Daniel Ren

Daniel Ren is the Post's Shanghai bureau chief. A Shanghai native, Daniel joined the Post in 2007 as a business reporter.
Daniel Ren
Daniel Ren is the Post's Shanghai bureau chief. A Shanghai native, Daniel joined the Post in 2007 as a business reporter.

Latest from Daniel Ren

Shanghai tapping upcoming artificial intelligence conference to woo foreign AI investment amid trade-war slump

Nearly 300 companies – including Tesla, IBM and Microsoft – plan to attend the AI conference and display their latest technology, according to a Shanghai official.

23 Aug 2019 - 10:39PM

Nearly 300 companies – including Tesla, IBM and Microsoft – plan to attend the AI conference and display their latest technology, according to a Shanghai official.

Shanghai tapping upcoming artificial intelligence conference to woo foreign AI investment amid trade-war slump
Taiwan M&A activity hits 15-year low as US-China trade war rocks business climate

Ongoing trade tension between the world’s two largest economies and a global economic slowdown have worsened investment sentiment, according to data provider Dealogic.

22 Aug 2019 - 10:21PM

Ongoing trade tension between the world’s two largest economies and a global economic slowdown have worsened investment sentiment, according to data provider Dealogic.

Taiwan M&A activity hits 15-year low as US-China trade war rocks business climate
Shanghai to give foreign workers access to share options for locally-listed firms to attract more funds and talent

Shanghai is stepping up its efforts to become the region’s financial powerhouse at a time protests are putting Hong Kong’s status at risk.

14 Aug 2019 - 8:44PM

Shanghai is stepping up its efforts to become the region’s financial powerhouse at a time protests are putting Hong Kong’s status at risk.

Shanghai to give foreign workers access to share options for locally-listed firms to attract more funds and talent
Lingang’s inclusion in Shanghai Free-Trade Zone a chance for Beijing to conduct bold reforms

Six years after the launch of the Shanghai Free-Trade Zone, a lot of planned reforms remain unfulfilled. But market observers hope its expansion will lead to implementation of policies that will spur the development of the area.

14 Aug 2019 - 4:19PM

Six years after the launch of the Shanghai Free-Trade Zone, a lot of planned reforms remain unfulfilled. But market observers hope its expansion will lead to implementation of policies that will spur the development of the area.

Lingang’s inclusion in Shanghai Free-Trade Zone a chance for Beijing to conduct bold reforms
Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown

The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland.

13 Aug 2019 - 11:34PM

The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland.

Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown
Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge

The scaleback is a dramatic reversal in the industry after three decades of breakneck growth, which attracted every carmaker on the planet to pour billions of dollars into China, investments that catapulted the nation of millions of bicycles into the largest market for vehicles within a generation.

12 Aug 2019 - 10:39PM

The scaleback is a dramatic reversal in the industry after three decades of breakneck growth, which attracted every carmaker on the planet to pour billions of dollars into China, investments that catapulted the nation of millions of bicycles into the largest market for vehicles within a generation.

Peugeot-Citroen and its partner Dongfeng will halve their workforce, slash production capacity as China car sales plunge
Chinese consumers shrug off impact of trade war on economy with increased spending to improve quality of life

Although a UBS survey showed that Chinese consumers were planning to spend more on goods and services, the ongoing trade war will lead to slowing growth in the fourth quarter and also next year.

12 Aug 2019 - 11:09PM

Although a UBS survey showed that Chinese consumers were planning to spend more on goods and services, the ongoing trade war will lead to slowing growth in the fourth quarter and also next year.

Chinese consumers shrug off impact of trade war on economy with increased spending to improve quality of life
China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses

The frenzied buying that fired up the Star Market has created at least 30 yuan-denominated billionaires among those who already owned pre-IPO stakes in the newly listed companies.

5 Aug 2019 - 8:53AM

The frenzied buying that fired up the Star Market has created at least 30 yuan-denominated billionaires among those who already owned pre-IPO stakes in the newly listed companies.

China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses
China’s electric vehicle showrooms are sending an ominous signal about the sales outlook this year

Consumers front-loaded electric vehicle purchasing decisions ahead of a reduction in government subsidies in June

1 Aug 2019 - 11:11PM

Consumers front-loaded electric vehicle purchasing decisions ahead of a reduction in government subsidies in June

China’s electric vehicle showrooms are sending an ominous signal about the sales outlook this year
Beijing thunderstorms return China Eastern’s flight MU5331 twice to Shanghai, taking 17 hours to get back to its origin

Chinese travellers had been spending more time at airports and on aircraft as delays worsened, with the average waiting time in 2015 at 21 minutes – two minutes longer than in 2014 – according to a survey conducted that year by the Civil Aviation Administration of China (CAAC).

30 Jul 2019 - 10:48PM

Chinese travellers had been spending more time at airports and on aircraft as delays worsened, with the average waiting time in 2015 at 21 minutes – two minutes longer than in 2014 – according to a survey conducted that year by the Civil Aviation Administration of China (CAAC).

