BEIJING – China’s biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world’s No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd. Shares in both companies surged Monday following the…
BUSINESS
China’s ambition, US retreat on show in Serbian factory town
has often expressed his admiration for the economic achievements of countries like China. He wants to make Hungary the main hub for Chinese business and investments in Central and Eastern Europe. “The old model for…
China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
The sale – the second-biggest real estate deal ever in China according to Reuters data – is however … While Wanda did not give a reason for the sale, local business magazine Caixin quoted Wang…
Business PC market to grow on digital transformation
“The driver for China’s business PC market will shift from ‘equipment replacement’ to ‘satisfying demand from digital transformation,” Wang Jiping, associate vice-president of IDC China, said at an event in Beijing on Friday, when IDC…
China Is Said to Close Major Hole in its Great Internet Firewall
“This seems to impact individuals” most immediately, said Jake Parker, Beijing-based vice president of the US-China Business Council. “VPNs are incredibly important for companies trying to access global services outside of China,” he said. (…
China’s Wanda Signals Retreat in Debt-Fueled Acquisition Binge
“Wanda is selling the noncore part of its cultural tourism business,” said Deng Zhihao, a real estate economist with Fineland Assets Management Company based in Guangzhou, China. “Ultimately, what they are selling are properties that…
Brands unite to take new energy market
The China Association of Automobile Manufacturers estimated that new energy car sales could hit 800,000 units in 2017. Rivaling Daimler AG in China, BMW AG announced in March that its local line-up will come with…
Nine Chinese firms to go public
BEIJING — The China Securities Regulatory Commission (CSRC) has approved IPO applications from nine companies. They will raise up to 6.5 billion yuan ($957 million), the CSRC said in a statement. Four companies will be…
China’s capital controls have delayed Chinese funding to UK startups
More than one year later, one fund has yet to invest in UK startups. Sources told Business Insider that Chinese capital controls mean funds have difficultly bringing money in from China. In early 2016, it…
Chinese premier stresses innovation, business environment
China should reduce transaction costs and streamline administration, delegate power to lower levels and improve regulation and services, Li said. The government should also strive to create an internationally competitive business environment in which ……
9 Chinese firms to go public
BEIJING, July 8 (Xinhua) — The China Securities Regulatory Commission (CSRC) has approved IPO applications from nine companies. They will raise up to 6.5 billion yuan (957 million U.S. dollars), the CSRC said in a…
CBME to open with 3,952 local & international brands
The 17th Shanghai International Children Baby and Maternity Products Industry Expo (CBME China 2017) is expected to host 3,900 local and international brands, which will be held in Shanghai from July 19-21. The event will…
China’s luxury brand Shanghai Tang changes hands, gloomy sign for the Chinese pioneer in fashion
As one of China’s first luxury brands, Hong Kong-based Shanghai Tang has been sold to an Italian fashion entrepreneur, as the Chinese brand struggles to win more market, fighting a tough war against other big,…
