Amazon has agreed to sell its China web services business to Beijing Sinnet Technology Co. for $300 million. Beijing Sinnet began operating the services in August 2016. (Reuters) – Amazon.com Inc’s Chinese partner, Beijing Sinnet…
BUSINESS
China’s economy cools as government curbs hit factories, property and retailers
China’s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution. Beijing is already in the second…
China premier says will protect South China Sea freedom of navigation
BEIJING (Reuters) – China will firmly safeguard freedom of navigation and overflight in the South China Sea, Premier Li Keqiang said on Tuesday at a regional summit in Manila, state news agency Xinhua reported. “Li…
Global shares mixed, China data disappoints
CHINA WATCH: China’s industrial value-added output expanded … The euro strengthened to $1.1691 from $1.1656. AP Business Writer Yuri Kageyama can be reached at https://twitter.com/yurikageyama Her work can be found at https://www.apnews.com/search … ( read…
China and Vietnam agree to ‘maintain peace and stability’ in disputed South China Sea
Hoang Dinh Nam/Pool Photo via AP China and Vietnam released a joint statement saying that they would work together to maintain “peace and stability” in the South China Sea. Chinese President Xi Jinping met with…
How to Make $90,000 in One Day From Hong Kong’s IPO ATM : Gadfly
How to make HK$700,000 ($90,000) in one day? It’s not as hard as you might think: More than 250 investors just did exactly that by buying into China Literature Ltd.’s initial public offering. IPOs are…
Razer rallies 18pc in Hong Kong trading debut after US$528m IPO
China Literature, and Yixin Group. The company, run by Singapore entrepreneur Tan Min-Liang, its co-founder, CEO and executive director, will receive net proceeds from the IPO of HK$3.9 billion. “We feel excited about it [listing…
SAS enjoys China’s growing market, innovation
Lisi, who was part of US President Donald Trump’s business delegation to China last week, said in an exclusive interview with chinadaily.com.cn in Beijing that the visit was positive and he expects China and US…
30 Years Ago, KFC Opened in China — and Changed All the Rules
But KFC rules them all in terms of market share and popularity, and has written the book on glocalization—when global brands think and act locally, and adapt their businesses and offering to appeal to local…
Tencent’s China Literature in smashing debut, boosts outlook for Hong Kong tech IPOs
HONG KONG (Reuters) – Tencent’s e-book unit China Literature Ltd (0772.HK) saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking…
Two tech giants are behind the pick-up in China IPOs on US exchanges
Chinese tech giant Tencent is a major investor in Sogou’s initial public offering Thursday on the New York Stock Exchange. Tencent also backed the IPO of Sea in October, the same week as the public…
British brands cash in on China’s £18bn shopping bonanza as Nicole Kidman and Alibaba founder Jack Ma kick off Singles’ Day sales
British companies were last night raking in millions from Singles’ Day – China’s £18 billion online shopping extravaganza. The event, which started out as an opportunity for Chinese singletons to buy themselves a gift, has…
China’s IPO approvals nosedive as regulator raises review threshold
It has been a week of rejections where China’s securities regulator would have set a record of vetoing companies seeking to list. The new listing committee under the China Securities Regulatory Commission (CSRC) rejected three…
