Innovation board attractive to foreign investors

SHANGHAI Stock Exchange’s sci-tech innovation board, also known as the STAR market, has become increasingly appealing to foreign investors, data from the board shows.

So far, nearly 90% of the board’s stocks that are under the STAR market connectivity mechanism have been included in MSCI, FTSE Russell and S&P Dow Jones, and the number keeps rising, statistics from the board showed. Foreign institutions are snapping up stocks on the STAR market, as the international investors’ position in the board took up nearly 5% of the total by the end of 2021.

Tesla ships more cars from Shanghai Gigafactory

A SHIP loaded with more than 4,000 electric cars produced by U.S. automaker Tesla’s Shanghai Gigafactory left a Shanghai port for Belgium on Sunday.

This is the second export shipment of Tesla cars from Shanghai since the factory resumed production April 19 and comes five days after the first batch of vehicles left for Slovenia, according to Shanghai Customs. Shanghai customs said it has established a communication channel with Tesla to coordinate customs services online and help speed up the delivery of orders.

Mobile game developers top global revenue list

A TOTAL of 38 Chinese game publishers made their way onto the April list of the top 100 global mobile game publishers in terms of revenue, according to mobile app data analysis firm Sensor Tower.

Last month, the 38 Chinese game developers garnered over US$2.3 billion worldwide, taking up 41.8% of the total revenue generated by the top 100 firms on the Apple App Store and Google Play, data from Sensor Tower showed. Tencent took the top spot among all Chinese game publishers for revenue generated during the period, followed by NetEase and miHoYo.

Domestic auto brands see sales growth

DOMESTIC car brands recorded an increase in sales in the first four months of this year, industry data shows.

More than 3 million Chinese-brand passenger cars were sold in the January-April period, up 9.8% from a year earlier, according to the China Association of Automobile Manufacturers. The brands had a 47.6% share of the domestic passenger car market during the period, up 6 percentage points year on year. Sales of sedans and SUVs grew 34.3% and 3%, respectively.