Bloomberg Business

Anta Sports Drops After $1.5 Billion Placement at 8.8% Discount

Anta Sports Products Ltd., a Chinese developer of sportswear, declined the most in six months after raising about HK$11.8 billion ($1.5 billion) through a top-up placement in Hong Kong, completing the city’s largest additional share sale since October 2021.

Shanghai Show Latest: EV Face-Off as Automakers Tout Features

China’s biggest auto show has returned after last year’s Covid-hiatus, with international carmakers showcasing their latest models and technology to counter the rise of domestic manufacturers like BYD Co., Nio Inc. and Xpeng Inc.

EU Calls for Coherent China Stance After Macron Sowed Doubts

European Commission President Ursula von der Leyen called on the European Union to maintain a common position toward China after French President Emmanuel Macron sparked outrage by suggesting that the bloc should avoid being dragged into a dispute with Beijing by the US.

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