Leading the deals was Ant Financial Services Group, the financial services affiliate of e-commerce giant Alibaba Group Holdings that operates China’s online-payments platform Alipay－which closed a $4.5 billion fundraising round in April. Ping An-backed ……
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Big China Banks Cut Bad Loan Ratios as Profits Beat Forecasts
Two of China’s biggest lenders cut their bad-loan ratios as they notched improved profits in 2016, showing the nation’s banking industry may be able to withstand slowing growth in the world’s second-biggest economy. China Construction…
Chinese Firm Takes Stake in U.S. Investment Bank Cowen
In the latest deal, CEFC China Energy, a Chinese conglomerate with big investments in oil in Central Africa, agreed on Wednesday to buy a stake in a century-old New York boutique investment bank, the Cowen…
PetroChina says will consider Aramco IPO based on market conditions
BEIJING, March 30 PetroChina said on Thursday it will consider … On Monday, Sinopec Corp said Aramco president had visited the firm and both sides would have talks on the IPO, which is expected to…
NHL staging preseason games in China between Kings, Canucks
The preseason games will take place Sept. 21 in Shanghai and Sept. 23 in Beijing. Commissioner Gary Bettman announced the launch of the NHL China Games at a news conference Thursday morning at Le Sports…
China hack cost Ottawa ‘hundreds of millions,’ documents show
China’s state-sponsored cyberattack on the National Research … In 2015, Fortune Magazine estimated the cost of fixing damages caused by high-profile hacks then in the news. Sony’s was said to have cost about $35-million (U.S.)…
Agricultural Bank of China beats expectations on cost savings
Li Zhicheng, the bank’s chief risk officer, said at a press conference in Beijing that the bank had lent 110 million yuan and HK$150 million to Huishan, with “equity as collateral.” Li added that ABC…
Bellamy's shares hit as fresh China roadblock emerges
the giant US formula business. The Derrimut plant used to supply Bellamy’s but its new owners have decided not to continue with the arrangement. With the stricter China registration requirements now being introduced, Bellamy’s has…
China Telecom Eyes 5G Network Sharing
China Telecom, Unicom and China Broadcasting Network could share the costs of a 5G network to lower costs, while China Mobile is likely to construct a network on its own. China’s telecoms sector has signaled…
6 Ways Luxury Brands Use WeChat for Marketing Campaigns in China
The majority of international luxury brands have embraced the undeniable importance of WeChat for their businesses in China. As the app goes far beyond a basic messaging tool, luxury brands and marketing firms are using…
China’s e-commerce boom part I: Reaching new highs
Sizable nations such as China provide further opportunities for brands entering or revamping their online retail space as “getting around cities can be difficult and tiring, and where the range of available retail outlets can…
La Marzocco Launches in China, Latest Coffee Brand Targeting It
Last year, Starbucks CEO Howard Schultz told CNBC, “I wouldn’t be surprised if, one day, we have more stores in China than we do in the US.” For many big brands, China is the country…
Reebok enlists “hottest grandpa” as it reveals strategy to become China's best fitness brand
Reebok has enlisted “China’s hottest grandpa” Wang Deshun as a brand ambassador as it announces plans to open 500 stores by 2020 and create China specific products in a bid to become China’s best fitness…
