China has written the book on mobile payments. Where else would you see people going days without pulling a single note from their wallet? As a result, China’s third party mobile payments market is huge.…
Monthly Archives For October 2017
Better Buy: Yum Brands or Yum China?
Last November, Yum China (NYSE: YUMC) started trading on the New York Stock Exchange after being spun off of Yum Brands (NYSE: YUM). Yum China shares surged nearly 70% since that split, but Yum shares…
China’s New Antipollution Push Could Cool Its Growth Engine
BEIJING — Through the last four decades, China has achieved breathtaking economic growth at the cost of smoggy skies, fetid streams and lakes of dying fish. Now China is undertaking one of its most extensive…
China’s US$150 billion tax cut: Beijing claims headway in cutting business burden
China will cut the burden on business by at least 1 trillion yuan (US$150 billion) this year through its new value-added tax regime and fee cuts, Chinese Finance Minister Xiao Jie forecast on Monday. In…
China flexes military muscle with rare pictures of its latest stealth fighter jet which is said to be built based on US war plane plans ‘stolen by hackers’
China’s latest J-20 stealth fighter jets were confirmed to have been commissioned into military service recently, reported state-run Xinhua News Agency. Wu Qian, a spokesperson of the Ministry of National Defense said at a press…
Unicom, Alibaba to expand collaboration in cloud computing services in China
China Unicom, the world’s sixth-largest mobile network operator by number of subscribers, and e-commerce powerhouse Alibaba Group Holding plan to ramp up their collaboration in cloud computing services. The partial privatisation of Unicom’s parent ……
China Mobile Offers Deep Value, Says Daiwa
China Mobile (941.HK) shares slipped on Monday despite posting solid third quarter earnings. The Chinese telecom giant reported 4.6% year-on-year profit growth to CNY92.1 billion for the first nine months of the year, on 4.9%…
China Unicom explains how it will leverage Alibaba and Tencent
China Unicom has explained how it will leverage the capabilities of its investment partners Alibaba Group and Tencent in growing its Cloud business in China. Alibaba Cloud will open the public cloud service capability to…
China lifts ban on stinky cheese
China has reversed an import ban on several types of soft and mould-ripened cheese, including Roquefort, Danish Blue, Gorgonzola and Stilton. The authorities imposed the ban in September because the strains of bacteria used to…
China defends its trade with North Korea as permitted by UN
BEIJING — China on Monday defended its growing trade with North Korea as permitted by U.N. Security Council sanctions that say they should avoid hurting “humanitarian needs.” China, the North’s main trading partner, “strictly implements”…
Beijing garment industry resists Congress lockdown
Apparel producers were ordered to suspend work for the month out of fire safety concerns, but in Dahongmen, one of Beijing’s last clothing manufacturing hubs, some factory owners simply took their work underground. “I can’t…
Staying Legal in China: an Interview with Dan Harris
There are few, if any, aspects of doing business as a foreigner in China that are easy, but understanding local law can be the most difficult. Beyond the challenge of legal compliance, one must also…
China’s red-hot property market may finally be set for sustained cooling
China’s escalating property prices have long been a concern for Beijing as it balances growth targets with social stability. Now, economic signals are giving the go-ahead to authorities for sustained efforts to cool off the…
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