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BOOMING: The value of venture capital investment into Chinese semiconductor companies increased 446% in the second quarter compared to the first, to a record $8.9bn, according to data from Preqin. Picture: Bloomberg/Billy H.C. Kwok
Investors are piling into Chinese chip, software and biotech groups at a record pace while paring their bets on e-commerce, as they try to align with Beijing’s policy priorities. President Xi Jinping has led a regulatory assault on internet platforms this year, hitting food delivery, e-commerce, fintech, gaming and education. But the state’s desire to advance technologies such as high-end manufacturing has boosted other companies.
Financial Times
Shipping snarl-ups
The closure of a terminal at the world’s third-busiest container port, Ningbo-Zhoushan, is only the latest sign that the turmoil in ocean shipping could run into next year. Importers and exporters are fighting to recoup a rise in shipping costs, which have soared to about $15,800 to move a 40ft container from China to the US west coast — a tenfold jump on pre-pandemic levels and up by half on last month, according to data provider Freightos. Chronic delays and soaring costs may leave demand unmet and push up consumer prices.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
GLOBAL MARKETS: Still life in China Inc
Investors are piling into Chinese chip, software and biotech groups at a record pace while paring their bets on e-commerce, as they try to align with Beijing’s policy priorities. President Xi Jinping has led a regulatory assault on internet platforms this year, hitting food delivery, e-commerce, fintech, gaming and education. But the state’s desire to advance technologies such as high-end manufacturing has boosted other companies.
Financial Times
Shipping snarl-ups
The closure of a terminal at the world’s third-busiest container port, Ningbo-Zhoushan, is only the latest sign that the turmoil in ocean shipping could run into next year. Importers and exporters are fighting to recoup a rise in shipping costs, which have soared to about $15,800 to move a 40ft container from China to the US west coast — a tenfold jump on pre-pandemic levels and up by half on last month, according to data provider Freightos. Chronic delays and soaring costs may leave demand unmet and push up consumer prices.
Financial Times
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.