Author: Sophia Lin

Apple [AAPL:US] is in early-stage talks with two Chinese electric vehicle (EV) battery manufacturers, Contemporary Amperex Technology (CATL) [300750:CH] and BYD [1211:HK], about battery supply for its future Apple Car, according to Reuters on June 8, citing people familiar with the matter. It remained unclear whether...

China Three Gorges Renewables [600905:CH] (CTG Renewables), a unit of state-owned clean energy group China Three Gorges (CTG), completed its IPO subscriptions and raised RMB22.7bn (USD3.55bn), as reported by Caixin on June 2. Later, the company will go public on the Shanghai Stock Exchange. This...

China’s State Administration for Market Regulation (SAMR) imposed a fine of RMB36.5m (USD5.7m) in total on 15 educational companies across the country, as reported by Xinhuanet on June 1. The 15 institutions include New Oriental [EDU:US], TAL Education’s [TAL:US] Xueersi Online School, Wallstreet English, Alibaba-backed [BABA:US]...

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