Standard Chartered will initiate exchange services for China’s CBDC, the digital yuan, as it is set to participate in the e-CNY trials.
BUSINESS
Fast-fashion giant Shein could be next blockbuster IPO after filing to go public: report
The company was valued at more than $60 billion in May and is expected to become the most valuable China-founded company to go public in the United States since ride-hailing giant Didi …
West’s de-risking starts to bite China’s prospects
Li is expected to make a similar call on Tuesday at the country’s inaugural China International Supply Chain Expo, which it is expected to use to tout its supply chain advantages. “Foreign business …
Top 10 best China brands in 2023
Tencent, Alibaba and China Construction Bank remained ranked as the top three, with the value of 877.92 billion, 687.17 billion and 191.08 billion yuan, respectively. CATL, Mindray and Sinopharm Group …
Chinese Billionaire’s Down Jacket Producer Bosideng Sees Profit Rise 25% As Own-Brand Sales Climb
B osideng, the top China down jacket maker led by billionaire Gao Dekang, said on Monday sales and profit climbed in the six months to September, led by a boost in own-brand apparel purchases amid…
China-founded e-commerce fashion start-up Shein files for US IPO
Valued at more than US$60 billion, Shein is expected to become the most valuable China-founded company to go public in the US since DiDi Global’s debut in 2021 at US$68 billion valuation.
Chinese fast-fashion retailer Shein files for U.S. IPO – WSJ
(Reuters) -China-founded fashion company Shein has confidentially filed to go public in the United States, the Wall Street Journal reported on Monday, citing people familiar with the matter. The …
Chinese fast-fashion Shein files for U.S. IPO- WSJ
China-founded fashion company Shein has confidentially filed to go public in the United States, the Wall Street Journal reported on Monday, citing people familiar with the matter. Reuters had reported …
Camus Cognac Plans to Build $30M Distillery in China to Create ‘World’s Most Aromatic Whiskies’
Global Drinks Intel reported that Camus Holdings, a brand known for its Cognac, is initiating a project to build a whisky distillery in China. The distillery is being built with a baiju producer …
Standard Chartered China Offering Exchange Services for Digital Yuan
The bank will give customers access to the digital RBM’s interconnection platform, offering recharge and redemption.
China’s former entrepreneurial golden child, Jack Ma, appears to be back with a food venture
Alibaba founder Jack Ma largely disappeared from public life following a crackdown by the Chinese government—now it seems he’s back.
China’s thermal coal imports jump, crowding out India
China’s imports of thermal coal in November are poised to surge to the second-highest monthly total this year, helping drive prices higher for the grades most commonly sought by the world’s biggest …
Alibaba shuts Quantum computing lab in sign of cutback after scrapping cloud unit’s IPO – report
Alibaba (NYSE:BABA) is shutting down its quantum computing research lab and will donate the equipment to Zhejiang University in the Chinese city of Hangzhou, Bloomberg News reported. The lab’s closure …