Youku, part of internet giant Alibaba, said in a statement on Tuesday that the company reached an agreement with China Central Television (CCTV) to become its New Media Official Partner, and acquired the live-broadcast rights…
Monthly Archives For May 2018
A Reversal for China Mobile Limited (CHL) Is Not Near. The Stock Reaches Yearly Low Today
The stock of China Mobile Limited (NYSE:CHL) hit a new 52-week low and has $41.53 target or 7.00 % below today’s $44.66 share price. The 8 months bearish chart indicates high risk for the $183.57…
Xiaomi, bound for IPO, woos fans (and investors) at glitzy launch
SHENZHEN, China (Reuters) – Chinese smartphone maker Xiaomi [IPO-XMGP.HK], lining up for a $10 billion IPO, held a rock concert-style launch on Thursday to unveil its latest flagship smartphone and a virtual reality headset developed…
Chinese property developers see higher concentration ratios
A property model attracts visitors during an industry expo in Dongguan, Guangdong province. [Photo by An Dong/For China Daily] BEIJING – Chinese property developers saw higher concentration ratios last year as fewer companies took larger…
Property market seeing flurry of foreign activity
With economic growth and structural transformation, the property market, especially office buildings, in the Greater Bay Area and other areas in China will see a substantial amount of development, according to a market investment report…
Will China’s debt woes develop into a full-blown banking crisis?
A rising tide of corporate debt defaults is spooking investors in China’s financial markets and sparking some concern that another banking crisis may be just around the corner. More than 20 mainland firms have failed…
‘The opportunity is massive’: Canada Goose to open two retail stores in China
Amid robust financial performance the company’s shares have more than … cent to $265.8 million and net earnings surged 60 per cent. “What excites me about China is the opportunity to speak to the Chinese…
Exclusive: Late to teapot party, ExxonMobil breaks with tradition in wooing China’s oil market
DONGYING, China (Reuters) – ExxonMobil Corp’s global oil marketing … The team included crude oil traders, products marketers and finance staff from Houston, Singapore, Thailand and Shanghai. At a booth at the center of Dongying’s…
China’s increase in private debt a financial stability risk: OECD
China’s rapid increase in private debt and a pick up in borrowing by property developers as real estate prices soar pose a risk to financial stability, the OECD’s latest world economic outlook says. At the…
Asian hotpot operator becomes latest retail frenzy IPO
Simon Wong Kit-Lung, chairman and president of LH Group, said at the IPO press conference on May 14 that the company is planning to expand its business in mainland China and Southeast Asia and has…
People’s Bank of China seen cutting its reserve ratio within weeks
The case for the People’s Bank of China to cut the amount of cash lenders are required to hold is getting stronger. Chinese banks racked up 2.93 trillion yuan ($US457 billion) in medium-term loans extended…
Fidelity on the hunt for under-performing Chinese banking stocks, while avoiding pharmas
While big state-owned lenders, including Industrial and Commercial Bank of China and China Construction Bank, have retreated at least 5 per cent this year amid liquidity tightening and corporate bond defaults, the risk reward is…
China invites all UN countries to use its future space station
China announced Monday that all member states of the United Nations (UN) will be welcome to cooperate with China to jointly utilize its future China Space Station. A ceremony took place in Vienna during which…