China is drafting a proposal to allow gambling on Hainan Island, people familiar with the talks said, in what would be an unprecedented move that could reshape gaming in China’s territories and transform the economy…
BUSINESS
LG Quits the Chinese Smartphone Market, Blames Tough Competition From Local Brands
Now, the latest news from China confirmed the exit of LG from the Chinese smartphone … While LG remained stagnant in Europe, Huawei has grown to become one of the leading smartphone brands. In most…
China wants local investors to have a share of the success of its US-listed tech giants
China’s market regulator is looking into ways to enable domestic investors to trade shares in US-listed Chinese tech firms, as the country looks to spread the benefits of the global success of companies such as…
Chinese retailers are eschewing the 2018 IPO boom to go private. Here’s why
When Chinese footwear retailers Belle International and Pou Sheng International (Holdings), and department store chain Intime Retail Group listed on the Hong Kong stock market years ago, they were riding on a rebound spurred by…
China’s skincare market to continue steady growth as users become more sophisticated
China’s US$22 billion skincare market will continue to grow as women gain sophistication and switch towards more premium brands, with low per capita spending on products also providing ample room for brands to grow their…
Chinese firms shine in Brand Finance’s 2018 most valuable brand ranking
China’s share of global brand value grew to 15 percent in 2018, London-based Brand Finance announced on Thursday. According to the consultancy firm’s latest annual report on the world’s most valuable brands, the value of…
China’s ‘Rupert Murdoch’ takes full control of animation studio behind Kung Fu Panda 3
CMC Capital Partners, led by media mogul Li Ruigang, dubbed China’s Rupert Murdoch … and look forward to many opportunities to work together as they continue to build this business as Pearl Studio,” said Jeff…
University takes centre stage with Prime Minister and Chinese business leaders
Today at the UK China Business Forum in Shanghai, President and Vice-Chancellor, Professor Dame Nancy Rothwell and Nobel Laureate, Professor Sir Kostya Novoselov of The University of Manchester addressed a group of specially selected business…
Ford’s China JV to recall 567,167 vehicles: quality watchdog
BEIJING (Reuters) – Ford Motor’s China joint venture will recall 567,167 vehicles from Feb. 25, China’s quality watchdog said on Friday. The recall is due to some brake-related problems, according to a statement posted on…
Chinese brands rise quickly up global rankings
China’s share of global brand value has increased from 3 percent to 15 percent in the past decade, with ICBC emerging as the most valuable Chinese brand, according to a new report. Brand Finance, a…
How China’s factories have made an unexpected legacy for Ivanka Trump
In this June 6, 2017, file photo, Chinese, American, and other international flags fly as women walk past a Huajian Group shoe factory, which made shoes for Ivanka Trump’s brand, in Ganzhou in southern China’s…
Chinese brands increasingly global: British market research firm
According to a report released Thursday by the London-based market research company, the fastest-growing brand comes from China. Wuliangye, a Chinese brand of aromatic liquor, grew a striking 161 percent year-on-year to 14.6 billion dollars,…
Hong Kong, China stocks brace for more downdraught
Hong Kong and Chinese stocks may still come under pressure on Friday, adding to a sell-off in the previous session, as the markets have yet to fully digest the implications of disappointing earnings prospects among…
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