The sale to SK Hynix of South Korea includes a major factory in China and follows the company’s decades-long shift into microprocessors. ( read original story …)
BUSINESS
Alibaba Takes on Walmart in China With $3.6 Billion Investment in Hypermarket Chain
The e-commerce giant plans to double its stake in Sun Art Retail Group, which operates more than 480 supermarket-department stores in China under the RT-Mart and Auchan brands. ( read original story …)
Open-sourced Blockchain Technologies Bring Back Cross-border Tours between Chinese Mainland and Macao
From September 23 onwards, Chinese mainland resumed issuing visas for visitors to Macao. Thanks to the mutual recognition system of Macao blockchain health code and Guangdong health code launched in … ( read original story…
China (Guzhen) International Lighting Fair: A Grand Global Trade Feast Gathering 2,500 Lighting Brands
After one year of waiting and careful planning, the 25th China (Guzhen) International Lighting Fair (GILF) will be held at Guzhen Convention and Exhibition Center, Zhongshan City, Guangdong Province, … ( read original story …)
China’s Ant Group Clears Hurdle for $30 Billion Hong Kong IPO
Ant Group is now expected to launch its much anticipated initial public offering in early November after the Alibaba payments affiliate won approval to list in Hong Kong. The Chinese Securities … ( read original…
China regulator approves Ant Group’s HK IPO: IFR
China’s securities regulator has approved financial tech firm Ant Group’s Hong Kong leg of a planned dual-listing worth about $35 billion, IFR reported on Monday citing unnamed people familiar with … ( read original story…
Blockchain Bites: Filecoin Strike, Bitcoin Fees Fall, Coinbase Censorship
Five Filecoin miners have gone on strike. Bitcoin miners are seeing depressed earnings. And Binance is closing its Jersey branch. ( read original story …)
China has been a graveyard for Western retailers. One by one, big brands have withdrawn
The boundaries between online and offline retailing are becoming increasingly blurred. The best-known example of this in the west is the way Amazon has moved into physical retail with both the … ( read original…
Alibaba Secures Two Major Business Wins, Asserting its Dominance in China
Asia’s largest corporation, founded by the billionaire Jack Ma, took control of a leading hypermarket chain and won approval for the listing of an offshoot in Hong Kong. ( read original story …)
China makes it hard for foreign businesses to work there – but businesses keep chasing profits there
China represents one of the biggest consumer markets in the world. Can that potential profit offset the problems of investing for multinational corporations? Apparently, yes. ( read original story …)
China’s entrepreneurs get back to business
The rebound in the world’s second-largest economy means life is returning to some semblance of normality for many business owners … ( read original story …)
Why tech IPOs are flourishing in the U.S. and China — but not Europe
According to PitchBook, Europe has seen just 26 venture capital-backed IPOs this year, compared to 70 in the U.S. and 92 in China. ( read original story …)
Ant Group Wins China Approval for Hong Kong IPO Plan
Jack Ma’s Ant Group Co. won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering, ……
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