— 4Q17 Total Sales Up 12.2% YoY and Non-GAAP Adjusted Net Income Down 6.8% YoY in RMB terms, or Total Sales Up 16.1% YoY to $90.1 Million and Net Income Down 226.8% YoY to a…
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Beijing takes over Anbang Insurance Group in unprecedented move
But Beijing’s clampdown on risky financial practices since 2016 crippled its fund-raising. “It is a serious problem. There may now be a flood of redemptions coming through,” said Peking University economics professor Christopher Balding. (…
China banned the letter N from the internet after people used it to attack Xi Jinping’s plan to rule forever
China censored the letter N from its internet for at least a day. The ban came as China cracked down on online discussion over the Chinese Communist Party’s proposal to scrap presidential term limits. Abolishing…
Cameroon captain Moukandjo joins Chinese side Beijing Renhe on loan
Benjamin Moukandjo captained Cameroon to Africa Cup of Nations success in Gabon in 2017. Cameroon captain Benjamin Moukandjo has joined Chinese Super League club Beijing Renhe on a season-long loan from rivals Jiangsu Suning. The…
China Unicom launches edge cloud field trials with ZTE, Intel
At the 2018 Barcelona Mobile World Congress, China Unicom, in partnership with ZTE and Intel, has officially launched its edge cloud field trials, and released the China Unicom Edge Service Platform Architecture and Industry Ecosystem…
China considers merger of insurance and banking watchdogs, sources say
China is considering plans to merge its banking and insurance watchdogs to bring more order to a fragmented regulatory system and to heed President Xi Jinping’s calls to reduce financial risk. Sources with knowledge of…
iQiyi: ‘China’s Netflix’ to list on US stock market
In China, it competes with fellow streaming platforms Youku Tudou … though revenue jumped by 55% to 17.4bn yuan. Baidu, which founded the business as Qiyi before later changing its name to iQiyi, is itself…
Rob Blain: What Awaits the Chinese Property Industry
Given this backdrop, the continuation of the relatively low interest rate environment will not exert strong pressure on property yields. China’s pursuit of deleveraging is expected to create opportunities for non-bank lenders. Chinese developers face…
Baidu’s video unit iQiyi files for US IPO of up to $1.5 billion
iQiyi, a unit of Baidu, filed for a $1.5 billion IPO. The Chinese company is known for its Netflix-like services. The Beijing-based company has posted losses since its inception in 2010. Chinese video streaming service…
Artprice’s Annual Report on the Global Art Market in 2017: A Genuine Alternative to Financial Markets, with China in First Place
Our 20th Global Art Market Annual Report is once again the fruit of an alliance between Artprice, world leader in Art Market information, founded and directed by thierry Ehrmann, and Artron, its powerful Chinese institutional…
China’s military flexes muscles for domestic objective: more funding
BEIJING (Reuters) – With stealth jets entering service, leaked pictures of new high-tech naval artillery and proud reports of maneuvers that “dare to shine the sword,” China’s armed forces are putting on a show of…
Asian shares lurch lower as weak China PMI adds to Fed rate worries
Asian markets had opened mildly lower but selling intensified after data showed growth in China’s manufacturing sector in February slowed more than expected to the weakest in over 1-1/2 years as the Lunar New Year…
China is set to let Xi Jinping rule for life — and it’s a ‘death knell’ for anyone opposing him
the conduct of foreign policy,” Economy told Business Insider. “He is the outward face to the rest of the world. When Xi Jinping travels, he goes as the president of China, not as the General…
