In 2018, Tmall Global and Tmall domestic were reported to reach 500 million users and control a 55 per cent stake in China’s business-to-customer e-commerce market. “They are really really dominating … ( read original…
BUSINESS
Canada pushing ‘science’ in canola dispute with China: Ag Minister Bibeau
“For right now, we’re not sending our people into mainland China,” Price said. “I think it’s still very safe, but for the business that’s there — it’s a minor part of our business … (…
China rejects ‘abnormal’ U.S. spying concerns as EU pushes trade
BRUSSELS (Reuters) – China dismissed U.S. security warnings against its telecoms equipment maker Huawei as groundless and “abnormal” on Monday, as Beijing’s top diplomat went to Brussels to … ( read original story …)
EU to push China to open economy at April summit: draft statement
The European Union will seek Beijing’s agreement for deadlines to open up China’s economy at an April 9 summit in Brussels, according to a draft leaders’ statement, trying to coax it into making good ……
Chinese TechCrunch Rival 36Kr Is Said to Plan Overseas IPO
The Beijing-based company is considering selling shares of its … 36Kr is open to exploring opportunities in the capital market, though it doesn’t have a specific IPO timeline, Chief Executive … ( read original story…
Trade Fight With China Enters Overtime, With Tariffs a Costly Sticking Point
The business community, along with both Democrats and Republicans … a research firm with extensive experience in China, and one of the authors of the report. Businesses have long complained of … ( read original…
Hong Kong watchdog fines global banks $100m over China IPOs
Hong Kong’s securities regulator has imposed its largest ever fine on a number of international investment banks for failing in their roles as sponsors for Chinese initial public offerings. The … ( read original story…
U.S. business groups encouraged by prospect of U.S.-China deal
U.S. business groups said Friday they are encouraged by China’s approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a substantive trade … (…
Foreign brands escape China’s glare at annual consumer day gala
BEIJING/SHANGHAI (Reuters) – China on Friday accused a raft of local firms, from snack makers to a financial tech firm applying for a U.S. listing, of fooling and harassing consumers in an annual … (…
China prepares to skewer brands in annual consumer day gala
BEIJING/SHANGHAI (Reuters) – China is gearing up to skewer companies it accuses of treating consumers badly in a yearly event that has previously named and shamed firms from Apple to Nike Inc. The … (…
HK suspends UBS sponsor license, fines it and others $100 million for IPO failures
The IPOs in question were those of China Forestry, sponsored by UBS and Standard Chartered, and Tianhe Chemicals, sponsored by UBS, Merrill Lynch and Morgan Stanley. UBS was also fined for failing to … (…
China foreign investment law: Bill aims to ease global concerns
But some argue it does not fully address the concerns foreign firms have about doing business in China. Delegates at the NPC – the annual meeting of China’s legislature – passed the bill with 2,929…
Boeing groundings puts U.S.-China trade-linked jet order in limbo
On the one hand, Boeing has been increasing its industrial footprint in China as it aims to win business and increase its sales lead over Airbus in Asia. On the other hand, Boeing executives have…
