Yum China, which runs KFC and Pizza Hut in China and was spun off from Yum Brands in 2016, made the move in response to rising costs. Chinese poultry costs have risen as an outbreak…
Monthly Archives For April 2019
China’s Tencent to Develop Blockchain Medical Tools With Waterdrop After Investment
Chinese internet giant Tencent will work with a local disruptor insurance company to develop new blockchain solutions, Bloomberg reported on April 30. Waterdrop, which forms part of China’s … ( read original story …)
China compiling list of Canadian targets for possible retaliation in ongoing diplomatic spat: former envoy
China has asked its regional governments to draw up a list of business dealings they have with Canadian firms in order to widen the scope of ways the superpower can strike back against Canada in…
China Mobile Limited 2018 Annual Report on Form 20-F Filed with the US SEC
HONG KONG, April 29, 2019 /PRNewswire/ — China Mobile Limited (the “Company”) (HKEx:941) (CHL) announced today that it has filed its Annual Report on Form 20-F for the year ended December 31 … ( read…
China Telecom leads mobile net additions in March
China Telecom again led the growth in the Chinese mobile market in March. The operator added 4.83 million new customers for a total of 315.05 million, while China Unicom gained 3.375 million to reach ……
China Mobile faces competition investigation over 4G handset sales
China Mobile announced that it’s under investigation by the state competition regulator SAMR for possible unauthorised practices in handset sales. The investigation is looking at sales of customized … ( read original story …)
BRIEF-China Mobile Updates On Investigation By State Administration For Market Regulation Of PRC
April 29 (Reuters) – China Mobile Ltd: * UPDATES ON INVESTIGATION BY STATE ADMINISTRATION FOR MARKET REGULATION OF PRC * SAMR INVESTIGATING IF SOME SALES ACTIVITIES OF CUSTOMIZED 4G+ HANDSETS OF 4 … ( read…
China’s Ruyi Group is Growing Fast, But Can They Conquer the Luxury Market?
For example, since their acquisition of SMCP in 2016, “[SMCP] has expanded to over 100 stores in about two dozen Chinese cities, and the brands had also increased online sales in China by 40 percent…
China International Cartoon & Animation Festival: Building a High-End Platform for Cultural Communication between China and Foreign Countries
HANGZHOU, China, April 30, 2019 /CNW/ — Speaking of “Cartoon & Animation … The International Animation Game Business Conference at the Festival has attracted global leading toy manufacturers: the … ( read original story …)
Four’s the Magic Number for China’s Banks
China’s banks doled out a fifth more loans in the first quarter than a year earlier, so profit increases shouldn’t be surprising. What’s striking is just how small – and similar – those gains are.…
Andrew Scheer demands Canada pull funds from Chinese development bank in retaliation for canola ban
Among the steps, Scheer will call on Trudeau to cut Canada’s funding to China’s Asian Infrastructure Investment Bank, to which the government has committed $256 million over five years. ( read original story …)
Chinese bank profits rise, but so do bad loans
Industrial & Commercial Bank of China (ICBC) — the world’s largest bank by assets and several other yardsticks — posted a net profit of 82.0 billion yuan in the January-March period, up 4.1 percent. (…
MGM China Reports 2019 First Quarter Financial Data
Adjusted EBITDA Up 27% Year-on-Year Continued to Grow Market Share Sequentially Extended Gaming Sub-Concession to 2022 HONG KONG, April 30, 2019 /PRNewswire/ — MGM China Holdings Limited (“MGM … ( read original story …)
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