a part of Asia’s leading online property company, PropertyGuru Group, announced that it has signed an exclusive partnership agreement with Anjuke, a part of China’s leading online marketplace, 58.com. Jeremy Williams, COO, PropertyGuru, Terry Blackburn…
Monthly Archives For June 2018
China Inflation Picture: Property Prices Still Major Economic Driver
Just released Chinese inflation data for May showed a slight rebound in the pace of producer price inflation, and a basically steady pace of consumer price inflation. But looking at the bigger picture (something I…
China’s Entertainment and Culture Industry is Quickly Realizing the Power of IP
Background of IP in China’s content economy There was no such word that matches intellectual property’s meaning in China before the term was imported. As a formal WTO member and a country which used to…
China’s Richer Than It Thinks
True, while China’s per capita income reached $8,830 in 2017, up eight-fold from 2001, it’s still well below the World Bank’s $12,236 threshold for high-income countries. This measure is misleading, however. Already an upper-middle-income nation…
StanChart to apply for virtual banking license in Hong Kong
HSBC will invest $15 billion-$17 billion in the next three years in areas including technology and its core Asian markets of Hong Kong and China, its CEO John Flint said on Monday. Ever since the…
China’s Jumbo Jet Diplomacy Shows Influence in Trump-Kim Talks
China isn’t officially represented in the historic talks between U.S. President Donald Trump and North Korean leader Kim Jong Un, but that hasn’t stopped Beijing from making its presence felt. Kim arrived in the city…
Beijing puts missiles back on contested South China Sea islands amid rising tension with the United States
Chinese missiles have reappeared on a disputed island in the South China Sea amid rising tensions with the United States. Satellite images of Woody Island, China’s largest base in the Paracel Islands that are also…
Kim’s wingman: Air China flight shows Beijing’s influence
When North Korean leader Kim Jong Un hitched a ride on an Air China plane to his summit with Donald Trump in Singapore, the signal was clear: Beijing remains Pyongyang’s diplomatic wingman. Kim had never…
ZTE’s Near-Collapse May Be China’s Sputnik Moment
HONG KONG — Once derided as a technology backwater and copycat, China is justifiably proud of its technology boom. Its people zip around the country on high-speed trains. They can buy, and pay for, just…
Blocking Bitcoin: Why China’s Cryptocurrency Ban Could be Here to Stay
In a January memo, People’s Bank of China (PBOC) Vice Governor Pan Gongsheng urged the government to ban centralized trading of digital currency and prevent individuals and businesses from providing related services. “Pseudo-financial innovations that…
Xiaomi unveils big loss as it prepares to hawk IPO to investors
The company, led by billionaire co-founder Lei Jun, is said to be seeking about $10 billion in an IPO that could become the world’s … smartphones in the US and compete against Apple Inc. The…
Standard Chartered says it will apply to operate a virtual bank in Hong Kong
HKMA deputy chief executive Arthur Yuen said about 50 companies had expressed interest in applying for the virtual bank licence, while purely online lender WeLab and payment platform Yedpay! have separately told the South China…
Trap or treat? Funds to raise billions for tech IPOs in China
SHANGHAI (Reuters) – Asset managers began fundraising for six Chinese “unicorn” funds on Monday, offering retail investors a new investment channel but potentially straining tight market liquidity. The 300 billion yuan ($47 billion) they seek…
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