According to the latest reports, Xiaomi — the China-based technology company, has selected Morgan Stanley and Goldman Sachs Group for its planned initial public offering (IPO). Along with them, Credit Suisse Group AG and Deutsche…
Monthly Archives For January 2018
CITE2018 Presented “China Night” in Las Vegas
LAS VEGAS, Jan.15, 2018 — As CES 2018 was gathering leading Chinese technology enterprises in Las Vegas with an aim of exploring the overseas market, China Information Technology Expo (CITE) joined hands with China’s Consulate…
Exclusive: China’s JD.com targets $2 billion fundraising at logistics unit – sources
HONG KONG (Reuters) – China’s second-biggest e-commerce firm JD.com JD.O has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business…
Beijing’s new ‘landing ship’ could be used to help invade Taiwan, Chinese media suggests
China developed a new amphibious warship that could prove valuable in island disputes, according to a Beijing-controlled tabloid Those vessels “could help it gain advantages in solving disputes on islands,” including Taiwan, an expert told…
Barry Callebaut sees China’s potential as one of the world’s biggest chocolate markets
Celebrates 10-year anniversary of its chocolate factory in China SHANGHAI, Jan. 15, 2018 /PRNewswire/ — The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, celebrates the 10th anniversary of its…
Banking on China’s global ambitions
In 2013, China unveiled a Silk Road plan for the 21 st century – a strategy that aims to boost trade and productivity between the country and others across Asia, Africa and Europe. The strategy,…
Xiaomi is said to choose Morgan Stanley among banks for IPO
Credit Suisse Group AG and Deutsche Bank AG have also been chosen to work on the IPO that could see the company target a valuation of as much as $100 billion, the person said, asking…
China’s Logan Property targets 52 rise in sales in 2018
HONG KONG, Jan 15 (Reuters) – Chinese real estate developer Logan Property Holdings Co Ltd said on Monday it has set its 2018 full-year target for contract sales at 66 billion yuan ($10.2 billion), up…
China pledges more investment in Cambodia, but is Phnom Penh selling itself short?
But things are changing in Cambodia’s colourful capital. Dotted around the city these days are signs, both literal and metaphorical, of China’s growing influence in one of Southeast Asia’s poorest nations. In Phnom Penh on…
China in talks for sale of jet engine technology to Germany
China is in talks to sell Germany state-of-the-art machinery and technology critical in the manufacture of high-performance jet engines, a senior government scientist has revealed. The machinery produced turbine blades capable of withstanding temperatures ……
Burning Iranian oil tanker sinks off China after collision, report says
China’s State Oceanic Administration said that because the hull of the ship had detonated, a large amount of oil in surrounding waters was on fire, according to the official Xinhua news agency. The administration said…
Burning oil tanker sinks off China after one week
An oil tanker burning in the East China Sea for more than a week has finally sunk, Chinese media say. The Sanchi and a cargo ship collided 260km (160 miles) off Shanghai on 6 January,…
Oil tanker burning in the East China Sea sinks
China’s state-news agency Xinhua reported Sunday there was an oil spill where the vessel sank and that the National Oceanic Bureau is monitoring the situation closely. With a length of 900 feet (274 meters) and…
