Alibaba, which is China’s e-commerce pioneer, has decided to postpone the transaction because of poor market conditions, sources told Bloomberg …
BUSINESS
Yellen to Warn China Against Flood of Cheap Green Energy Exports
The Treasury secretary, who plans to make her second trip to China soon, will argue that the country’s excess industrial production warps supply chains.
HSBC Floats First Blockchain-Based Real-World Asset for Retail Investors as Its Tokenized Gold Goes Live
By launching the HSBC Gold Token, the bank aims to integrate blockchain technology into traditional banking services.
Global concerns rise over alleged cyber hacking activities linked to China
The involvement of China in hacking and cyberespionage targets worldwide has led to international criticism and sanctions.
Gap in China’s Soybean Trade Casts Doubt on Data Reliability
Doubts over the reliability of China’s economic figures are swirling again — this time in soybean trade as the world’s top importer has been publishing data that are increasingly diverging from other …
‘Tata in India, TikTok in China, Toyota in Japan’: List of top most valuable companies according to their country of origin
Europe made its mark with brands like the UK’s Shell, valued at $50 billion, and France’s Louis Vuitton, with a brand value of $32 billion.
British biopharmaceutical giant eager to seize opportunities created by China’s innovation drive
BEIJING – Inspired by China’s efforts in opening-up and fostering innovation, British biopharmaceutical giant AstraZeneca is committed to the Chinese market.
Russian brands eye opportunities in China—and vice versa
After Russia’s full-scale invasion of Ukraine in February 2022, and sanctions by Western alliances that followed, notably the G7, NATO, and the EU, Russian brands—alongside ad agencies that market …
A Pivot to China Saved Elon Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
Hong Kong’s Moribund Market Loses Another Big Deal From Alibaba
Fundraising via initial public share sales in Hong Kong has dropped for four consecutive years, as its equity markets suffer from Beijing’s regulatory crackdown on private enterprises, a slowing …
Alibaba Drops Cainiao IPO Plans, Proposes To Buy Stake For Up To $3.75 Billion
In the reversal of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock.
Dutch PM set for high-stakes China talks on chip export policy
Dutch Prime Minister Mark Rutte is set to meet with Chinese President Xi Jinping on Wednesday in Beijing for talks expected to be dominated by economics as new Dutch policies on chip exports to China…
China jolts US at WTO with complaint over ‘discriminatory’ EV subsidies
China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final …
