China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business.
Monthly Archives For October 2024
Chinese share buybacks hit record high as Beijing steps up support
There have been Rmb235bn ($33bn) in buybacks across mainland-listed shares so far in 2024, more than double last year’s total and far surpassing the previous record of Rmb133bn in 2022, according to …
The Social Media App Defying China’s Tech Slump
Xiaohongshu has a devoted domestic following and a growing band of international users. An IPO in Hong Kong could be its next step.
Webus International Cuts IPO for Second Time, Sets Share Price at $4 to $5
Webus International revised the terms of its initial public offering in the U.S. for a second time and is now looking to raise up to $9.4 million.
China Stimulus Is More Than Just One ‘Damn Number’
Debt restructuring is a central part of Beijing’s stimulus package. It demands investor patience and sophistication.
As iPhone Sales Soar in China, Is It Time to Buy Apple Stock?
China has been a sore spot for Apple recently, with the geography by far its worst performer this year. Through the first nine months of its fiscal year, Greater China sales have declined nearly 10%…
China Market Update: Mainland Investors Cheer Loan Prime Rate Cu
Asian equities were mixed overnight as Mainland China outperformed and the US dollar strengthened.
China’s Pony.ai files for IPO in US
Chinese autonomous driving technology firm Pony.ai announced at the end of last week it had filed for initial public offering (IPO) in the US, as it looks for further funding to expand its robotaxi …
US Unveils New Rules to Block China, Russia and Iran From Accessing Bulk US Data
WASHINGTON (Reuters) – The U.S. Justice Department on Monday proposed new rules to protect federal government data or Americans’ bulk personal data from getting into the hands of countries like China, …
US to curb AI investment in China soon
U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming soon. The rules, …
A week after China’s war games, US and Canadian warships sail through Taiwan Strait
U.S. and Canadian warships sailed through the Taiwan Strait on Sunday, almost a week after China held massive war games around Taiwan, which Beijing claims as its own territory. The destroyer USS …
India says it has reached a deal with China to patrol disputed border
The agreement, announced by India’s foreign secretary, marks a major thaw four years after bloody clashes between soldiers on the border tanked bilateral relations.
China is set to be Russia’s biggest pipeline gas customer this year as flows to Europe dwindle
Gazprom’s gas flows via pipeline to China have surpassed flows to Europe in the first nine months of this year, according to Bloomberg.
