Elon Musk in 2015 told the Chinese news media that Tesla might begin producing cars at a new China manufacturing plant “within three years.” Three years later, no plant has been built. Construction ha… (…
BUSINESS
‘China has crashed the price’: Canadian farmers collateral damage in China-U.S. trade war
Though there may be some upside for canola in the U.S.-China trade spat, most producers would prefer a stable trade environment in which to do business, said Jim Everson, president of the Canola Counc… (…
Beijing’s Dislike Sinks Xiaomi Valuation To At Best 30% Below IPO Price
Xiaomi’s withdrawal from China IPO application and repeated cuts in valuation followed Chinese securities Watchdog’s queries. Its Hong Kong IPO price is set at bottom of original HK$17-22 target range … ( read original story…
Tesla hikes prices in China as trade war hits carmakers
SHANGHAI (Reuters) – U.S. carmaker Tesla Inc (TSLA.O) has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest…
How China could hurt US once it ran out of imports to tax
China’s entirely state-controlled media have encouraged consumer boycotts against Japanese, South Korean and other products during previous disputes with those governments. Last year, Beijing destroye… ( read original story …)
China’s Unicorns Are Stampeding Into an IPO Quagmire
From China, without love. The stampede of unicorns is losing fans. Xiaomi Corp. fell as much as 6 percent in its Monday debut in Hong Kong, while most of last year’s hottest listings, from ZhongAn…
A legendary Israeli venture capitalist explains why anyone against cooperation with China is ‘crazy’
Legendary Israeli venture capitalist Erel Margalit told Business Insider that “the world’s development” hinges on China and the US finding a better way to coexist economically. Margalit called economi… ( read original story …)
China’s Xiaomi makes underwhelming public debut in Hong Kong IPO
China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. … ( read…
With Xiaomi’s deflated IPO, can Hong Kong live up to the hype of a market for new economy listings?
Prospects clouded by a trade war involving China, the economy that Hong Kong’s economic and equity market developments hinge on, is bad news especially when the city is riding on hopes for a bumper IP……
Chinese Smartphone Maker Xiaomi’s Monster IPO Flops on Its First Day of Trading
That’s “as investors get more cautious about where to put their money given the prevailing trade tensions and several IPO flops recently.” In the longer term, Xiaomi’s proponents argue that dominance … ( read original…
Xiaomi IPO Underwhelms In Hong Kong
It did recover to trade around the IPO price but the company had to settle for a $54 billion … The underwhelming performance may partly be blamed on the ongoing trade war between China and…
The Foxconns of fast beauty propel South Korean cosmetics’ success in China
contract manufacturers stand to benefit as Korean brands they work for rapidly grow in China’s $53.5billion cosmetics market. That’s thanks to their value for money image, fast turnaround times for ne… ( read original story…
Focus: The Foxconns of fast beauty propel South Korean cosmetics’ success in China
contract manufacturers stand to benefitas Korean brands they work for rapidly grow in China’s $53.5billion cosmetics market. That’s thanks to their value for moneyimage, fast turnaround times for new … ( read original story …)
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