Lufax, one of China’s major online wealth management platforms, plans to launch an initial public offering in April in Hong Kong, which could value the firm at about US$60 billion in what could be the…
Monthly Archives For January 2018
China Neck and Neck With Silicon Valley In Showcasing Auto Tech at CES
After years of predictions that Chinese technology companies were coming to America … the latest developments in consumer electronics– more than a third are from China, according to statistics provided by the organizer. That’s more…
China Is Hoovering Up a Lot of the World’s Tech Talent
Copious VC funding and generous government support are tempting Chinese nationals and foreign students to work or learn in China. Homeward bound … aging schemes,” YC president Sam Altman told MIT Technology Review. Why longevity?…
China’s banks stand to earn US$63b in revenue by 2020 from financial inclusion, says EY
In Asia-Pacific, that boost to bank revenue is estimated at US$88 billion, with China leading the pack, followed by Thailand at US$8.5 billion, and Vietnam at US$5 billion. “Financial inclusion isn’t merely a corporate responsibility…
The world’s top 10 mobile operators hold three-quarters of the cellular IoT market
The 10-leading global mobile operator groups have a combined cellular internet of things (IoT) market share of 76 per cent, with a combined total of 407m cellular IoT connections at the end of H1 2017.…
China’s trade boom hits speed bump as import growth slows sharply
China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum as the government extends a crackdown on financial risks and factory pollution. A synchronized…
Does money loaned through China’s development finance institutions actually help countries develop?
There is an emerging consensus that China is now a major player, maybe the major player, in global development finance. Recent studies have inspired headlines such as “China and US ‘neck and neck’ in foreign…
China’s cyber watchdog scolds Ant Financial over user privacy breach
SHANGHAI (Reuters) – China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system. The Cyberspace Administration…
China shuts Marriott’s website over Tibet, Taiwan error
China has shut down the websites of Marriot International for a week, after the firm listed Tibet and others as separate countries. The hotel group has apologised for the error and said it did not…
A Blue Sky in Beijing? It’s Not a Fluke, Says Greenpeace
BEIJING — Winters in Beijing have long been choked by thick, dusty, toxic smog. But this winter, the sky has taken on a once seemingly unthinkable hue: blue. Now, an analysis of government data by…
China on the Rise in the Global Top Brands
On January 10, 2018, the 2017-2018 Global Top Brands Ceremony sponsored by the International Data Group (IDG) was held at the International Consumer Electronics Show (CES). Based on the theme of “Wisdom creates brand, Start…
Important metrics that needs attention before buying this stock: China Unicom (Hong Kong) Limited (CHU)
The top gainer with a security that increased in price during today’s trading was China Unicom (Hong Kong) Limited (NYSE:CHU). China Unicom (Hong Kong) Limited had a higher price at the close than it did…
China Unicom to Leverage Eutelsat 172B for Enhanced IFC
On the occasion of French President Emmanuel Macron’s state visit to China, Eutelsat Communications signed a Memorandum of Understanding (MOU) with China United Network Communications (China Unicom) aimed at addressing the fast-growing satellite … (…
