And a scheduled bilateral news conference was abruptly cancelled by the Chinese according to the prime minister’s office. “I’m pleased we will continue our exploratory discussions towards a comprehensive free trade agreement between Canada and…
Monthly Archives For December 2017
Xiaomi Seeks Valuation of at Least $50 Billion in IPO
The Beijing-based company is considering an offering as soon as … the world’s fastest growing smartphone market. A successful IPO may bring it at least $5 billion, much-needed ammunition for expansion, the people said. Kaylene…
Lexinfintech delays U.S. IPO pricing as China reins in micro-loan sector: source
BEIJING (Reuters) – Chinese consumer lending firm Lexinfintech will delay the pricing of its planned Nasdaq IPO to conduct more due diligence, a source with direct knowledge of the situation said – a move that…
China Rapid Finance Views Long-term Impact of New Industry Rectification Notice as Favorable to Its Business
SHANGHAI, Dec. 4, 2017 — China Rapid Finance Limited (“China Rapid Finance” or the “Company”) (NYSE: XRF), a leading online consumer lending marketplace, today announced that it believes the long term impact of the principles…
Tencent-backed online doctor start-up seeks Hong Kong IPO
Tencent, the world’s largest video games company by revenue and operator of China’s biggest social network, spun off its 44 per cent-owned online search service, Sogou, in an initial public offering (IPO) in New York…
China’s top two banks won’t lend to Adani’s Australian coal mine
SYDNEY (Reuters) – China’s two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises’ long delayed project. Industrial and Commercial Bank…
China’s Lexinfintech to conduct additional IPO due diligence, to delay listing
BEIJING, Dec 4 (Reuters) – Chinese consumer lending platform … according to a source with direct knowledge of the situation. The decision will extend the IPO timeframe and came after new rules regulating the industry…
China isn’t taking over the world just yet
Almost daily, newspapers in the US, Europe and China release eye-catching headlines about China’s technological advances and economic prowess. The accomplishments are real. But they’re not necessarily evidence of Western failure or Chinese invincibility. (…
Beijing’s Migrant Clearances May Hurt Growth and Stoke Inflation
A campaign by the authorities in Beijing to clear out homes and businesses used by the poorest of the city’s 8 million migrant population has set off a chain of events that could shrink the…
China’s biggest bank rules out financing Adani’s Carmichael coal mine
The future of a controversial Queensland mega-mine has suffered another setback with project funding from China looking increasingly unlikely. The Greens have heralded the end of the project after a second Chinese bank ruled out…
China’s A.I. Advances Help Its Tech Industry, and State Security
IFlyTek has said its technology can monitor a car full of people or a crowded room, identify a targeted individual’s voice and record everything that person says. “IFlyTek,” the image of Mr. Trump said in…
On Trudeau’s 2nd trip to China, time may be ripe to advance free trade
because they had said ‘We will give you what we gave Australia and that would be good for you,'” Saint-Jacques said in an interview with CBC News. “But we said we have a lot more…
BRIEF-Bank of Beijing to pay div for preferred stock on Dec. 11
Dec 1 (Reuters) – Bank of Beijing Co Ltd : * Says it plans to pay 4.5 yuan (tax included) per share as dividend for preferred stock, on Dec. 11 ( read original story …)
