By Doug Young & Rene Vanguestaine

China is on track to reach its 2030 goal for solar and wind power installations by the end of this year, and could double the figure by 2030. What’s driving this massive new energy buildup? And DiDi is back on a growth track with revenue zooming ahead 15% in the first quarter. Will the company seize the momentum to relaunch its stalled IPO plan?

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China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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Biren announces $518 million share placement

AI general-purpose graphics processing unit (GPGPU) supplier Shanghai Biren Technology Co. Ltd. (6082.HK) on Thursday announced a new share placement to raise HK$4.04 billion ($518 million). Combined with a previous…