The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas. China-based firms now will have more clarity regarding whether they can list overseas in the USA. The CSRC’s rules do not ban the Variable…
Apple and Amazon surprisingly recorded the biggest loss in market cap in 2022. Apple lost $846.34 billion and Amazon shed $834.06 billion in value. Market cap is a measure of the overall value of all of a company’s stock. The value lost by both the companies dwarfs the overall size of the other household technology…
Tesla has promoted its China chief Tom Zhu to take oversight of its U.S. assembly plants and sales operations in Europe and North America. Zhu’s position of vice president for Greater China remains unchanged as he retained his roles as Tesla’s senior-most executive for sales in the Asia as of 3rd January. This move makes…
