It’s second to another China-based logistics provider, Cianiao, which has approximately $1.5 billion in total funding. Going public in the US will shorten the IPO process, allowing Best Logistics Technologies to access capital more quickly.…
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China's c. bank quietly increases its power in battle to curb risks
BEIJING (Reuters) – China’s central bank has been quietly boosting its policy independence and regulatory reach as it seeks to contain risks to the financial system, policy insiders said, to help ensure stability ahead of…
Trump says China won't be labelled a currency manipulator
Backing away from a campaign pledge, President Donald Trump says his administration will not label China a currency manipulator in a report due this week, though he does feel the U.S. dollar “is getting too…
China slams Shanghai for environmental violations
SHANGHAI China’s business hub of Shanghai has slacked off in efforts to improve the environment, levying fines too small to deter polluters, hundreds of whom have flouted closure orders, authorities said on Wednesday. Standards had…
Trump backs away from labeling China as currency manipulator
President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would…
Business Booms in China for BBJ
Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the…
Shanghai may build new airport for business flights
There were 900 turbine helicopters and 450 business jets in China as of 2016, with compound annualized growth rates of around 6 percent and 9 percent, respectively, over the past decade, said Charles Park, director…
China's Xi tells Trump he wants peaceful solution to North Korea
“China insists on realizing the denuclearization of the peninsula … test site ahead of the April 15 anniversary of the communist country’s founding. Fox News’ Cody Derespina and The Associated Press contributed to this report.…
Is Yum China a Better Bet for Investors Than Yum! Brands?
On Nov 1, 2016, Yum! Brands, Inc.YUM announced that it has spun off its all-important China division into an independent, publicly traded company Yum China Holdings, Inc. YUMC. Post separation, Yum China holds exclusive rights…
China's Ant Financial extends mobile payments empire to Indonesia
BEIJING (Reuters) – Ant Financial, the finance affiliate of Alibaba Group Holding , and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia.…
China: The World’s New Fintech Leader
The centre of financial technology (or fintech) is migrating eastwards. In November 2016, a report jointly produced by professional-services firm Ernst & Young (EY) and leading Singaporean bank DBS stated in no uncertain terms that…
Beijing orders property websites to stop touting investment gains, feng shui advice
BEIJING Beijing has ordered 15 online real estate portals to remove misleading information, false advertising and even advice on feng shui by Wednesday, as part of its campaign to cool a red-hot housing market. Advertisements…
China's central bank quietly increases its power in battle to curb risks
BEIJING (Reuters) – China’s central bank has been quietly boosting its policy independence and regulatory reach as it seeks to contain risks to the financial system, policy insiders said, to help ensure stability ahead of…
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