Beijing thunderstorms return China Eastern’s flight MU5331 twice to Shanghai, taking 17 hours to get back to its origin
Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters?

Many small investors who chased early gains came unstuck when the frenzied rally that sent the shares skyrocketing ran out of steam

30 Jul 2019 - 11:17AM

Many small investors who chased early gains came unstuck when the frenzied rally that sent the shares skyrocketing ran out of steam

Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters?
PepsiCo bets on healthy living, acquiring 26 per cent stake in China’s second-largest health food producer

PepsiCo to become the second-largest shareholder in Shenzhen-based Natural Food International

27 Jul 2019 - 1:09AM

PepsiCo to become the second-largest shareholder in Shenzhen-based Natural Food International

PepsiCo bets on healthy living, acquiring 26 per cent stake in China’s second-largest health food producer
China’s answer to Nasdaq turns out to be a one-day wonder after all, and that should concern Xi Jinping

The Star board’s gyrations risk turning it into another speculative venue for China’s 140 million stock account holders.

23 Jul 2019 - 11:44PM

The Star board’s gyrations risk turning it into another speculative venue for China’s 140 million stock account holders.

China’s answer to Nasdaq turns out to be a one-day wonder after all, and that should concern Xi Jinping
Private borrowers bear the brunt of China’s soaring bond defaults as slowing economy and trade war put the squeeze on finances

Defaults are likely to rise further, after China’s economy expanded 6.2 per cent in the three months ended June, the slowest quarterly pace since record-keeping began in 1992, analysts said.

23 Jul 2019 - 11:03PM

Defaults are likely to rise further, after China’s economy expanded 6.2 per cent in the three months ended June, the slowest quarterly pace since record-keeping began in 1992, analysts said.

Private borrowers bear the brunt of China’s soaring bond defaults as slowing economy and trade war put the squeeze on finances
Star Market, a ‘breakthrough in 30-year history of China’s stock market’, gets off to shining start as all debutants see share prices soar

All 25 debutants on the new Star Market in Shanghai finish the first day’s trading with gains of at least 84 per cent.

23 Jul 2019 - 4:59PM

All 25 debutants on the new Star Market in Shanghai finish the first day’s trading with gains of at least 84 per cent.

Star Market, a ‘breakthrough in 30-year history of China’s stock market’, gets off to shining start as all debutants see share prices soar
Fund co-founded by Chinese electric-vehicle maker NIO shrugs aside US-China trade war, to invest in top tech globally

NIO Capital, the technology fund co-founded by Chinese electric-vehicle manufacturer NIO, is shrugging aside the US-China trade war to pursue investments in leading technologies in the new-energy vehicles sector.

22 Jul 2019 - 7:00AM

NIO Capital, the technology fund co-founded by Chinese electric-vehicle manufacturer NIO, is shrugging aside the US-China trade war to pursue investments in leading technologies in the new-energy vehicles sector.

Fund co-founded by Chinese electric-vehicle maker NIO shrugs aside US-China trade war, to invest in top tech globally
Chinese fintech giant Lufax cuts P2P lending to meet regulatory requirements, may restart IPO plans after restructuring segment

Ping An Insurance-backed Lufax, one of China’s largest financial technology companies, said on Thursday it was scaling down its peer-to-peer lending business, but denied reports it was exiting the sector altogether.

18 Jul 2019 - 11:07PM

Ping An Insurance-backed Lufax, one of China’s largest financial technology companies, said on Thursday it was scaling down its peer-to-peer lending business, but denied reports it was exiting the sector altogether.

Chinese fintech giant Lufax cuts P2P lending to meet regulatory requirements, may restart IPO plans after restructuring segment
Shanghai police swoop on talk show group, arresting eight, including three Taiwanese, for sharing stock tips ahead of new bourse

Liao Yingqiang, along with seven employees, including three Taiwan residents, have been detained by Shanghai police for unauthorised equity advisory services

16 Jul 2019 - 11:05PM

Liao Yingqiang, along with seven employees, including three Taiwan residents, have been detained by Shanghai police for unauthorised equity advisory services

Shanghai police swoop on talk show group, arresting eight, including three Taiwanese, for sharing stock tips ahead of new bourse
Gadfly lawyer calls for probe, class action into Seazen’s disclosure as Chinese companies’ tardiness come under spotlight
China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff

Chinese companies hurt by falling orders take a wait-and-see approach to apparent thawing between two largest economies over damaging levies.

8 Jul 2019 - 7:38AM

Chinese companies hurt by falling orders take a wait-and-see approach to apparent thawing between two largest economies over damaging levies.

China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff
Shanghai Stock Exchange to debut Nasdaq-style market for tech stocks on July 22, three weeks ahead of schedule

Star Market, the Shanghai Stock Exchange’s highly anticipated Nasdaq-style technology board, will debut on July 22, three weeks ahead of schedule, the bourse said on Friday.

