TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial…
Monthly Archives For May 2018
Xiaomi’s IPO Will Make Dozens of Lucky Workers Millionaires
Read More: In IPO Letter, Xiaomi CEO Explains Innovation at ‘Honest … Co. and Huawei Technologies Co. He would host smoke-and-booze-filled meetings at Beijing hotels, showing up with bags of cell phones and gadgets for…
China lowering auto tariffs is no ‘breakthrough’ in tense trade talks with US
China’s move to lower tariffs on imported autos and vehicle parts is a step in the right direction, but it’s a tiny one. The news China would lower tariffs on some imported vehicles by 10…
Chinese Police Hold Three After Protest by Laid-Off Workers in Beijing
Authorities in China’s capital are holding three people on public order charges after a protest by laid-off employees from the state-owned banking sector converged on Beijing to complain about a lack of promised benefits after…
China says it will cut tariffs on some auto parts and vehicles
China’s Finance Ministry said that it will cut import tariffs on some vehicles to 15 percent, down from as much as 25 percent. The announcement Tuesday also said that tariffs on some automotive parts would…
Lenovo denies claims it chose Windows over Linux in second row over technology
The company branded the allegations as “slander” in a statement that follows an internet storm in China in recent weeks over the company’s decisions on domestic versus overseas technology. China’s largest personal computer (PC) maker…
China makes scary breakthrough in the South China Sea
WHILE the Western world was focused on the wedding of Meghan Markle and Prince Harry, China was making a breakthrough in the South China Sea. On Friday night, the rising superpower’s state media uploaded a…
Airlines Caving to Beijing Despite White House Protest
SHANGHAI — Global airlines are obeying Beijing’s demands to refer to Taiwan explicitly as a part of China, despite the White House’s call this month to stand firm against such “Orwellian nonsense.” The Associated Press…
China stocks slip as banking, real estate shares weigh
* FTSE China A50 -1.1 pct, BNY Mellon ADR China Select Index -0.3 pct SHANGHAI, May 22 (Reuters) – China stocks slipped on Tuesday, weighed down by real estate and banking firms, despite renewed optimism…
Beijing denies ‘militarisation’ of South China Sea
Beijing (AFP) – Beijing hit back Monday at allegations it was “militarising” the South China Sea after landing bombers at an airbase in the contested waters, accusing Washington instead of raising tensions with its own…
China stock regulator vows more environment focus, green finance
SHANGHAI (Reuters) – China’s securities regulator said it will work to strengthen the environmental responsibilities of listed companies, promote green finance and focus more on environmental issues when reviewing initial public offerings or mergers. (…
As bitcoin world wobbles, mining rig company plans $2 billion IPO
To some, the IPO presents a rare opportunity to buy into in a cryptocurrency … Cryptocurrency mining is under pressure in China. But last month, China Securities Regulatory Commission vice-chairman Jiang Yang gave Canaan the…
The Lucky 56: Xiaomi IPO to Make Dozens of Workers Millionaires
Read More: In IPO Letter, Xiaomi CEO Explains Innovation at ‘Honest … Lei was a local tech celebrity with 1 million follows on Weibo, China’s answer to Twitter, but it was far from clear he…
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