Chinese tech stocks face investor pushback despite a strong sales quarter. Meanwhile, for Estée Lauder, a bounce-back came from the West.
BUSINESS
VW brand boss Brandstaetter to become China boss, Skoda’s Schaefer will take his role, reports say
Leadership changes at VW Group will see company veteran Ralf Brandstaetter move to China and Thomas Schaefer replace him as VW brand CEO, according to German press reports.
China’s Regulatory Crackdown Begins to Sweep Up Foreign Firms
Its exit from the NYSE now marks the end of an era in which Chinese companies could freely raise foreign capital in stock markets overseas. Yet even as Chinese companies brace for a range of…
Google Disrupts Blockchain-based Glupteba Botnet; Sues Russian Hackers
Google disrupts a sophisticated blockchain-based botnet, dubbed Glupteba, that affected more than 1 MILLION computers around the world.
Huobi Global to exit China by end of December
China-based cryptocurrency exchange Huobi Global has announced its intention to move out of the country, local news outlet CGTN reports.
Ahead Of The Beijing Olympics, Governments and Business Leaders Should Take A Stand On Human Rights In China
Peng Shuai’s story has revealed the fault lines between those who are willing to publicly challenge Chinese government abuses and those who will not.
China’s yuan strengthens as trade surplus hits US$72 billion in November amid robust export growth
China’s foreign reserves rose to US$3.222 trillion at the end of November, up US$4.8 billion from a month earlier The dollar-denominated value of exports increased by 22 per cent on year last month, …
Microinverter Maker Hoymiles Sets China’s Highest-Ever IPO Price
Hoymiles Power Electronics has set a new record for the highest-priced initial public offering in China in what will also be the country’s first stock market listing by a manufacturer of solar …
This Is What U.S.-China Decoupling Looks Like
Recent years have seen a deterioration in the U.S.-China relationship, but does that necessarily mean a decline in their economic relationship. The statistics might surprise you.
China Posts Less-Than-Expected November Trade Surplus as Imports Swell
China’s trade surplus shrank 3.4 percent to USD71.7 billion last month from a year earlier as imports rose, according to official data. That was less than the USD82.2 billion predicted by chief …
Uncertainty Threatens the IPO Pipeline in 2022
This is setting up to be the biggest year for initial public offerings (IPOs) ever. Despite market turbulence and fears of the Omicron variant, the IPO market has had a sensational year, with several …
Hoymiles launches Star IPO at steep valuation
Hoymiles Power Electronics set its Star market IPO price at Rmb557.8 ($87.6) on Tuesday, the highest seen in the A-share market. The company is selling 10m renminbi-denominated shares, equal to 25% of …
China important supporter of multilateral trading system: WTO official
China has been a staunch supporter of the multilateral trading system as an important member of the World Trade Organization (WTO), the WTO’s Deputy Director-General Zhang Xiangchen told Xinhua in a …
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