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
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.

Financial Times

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