BEIJING (Reuters) – China Construction Bank Corp (CCB), the country’s second-largest commercial lender, said on Friday it has received regulatory approval to set up a subsidiary to conduct market-driven debt-for-equity swaps. CCB was the first…
Monthly Archives For July 2017
China approves 9 IPO applications
BEIJING, July 22 (Xinhua) — The China Securities Regulatory Commission (CSRC), the country’s top securities market regulator, has approved IPO applications from nine companies. They will raise no more than 4.4 billion yuan (652.8 million…
China announces goal of AI leadership by 2030
BEIJING — China’s government has announced a goal of making the … Baidu Inc. and Alibaba Group are spending heavily to develop artificial intelligence for finance, self-driving cars and other applications. Manufacturers also are installing…
Scaramucci Still Has Unfinished Business in China
Anthony Scaramucci, the Trump administration’s new communications director, finally made the leap from Wall Street to the White House. Selling his hedge-fund firm to a Chinese company will take longer. The sale of SkyBridge Capital…
Struggling telecom China Unicom gets $12 billion investment from tech companies
A view outside the China Unicom office building in Beijing Thomson Reuters Baidu and JD.com will join other big Chinese technology firms to jointly invest about $12 billion in the Shanghai-listed unit of China Unicom,…
China wants to build a $150 billion AI industry
Artificial intelligence is no exception. Beijing laid out a timeline on Friday for when it expects the country to become a global leader in the frontier technology. By 2020, China’s AI technologies and research facilities…
China aims to become world leader in AI, challenges U.S. dominance
BEIJING/SHANGHAI (Reuters) – China has outlined plans to become a world-leader in artificial intelligence by 2025, laying down a challenge to U.S. dominance in the sector amid heightened international tensions over military applications of the…
Abercrombie Is Still Hip in China and Wants to Cash In
Retailer’s namesake and kids brands arrive at Tmall on July 26 Company seeks to reverse cooling international sales Abercrombie & Fitch Co. is looking to shoppers in China, where its brand still has prestige, to…
Louis Vuitton Joins E-commerce Rush in China
PARIS — Louis Vuitton has launched e-commerce in China, adding to a growing list of Western luxury brands cultivating the world’s most advanced digital market. Vuitton joins the likes of Burberry, Gucci and Michael Kors…
India Follows China’s Path to Factory Power
Brands like OPPO, Vivo, Lenovo and Xiaomi have set up plants in India, intensifying competition in the country’s smartphone manufacturing sector. As early as four years ago, China’s mobile phone industry, including brands, original equipment…
Abercrombie’s Flagship Brand Arrives at the Alibaba’s Tmall
Slated to open doors on Jul 26, the store will include the entire range of products from Abercrombie’s namesake brand and abercrombie kids. Currently, Abercrombie owns 10 physical stores in Mainland China and a local…
Abercrombie adult, kids’ brands join Hollister on China’s biggest online sales site
In another move to expand its online presence in Asia, New Albany-based retailer Abercrombie & Fitch has launched its namesake brand and children’s brand abercrombie kids on Alibaba Group’s Tmall, China’s largest consumer e-commerce website.…
Chinese brand Qiaodan files countersuit against Michael Jordan
Looks like Michael Jordan’s woes against Chinese brand Qiaodan Sports is far from over. The NBA icon won his trademark lawsuit case against the China-based sporting goods brand last year, for using his name and…
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