Asia markets live: Stocks mixed

Asia markets live: Stocks mixed

Shanghai urban skyline and the bund, China. Comezora | Moment | Getty Images Asia-Pacific markets were mixed Monday as investors assessed China’s promises to support domestic businesses as well as developments in trade negotiations between the U.S. and countries in the region. Over the weekend, China’s finance minister Lan Fo’an said that the Asian powerhouse…

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China life sciences-focused Dalton Venture expands to Hong Kong, targets new investments

China life sciences-focused Dalton Venture expands to Hong Kong, targets new investments

With dual headquarters in Shanghai and Shenzhen, Dalton Venture will apply for an asset-management licence in Hong Kong next month and expects to start pursuing investments next year after receiving government approval, founding managing partner Steve Sun told the South China Morning Post in an interview on Friday. Dalton Venture aims to seize opportunities brought…

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Tech war: Shanghai chip firm doubles quarterly profit as China expands supply chain role

Tech war: Shanghai chip firm doubles quarterly profit as China expands supply chain role

Chinese semiconductor company Montage Technology reported a sharp surge in revenue and profit in the March quarter, following a significant rise a year earlier, in a sign of the country’s expanding presence in the memory chip segment. The Shanghai-based integrated circuit design firm, which supplies connectors to dynamic random-access memory (DRAM) chips, said in a…

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