luckin Seeking To Re-list In New York?

After Major Rebrew, Is Luckin Seeking To Re-list In New York?

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Tencent-Backed Car Maintenance Startup Eyes Hong Kong Listing

Shanghai-based Tuhu is looking to build up capacity amid growing demand in the world’s largest auto market

Tesla's Fremont Is The Most Productive Car Plant In North America

The Fremont factory built 444,600 cars in 2021 but got surpassed by Giga Shanghai, which tripled its output last year to nearly 486,000 units.

Inside Oscar's five years in China as Barcelona launch bid for ex-Chelsea star

Former Chelsea star Oscar could be set to return to Europe as Spanish giants Barcelona plot a surprise swoop for the Brazilian star - who is the fifth-highest earner in football

Euro Tech Appoints David YL Leung As CEO

Euro Tech Holdings Co Ltd (NASDAQ:CLWT) has appointed board member David YL Leung as its Chief Executive Officer, effective February 1, 2022. TC Leung, the current CEO, will continue to serve as the Chairman of the board. The company noted that the transition of the CEO position had been planned for some time.…

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Read Why MoffettNathanson Slashed Walt Disney Price Target By 6%

Read Why MoffettNathanson Slashed Walt Disney Price Target By 6%

MoffettNathanson analyst Michael Nathanson lowered the price target on Walt Disney Co (NYSE:DIS) to $165 from $175 and reiterated a Neutral rating on the shares. The price target implies an upside of 8%. Nathanson's FY22 free cash flow estimate of $1.9 billion after the Shanghai adjustment is "a significant decrease" of over 60% from his…

Shanghai Composite Index Rose 0.8% on Tuesday

Shanghai Composite Index Rose 0.8% on Tuesday

Shenzhen Component Index closed up 0.19%

Shanghai Composite Index Rose 0.58% on Monday

Shanghai Composite Index Rose 0.58% on Monday

Shenzhen Component Index closed up 1.51%

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