Once derided as the ‘world’s factory’ that only churns out low-quality imitation goods, China has been making progress in upgrading … I personally think about Chinese brands like Huawei and Vivo, which are cheaper than…
Monthly Archives For March 2018
Stopping China’s Intellectual Property Theft: What Trump Can Learn From His Predecessors
The Trump administration has decided to apply aggressive tariffs on China, in large part in response to concerns about Chinese intellectual property theft. The tariffs have both an economic and a national security purpose. On…
China cuts tax rates for chipmakers amid trade tensions
BEIJING (Reuters) – China’s finance ministry said on Friday it has introduced new tax breaks and exemptions for firms making semiconductors, seeking to limit dependence on foreign chips amid trade tensions with the United States…
iQiyi, China’s answer to Netflix, plunges in Wall Street debut
Investment bank Jefferies said ahead of the IPO that it valued iQiyi at $17 billion, far higher than the company’s market value of about $11 billion after Thursday’s close, according to FactSet. Related: China’s biggest…
Bank of China back in black, CCB profit also picks up
Bank of China swung back into the black last year while China Construction Bank also joined the country’s state-owned lenders in posting a profit pick-up on the back of an accelerating domestic economy. Bank of…
Is a UK model ‘with Chinese characteristics’ the answer for financial regulation?
China could adopt a UK-style financial regulatory system “with Chinese characteristics” to fix its loopholes, a group of researchers advised Beijing. The idea, raised by academics from Tsinghua University and the London School of Economics…
China Mobile: Invest With Communists For 4.5%?
China Mobile is a profitable mega cap telecom with more than 870 million cell phone customers and growing mobile data traffic, wireline broadband and IoT connectivity business segments. The company boasts reasonable pricing metrics, revenue…
IQiyi, the ‘Chinese Netflix,’ pockets more than $2 billion in IPO, stock falls in debut
IQiyi’s ADS’s are worth seven shares of shares traded elsewhere, such as in China. Don’t miss: The iQiyi IPO: Four things to know While American investors had their first opportunity to buy shares, the company…
First Look At IQIYI’s $2.25 Billion IPO
In terms of iQIYI’s total library (original plus licensed content), iQIYI had on its platform 42 of the top 50 drama series in China in 2017. Note that iQIYI’s IPO will be a blockbuster event…
Trump hasn’t dented enthusiasm for Chinese IPOs in the US
More may be coming. Drew Bernstein, co-head of the China practice at Marcum Bernstein & Pinchuk, an auditor of Chinese IPOs in the U.S., said he’s working right now with about six or seven offerings…
China’s Netflix-like video platform iQiyi dips on Nasdaq debut
(Reuters) – Shares of Chinese streaming platform iQiyi Inc fell below their initial public offering (IPO) price in the stock’s market debut on Thursday, even as the technology sector rebounded from a sharp sell-off ahead…
IQiyi, The Netflix Of China, Begins Trading — And Then Falls
Shares of China-based iQiyi (IQ) began trading Thursday … Baidu currently holds a 69.6% stake in the company and will remain as a majority shareholder post-IPO. In 2017, iQiyi reported revenue of $2.67 billion, up…
IQiyi, Netflix Of China, Prices Its IPO At $18 Per Share
Reuters said late Wednesday that the Beijing-based company, considered the Netflix (NFLX … Baidu currently holds a 69.6% stake in the company and will remain as a majority shareholder post-IPO. In 2017, iQiyi reported revenue…