6 Jul 2019 - 10:16AM

Star Market, the Shanghai Stock Exchange’s highly anticipated Nasdaq-style technology board, will debut on July 22, three weeks ahead of schedule, the bourse said on Friday.

Shanghai Stock Exchange to debut Nasdaq-style market for tech stocks on July 22, three weeks ahead of schedule
Canadian asset manager Brookfield looks past short-term row as it picks up US$1.5 billion Shanghai project, China’s second largest commercial property deal

The big picture focus has helped Brookfield, which counts US$2.5 billion of its US$300 billion in worldwide assets under management in China, look past one of the country’s worst patches with Canada.

3 Jul 2019 - 6:00AM

The big picture focus has helped Brookfield, which counts US$2.5 billion of its US$300 billion in worldwide assets under management in China, look past one of the country’s worst patches with Canada.

Canadian asset manager Brookfield looks past short-term row as it picks up US$1.5 billion Shanghai project, China’s second largest commercial property deal
Beijing’s move to keep tax break on purchases of new-energy vehicles to support troubled auto sector, help biggest players

Beijing was widely expected to scrap a tax break for electric vehicles. But the tax break will continue until the end of 2020, as China accelerates its push to be the world’s EV leader and helps its ailing auto sector.

30 Jun 2019 - 10:34PM

Beijing was widely expected to scrap a tax break for electric vehicles. But the tax break will continue until the end of 2020, as China accelerates its push to be the world’s EV leader and helps its ailing auto sector.

Beijing’s move to keep tax break on purchases of new-energy vehicles to support troubled auto sector, help biggest players
French retail giant Carrefour leads retreat from China as ‘underdog’ hypermarkets lose dominance

French supermarket’s partial exit underscores the shift underway in shopping patterns in the world’s most populous nation.

26 Jun 2019 - 9:12PM

French supermarket’s partial exit underscores the shift underway in shopping patterns in the world’s most populous nation.

French retail giant Carrefour leads retreat from China as ‘underdog’ hypermarkets lose dominance
Beijing launches China-Japan stock connect scheme, showcases it as a move to defy rising protectionism

Four exchange traded funds each from China and Japan given access to shares on their respective bourses.

25 Jun 2019 - 10:41PM

Four exchange traded funds each from China and Japan given access to shares on their respective bourses.

Beijing launches China-Japan stock connect scheme, showcases it as a move to defy rising protectionism
Carrefour sells 80 per cent of its Chinese retail operations to Suning for 4.8 billion yuan

French supermarket retailer to retain 20 per cent stake and two of seven seats on Carrefour China’s Supervisory Board

24 Jun 2019 - 11:59AM

French supermarket retailer to retain 20 per cent stake and two of seven seats on Carrefour China’s Supervisory Board

Carrefour sells 80 per cent of its Chinese retail operations to Suning for 4.8 billion yuan
Zhang Xiaolei, founder of Chinese fintech firm Qbao, to serve 15-year jail firm for fraudulent fundraising

Nanjing court hands down the prison sentence to Zhang Xiaolei for his role in the illegal fundraising scheme; confiscates 100 million yuan worth of assets.

21 Jun 2019 - 10:39PM

Nanjing court hands down the prison sentence to Zhang Xiaolei for his role in the illegal fundraising scheme; confiscates 100 million yuan worth of assets.

Zhang Xiaolei, founder of Chinese fintech firm Qbao, to serve 15-year jail firm for fraudulent fundraising
China’s Yili and Mengniu spar over sponsorship status for 2022 Winter Olympics in Beijing as stakes run high for dairy giants

Inner Mongolia Yili Industrial Group, the sole sponsor of the games, said China Mengniu Dairy had infringed upon its interests by securing the status of joint global beverages partner of the Winter Olympics.

21 Jun 2019 - 6:00AM

Inner Mongolia Yili Industrial Group, the sole sponsor of the games, said China Mengniu Dairy had infringed upon its interests by securing the status of joint global beverages partner of the Winter Olympics.

China’s Yili and Mengniu spar over sponsorship status for 2022 Winter Olympics in Beijing as stakes run high for dairy giants
First tech company gets green light to price its IPO before trading debut of Shanghai’s new STAR Market, as analysts predict buying frenzy

IPOs are likely to be heavily oversubscribed as investors vie to back promising young firms due to list on the new tech board, analysts say.

19 Jun 2019 - 10:24PM

IPOs are likely to be heavily oversubscribed as investors vie to back promising young firms due to list on the new tech board, analysts say.

First tech company gets green light to price its IPO before trading debut of Shanghai’s new STAR Market, as analysts predict buying frenzy
London-Shanghai stock connect goes live, allowing foreign firms to list their shares in mainland China for the first time

Huatai, one of China’s largest brokerages, made its trading debut on the London Stock Exchange as it becomes the first company to trade via the new link.

17 Jun 2019 - 11:01PM

Huatai, one of China’s largest brokerages, made its trading debut on the London Stock Exchange as it becomes the first company to trade via the new link.

London-Shanghai stock connect goes live, allowing foreign firms to list their shares in mainland China for the first time