Bloomberg An online car hailing platform of DiDi Chuxing was fined 340,000 yuan ($53,000) for failing to implement the government’s requirements on coronavirus prevention, the Beijing Municipal Commission of Transport said at a briefing on Sunday. Didi’s drivers were fined a combined 1.07 million yuan for failing to sterilise cars, wear masks or failing to refuse passengers with no masks, ...

Bloomberg Global demand for Chinese goods has been so strong recently it’s creating a shortage of containers and driving up shipping costs, potentially impeding the nation’s exports in coming months. Exports have been on a tear since July last year, fuelled by pandemic-related purchases like medical masks and work-at-home equipment, including computers. Imports haven’t been growing at nearly the same ...

Bloomberg Vedanta Resources launched an open offer for a 10% stake in its India unit, two months after a failed delisting attempt for Vedanta Ltd. The London-based parent of Mumbai-listed Vedanta Ltd will buy as many as 371.75 million shares, comprising 10% of the outstanding equity of the Indian unit, according to an exchange filing. The open offer, which will ...