Following news of the death, users have criticized Didi’s efforts … Brasil and Australia where it will come head-to-head with Uber [UBER.UL]. After acquiring Uber’s China business in 2016, Didi controls over 90 percent of…
Monthly Archives For May 2018
JD Finance fundraising a precursor for IPO
JD Finance’s exhibition booth attracts many visitors in Nanjing, Jiangsu province. [Photo provided to China Daily] The reported $2 billion fundraising by JD Finance, the financial arm of China’s second-largest e-commerce player JD, could pave…
China: military drills to threaten Taiwan
The message conveyed by the recent drills is “very clear,” spokesman for the Cabinet’s Taiwan Affairs Office An Fengshan said at a biweekly news conference on Wednesday … and territorial integrity,” An said. China has…
Qualcomm progresses thanks to technology, products, partnerships
Moreover, wireless technology has powered innovative products and services like mobile payment, bike-sharing and online shopping, which have significantly changed the way people live and work here in China. What’s the biggest challenge China faces…
L.A. Times suspends Beijing bureau chief while it investigates sexual misconduct allegation
The Los Angeles Times suspended Beijing Bureau Chief Jonathan Kaiman on Tuesday and has launched an investigation into an allegation of sexual misconduct. On Monday, former Beijing-based journalist Felicia Sonmez sent a letter to the…
UPDATE 2-China property investment growth slows, sales dip on increased curbs
* April property investment +10.2 pct y/y, vs +10.8 pct in March – Reuters calculation * Property sales -4.1 pct, vs +3.2 pct in March – Reuters calculation * New construction starts +2.9 pct, vs…
China, Airbus investigating blown-out windshield on plane
Sichuan Airlines Flight 3U8633 was en route from Chongqing, China, to Lhasa, Tibet, on Monday morning when the cockpit window on the A319 jet broke off, according to the website of the Civil Aviation Administration…
Gap apologizes for China map T-shirt after backlash
The U.S. clothing retailer Gap apologized Tuesday for selling T-shirts with a map of China that didn’t include self-ruled Taiwan, the latest example of corporate kowtowing to Beijing. “Upon the realization that one of our…
U.S. companies seek relief from Trump’s looming China tariffs
Trump had raised hopes for the latest talks by striking a surprisingly conciliatory tone toward China, which he has long accused of predatory business practices that robbed American jobs and swelled Washington’s trade deficit with…
Xiaomi’s Real IPO Killer Just Arrived From Beijing
Xiaomi Corp.’s IPO killer just arrived on the scene. China Tower Corp., a telecommunications construction firm that’s owned by the country’s three state operators, is following in the smartphone seller’s footsteps, applying to go public…
Alberta cannabis to undergird Beijing Winter Olympics
Some Alberta cannabis cultivators will be fueling winter Olympic bobsleds instead of bongs. Industrial hemp fiber, processed in Calgary from cannabis plants grown in southern Alberta, will help pave the way for safe, stable bobsled…
Breakingviews- Tangled loyalties complicate China Tower IPO
HONG KONG (Reuters Breakingviews) – China Tower could have communication issues with investors. The world’s biggest mobile-mast company has filed a prospectus for a Hong Kong float, which Reuters says could raise $10 billion. China’s…
Retailer Gap apologizes to Beijing for selling T-shirts with incorrect China map
HONG KONG — The U.S. clothing retailer Gap apologized Tuesday for selling T-shirts with what it says is an incorrect map of China that didn’t include self-ruled Taiwan, in the latest example of corporate kowtowing…
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