HONG KONG Jan 9 Distressed debt manager China Orient Asset Management Co Ltd plans to raise about $1.5 billion ahead of a planned initial public offering (IPO) in Hong Kong, IFR reported on Monday, citing…
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McDonald’s sells most of China, HK business to CITIC, Carlyle for $2.1-billion
McDonald’s Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1-billion, seeking to expand rapidly without using much…
Nokia is trying to make a smartphone comeback, starting in China
Nokia is launching a comeback — in China. If you are a cell phone user of a certain age, you likely have a soft spot for the Nokia brand. In the late 1990s and most…
Yum China Launches Taco Bell Brand in China
SHANGHAI, Jan. 9, 2017 /PRNewswire/ — Yum China Holdings, Inc. (“Yum China”) (NYSE: YUMC), and Taco Bell Corp., the world’s largest Mexican-inspired restaurant chain, today announced that they have opened the first Taco Bell restaurant…
McDonald's sells China business in deal worth up to $2.1B
HONG KONG – Fast-food giant McDonald’s is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the…
McDonald's gives up control of its China business in $2 billion deal
McDonald’s is selling off most of its China business in a deal worth as much as $2.1 billion. Citic, a massive Chinese financial firm, is taking the majority stake in McDonald’s (MCD) operations in mainland…
McDonald's sells China business in $2.1B deal
HONG KONG – Fast food giant McDonald’s says it is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to…
China Mobile Hong Kong 4G Data Roaming Coverage Ranks No.1 in Hong Kong
HONG KONG, Jan. 9, 2017 /PRNewswire/ — China Mobile Hong Kong (“CMHK” or “the Company”) today announced that the Company has ranked first* in the number of 4G data roaming coverage destinations among all the…
China's poorest reliant on coal to stay warm, adding to smog
Last week, the official Xinhua News Agency quoted a Beijing official saying coal-burning furnaces for heating have now been completely removed from the city’s urban districts. But in rural Qian’an, 220 kilometres (140 miles) from…
Cruz meets with Taiwanese president, blasts China
Texas Sen. Ted Cruz scolded China for trying to quash his meeting with the Taiwanese president on Sunday, the second time in just over a month a prominent Republican has publicly poked the People’s Republic…
Fancy a ten-hour stroll along China's latest tourist attraction? Aerial footage reveals new floating pathway which is TWICE the length of Manhattan
According to China Xinhua News, the vast structure is built to rise and fall in accordance with fluctuating water levels. A bustling entertainment centre, the walkway is supported by more more than 200,000 floating objects…
China likely to allow companies to issue shares in Frankfurt this year – bourse
Deutsche Borse AG and China Financial Futures Exchange in 2015. The plan needs approval from Chinese and German regulators, but listing and trading of D shares would likely comply with existing German rules, the SSE…
China’s Financial Reserves Approach A Dangerously low Level
The latest PBOC report hints at China’s reserved tumbling by another US$41.1bn in December 2016. This would effectively reduce the country’s reserves to just above US$3tn, a very dangerous level. Financial experts all over the…
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