BEIJING Chinese defense conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco [IPO-ARMO.SE] to build a refinery and chemicals complex in northeast China, industry and government…
BUSINESS
China Rapid Finance’s U.S. IPO Has Been Less Than Stellar
Chinese marketplace lenders do not enjoy a stellar reputation in the world market, but the sheer size of the market renders it virtually impossible to ignore them. According to one report, there are 2,000 active…
China’s Strength and Its Shopping Lift Alibaba’s Results
But there are challenges. The results show Alibaba has a long way to go before it can diversify its business amid expectations that even China’s online sales boom has its limits. And Alibaba is increasingly…
China’s COMAC eyes investment in Bombardier
Bombardier Inc. has held talks with Chinese state-owned aerospace manufacturer Comac about a deal that could inject new life into its passenger jet business, according to … by Boeing Co. In a bid to cut…
China's Lenovo announces restructuring to focus on consumer
HONG KONG Lenovo Group Ltd announced a plan to restructure its China business to cope with the changing personal computer (PC) industry. Lenovo will be reorganized into two divisions, a consumer-focused division of PC and…
IPO Looks Bright For Chinese Education Company Bright Scholar
Growing education sector in China and improving revenue makes us bullish on this IPO. We recommend a modest allocation. Overview Bright Scholar Education (Pending:BEDU) has filed for a $200 million IPO in the U.S. The…
Why China's stars are promoting Europe's brands
China’s film and TV stars are increasingly becoming the face of European and British brands. From perfumes to makeup, fashion and food, many are partnering up with international brands to expand in China’s booming consumer…
China Boom to Churn Out Pakistan’s Largest IPO in Decade
Agha Steel plans to raise as much as $95 million this year Company to triple output as China finances $55b in projects Agha Steel Industries Ltd. is planning Pakistan’s biggest-ever private sector initial share sale…
Report: Alibaba's Ant Financial to Delay IPO
The market has been awaiting the IPO of Ant, which as of April of last year had a valuation … If the financial arm of Alibaba wants to be listed outside of China, it needs…
Chinese Celebrity-Backed Fintech Firm QuantGroup Considering US IPO
is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. The Beijing-based QuantGroup is a financial services…
China's fondness for pirated software raises risks in attack
China has long been a global centre for unlicensed copying … The authorities have tightened legal controls on data but foreign business groups say such restrictions will limit market access for foreign security products and…
China seen sacrificing some growth to reduce debt risks
After clocking 6.9 percent in the first quarter thanks to spending on infrastructure and a property boom that policymakers want to rein in, analysts surveyed by Reuters reckon economic growth will just about make Beijing’s…
China, India dominate coal ownership amid divestments: Report
Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks from climate change, a study showed on Tuesday. The report, by British-based…
