* Expected result mainly due to increase in revenue Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
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China says it will inspect kindergartens after chilling abuse report
It’s the latest case involving schools to spark online outrage in China. “Laws must be enforced, supervision strengthened, teacher wages increased,” an editorial by the official Xinhua News Agency said. “The child-care industry cannot be…
China launches national kindergarten probe after ‘needle marks’ found on toddlers
Its shares plunged by more than 40 percent in after-hours trading. China’s official Xinhua news agency said children were also “reportedly sexually molested” but gave no further details. Li Jing, mother of a three-year-old girl,…
China reports breaking up gang that moved $3 billion abroad
Seven suspects were detained in the case centred in the southern city Shaoguan near Hong Kong but as many as 10,000 people might have been involved, the official Xinhua News Agency reported. Chinese authorities have…
China’s economy ‘will be mainly digital by 2021’
He also shared predictions for the information and communications technology market, including on cloud computing, blockchain technologies, artificial intelligence and quantum computing. Wu said that by 2020, more than 70 per cent of China’s top…
China Mobile makes $300m push in IoT
China Mobile, the world’s largest telecom carrier by subscribers, will hand out 2 billion yuan ($303 million) as subsidies to internet of things (IoT) device makers, as part of its broad push to build one…
China created a website for vigilante citizens to report leaks and fake news
China has created a website for vigilante citizens to report distorted headlines and harmful information about its military. The website also invites the public to report military leaks. China previously created software that automatically reports…
In China Property, Investors May Switch From Bonds to Stocks
Stocks of Chinese property developers are a better buy than their bonds even after a huge rally, according to JPMorgan Chase & Co. That’s because the gap between developers’ dividend yields and credit spreads are…
Beijing nursery ‘needle abuse’ of children shocks China
A Beijing nursery is accused of giving injections and feeding drugs to toddlers, in a case that has sparked outrage in China. Authorities are now investigating the nursery, which is a branch of the well-known…
China’s Mammoth Policy Banks Feel the Squeeze From Bond Rout
A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
China Commences Crackdown on Shadow Banking
Chinese regulators introduced major rules on Nov. 17—the scale of which has been compared to the U.S. Dodd-Frank Act—to unify regulations for the asset management industry and curtail shadow banking activities. The rules are broad-based,…
Why Esports Are A Golden Opportunity For China’s Beer Brands To Get Millennials Drinking Again
Sports, beers, and bros is one of marketing and advertisement’s most tired, most gendered and most trusted consumer archetypes. As in the United States, sports in China have long sold beer. But with China’s millennial…
China’s Mammoth Policy Banks Feel the Squeeze From Bond Slide
A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
