Evian, the “Hermès among bottled water” in China China’s booming beverage industry also attracted a lot of international brands such as Coca-Cola, Danone and Nestlé. Evian is definitely sitting among the most popular products. The…
Monthly Archives For June 2018
As Kim Ends Beijing Visit, China and North Korea Craft New Messages
BEIJING — Propaganda departments in China and North Korea were in full swing on Wednesday as Kim Jong-un, the North Korean leader, concluded a two-day tour of China that painted the once-reclusive autocrat as a…
China Unicom 4G subscriber base reached 200.334 mn
China Unicom said it added 2.070 million 4G subscribers in May 2018. The total number of 4G subscribers reached 200.334 million, said China Unicom. China Unicom has 299.434 million mobile subscribers (including 4G customers) with…
China Unicom records growth
China Unicom (0762) said it attracted 2.42 million mobile billing subscribers in May, causing the aggregate number of mobile billing subscribers to reach 299.43 million, including 4G customers.The number of mobile billing subscribers in April…
Major Chinese lenders made illegal loans, Beijing’s audit office says
Violations by Industrial and Commercial Bank of China Ltd (1398.HK)(601398.SS), Agricultural Bank of China Ltd (AgBank) (1288.HK)(601288.SS), and China CITIC Group Co., Ltd included providing loans, discounted bills and gold leases to unqualified companies ……
China’s Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will…
European companies are worried about China’s tech ambitions, too
The report said it was “concerning” that 19% of respondents to the survey “have felt compelled to transfer technology in exchange for market access.” Related: How China gets what it wants from American companies Chinese…
Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate
A higher midpoint rate by the central bank on Tuesday showed Beijing was trying to stabilise the exchange rate. On the mainland, turbulence in the capital and money markets is seen as a serious issue…
Goldman Sachs Hires Veteran Dealmaker for China Investment Bank
Previously at private equity firm FountainVest Partners Co., Cai will head the business alongside Beijing-based Zhu Hansong … where he was co-head of China investment banking and Asia vice chairman. The last person to run…
China Central Bank Governor Says Stay ‘Calm and Rational’ After Market Free Fall
China’s central bank governor urged investors to “stay calm” Tuesday following a plunge in domestic stocks that sent the country’s benchmark index to a two-year low following the latest escalation of the ongoing trade war…
Hong Kong, China in Danger of Financial Crisis Within 3 Years: Nomura
Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators.…
Why Chinese Consumers are Leaving Multinational Brands on the Shelf
Multinationals in China now face formidable competition from domestic brands in almost every sector. What can they do to regain the ascendancy? In recent months, Beijing’s vast subway system has been plastered with posters featuring…
China’s Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be…
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