Yicai Global

Yicai Global serves as the English-language news division of Yicai (yicai.com), which is the foremost financial news organization located in Shanghai, China.

International

English

Online/Digital

Outlet metrics

Domain Authority

Ranking

Global

#394277

United States

#406205

Finance/Finance

#4380

Traffic sources

Monthly visitors

Articles

Chinese Auto Parts Firm Huaxiang Gains on AgiBot Tie-Up for Humanoid Robot Base

6 days ago | yicaiglobal.com | Tang Shihua

(Yicai) May 9 -- Shares of Huaxiang Electronic briefly surged after the Chinese auto parts manufacturer announced plans to partner with firms including Zhiyuan Robotics, also known as AgiBot, to establish a humanoid robot production facility. Huaxiang [SHE: 002048] closed 0.4 percent lower at CNY16.98 (USD2.40) in Shenzhen today after rising as much as 7.9 percent at the open.
China’s Migrant Worker Population Is Aging, With Almost One Third Older Than 50, Report Says

6 days ago | yicaiglobal.com | Tong Xin |Zhang Yushuo

(Yicai) May 9 -- China’s migrant workers are getting noticeably older, with nearly a third now over 50 years' old, as the country’s population ages in general and as many of the younger generation choose different career paths, according to a recent report.
China's JCHX Secures Local Support to Take Control of Alacrán Copper Mine in Colombia

6 days ago | yicaiglobal.com | Tang Shihua

(Yicai) May 9 -- Chinese mining manager JCHX Mining Management has secured local backing to take full control of CMH Colombia, the owner of the Alacrán Project, a major copper-gold-silver deposit in Colombia. JCHX intends to acquire the remaining 50 percent stake in CMH through its Swiss subsidiary, Veritas Resources, at an estimated price of USD108 million to USD128 million, the Beijing-based company announced yesterday.
SAIC’s Xiangdao Closes Largest Fundraiser in Chinese Mobility Field in Three Years

6 days ago | yicaiglobal.com | Dou Shicong

(Yicai) May 9 -- Xiangdao Chuxing, the mobility arm of Chinese automotive giant SAIC Motor, has secured over CNY1.3 billion (USD179.4 million) in its latest fundraiser, the largest in the Chinese mobility industry in the past three years. SAIC, industrial funds, and local government institutions participated in the Series C financing round, the Shanghai-based firm announced today.
Beijing to Host 2025 World Humanoid Robot Games in August

6 days ago | yicaiglobal.com | Tang Shihua

(Yicai) May 9 -- Beijing will host the 2025 World Humanoid Robot Games in August, with the event aiming to highlight robot application technology's diversity, innovation, and practicability. The competition will be held at the Beijing National Stadium and the National Speed Skating Oval from Aug. 15 to 17, local officials announced on May 7. It will include 19 events in three game categories: competitive, show, and scene-based.
Chinese Firms' Overseas M&As Surge 77% to USD8.9 Billion in First Quarter, Report Says

6 days ago | yicaiglobal.com | Zhang Yushuo

(Yicai) May 9 -- International mergers and acquisitions by Chinese companies soared 77 percent by value in the first quarter to USD8.9 billion, with a significant jump in large transactions, according to a new report. M&As in the technology, media, and telecommunications, consumer goods, and real estate, hospitality, and construction industries made up 69 percent of the total, accounting firm Ernst & Young Global said in a report released yesterday.
SMIC's Shares Drop Despite Chinese Chip Giant's First-Quarter Profit Surging 162%

6 days ago | yicaiglobal.com | Xu Wei

(Yicai) May 9 -- Shares of Semiconductor Manufacturing International Corporation dropped despite China's leading chipmaker saying net profit soared 162 percent in the first quarter from a year earlier, thanks to a jump in wafer sales and improved product mix. SMIC [SHA: 688981] fell 4.4 percent to CNY86.06 (USD11.99) a share as of 11.20 a.m. in Shanghai today. Its Hong Kong-listed stock [HKG: 0981] tumbled 6.8 percent to HKD42.10 (USD5.42).
Roche to Invest USD276 Million to Build Its Second Drug Plant in Shanghai

6 days ago | yicaiglobal.com | Dou Shicong

(Yicai) May 9 -- Switzerland's Roche plans to invest CNY2 billion (USD276.4 million) to build its second Chinese biopharmaceutical production base in Shanghai, expanding its local innovative drug capacity. The facility, located in the Zhangjiang Hi-Tech Park in Shanghai's Pudong New Area like Roche's first one, will produce Vabysmo eye injection once it becomes operational in 2031, the Basel-based firm announced on WeChat yesterday. Construction is expected to be completed in 2029.
Chinese Drugmaker BeiGene Turns Its First Quarterly Profit Thanks to Global Sales Surge

1 week ago | yicaiglobal.com | Lin Zhiyin

(Yicai) May 8 -- Chinese biopharmaceutical giant BeiGene has reported its first-ever quarterly profit under US Generally Accepted Accounting Principles thanks to robust worldwide sales of its two core cancer drugs and tighter cost controls. Beigene raked in GAAP net profit of USD1.27 million in the first quarter, according to the Beijing-based firm’s latest earnings report.
Topsports Gains on Exclusive China Rights to Norwegian Outdoor Brand Norrøna

1 week ago | yicaiglobal.com | Dou Shicong

(Yicai) May 8 -- Shares of Topsports International Holdings rose after China’s largest sportswear retailer secured the exclusive regional rights to sell products from Norrøna, a premium Norwegian outdoor brand. Topsports [HKG: 6110] closed 2.2 percent higher at HKD3.22 (US 40 cents) in Hong Kong today, after climbing as much as 3.2 percent during intraday trading. The increase brought its market capitalization to around HKD20 billion (USD2.6 billion).