China-listed property developers’ total cash and cash equivalents were 826 billion yuan as of June 30, compared with 866 billion yuan at the end of the first quarter, according to Bloomberg-compiled data. New-home prices, excluding…
Monthly Archives For September 2017
Eastern Promises: China’s Mobile E-Commerce Report
China’s mobile e-commerce market earned a staggering $529.8 Billion in 2016. This report by Appcoach, the experts in Asia’s mobile market, gives an introduction to the mobile landscape in China with a closer look at…
European business hopes China’s new leadership can cure reform ‘promise fatigue’
BEIJING (Reuters) – A top European business lobby said on Tuesday it hopes the new leadership to emerge from China’s Communist Party meeting will show a commitment to market opening, but that its members were…
Best Inc. cuts IPO expectations one day before debut
A man walks in the compound of a distribution hub of the Chinese logistics company Best Inc in Beijing, China June 27 … expected a price range of US$13 to US$15 per ADS and an…
China-based Qudian Inc files for IPO
Sept 18 (Reuters) – China-based online credit provider Qudian Inc said on Monday it has filed for an initial public offering of up to $750 million of class A ordinary shares represented by American Depository…
Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR
The IPO previously consisted of 53.56 million new shares and … Best, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, was counting on optimism over China’s booming logistics market…
China Unicom 4G reaches 152.72 million
China Unicom (Hong Kong) announced the operational statistics – its latest 4G and fixed-line broadband subscriber base — for the month of August 2017. Total number of fixed-line broadband subscribers 76.989 million Net addition of…
China Unicom Hong Kong : Operational Statistics for August 2017
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim…
China Mobile : New technology spelling an end to spam
Portable devices able to track senders of spam and automatic short message filters were among new technologies in the fight against unwanted messages and calls that featured at a security event in Shanghai yesterday. Around…
China is moving into more hardcore tech innovation with A.I.
In July, China’s State Council issued guidelines on developing AI inside the country and set a goal of becoming a global innovation center for the technology by 2030. Earlier this month, investment bank Goldman Sachs…
EU Chamber warns China: Open economy faster or risk backlash
American authorities also are investigating whether Beijing should face penalties for pressuring companies to hand over technology in exchange for market access. A survey earlier by the U.S.-China Business Council found 20 percent of companies…
China tops the world in incubators, makerspaces
China’s 7,500-plus incubators and makerspaces have fostered more than 223,000 businesses as of 2016, according to data from Torch High Technology Industry Development Center of the Ministry of Science and Technology. China has become the…
Breakthrough technology puts China in elite science club
China celebrated a major scientific breakthrough on August 28, 2017, when the China Spallation Neutron Source (CSNS) produced its first neutron beam. The CSNS will provide powerful support to high-value scientific projects and seeks to…
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