At the Melbourne Cup last month, there were plenty of famous faces downing champagne while draped in expensive threads. However, one face was new. She was dressed to the nines, in an elegant number fr……
BUSINESS
Cornerstone IPO: Selling Shares At 400x EPS
Adding $20 million from the IPO, the net asset equals $26 million … Using other companies with assets in China and trading in the U.S., the valuation of Cornerstone seems quite absurd. ( read original…
China takes a step closer to unveiling a new stock market inspired by Nasdaq
At present, the China Securities Regulatory Commission has decision-making control over IPOs. The commission reviews an applicants’ performance in the past years and assesses their earnings potential … ( read original story …)
Tencent Battles With Alibaba For China’s E-commerce Market Plays Out In IPO of Mogu
Market battles between Chinese tech leaders Tencent and Alibaba over China’s fast-growing e-commerce market play a role in the recent U.S. $1.3 billion IPO of Chinese fashion retailer Mogu — the 38th … ( read…
China’s November export, import growth shrinks, showing weak demand
BEIJING (Reuters) – China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures … ( read original story …)
China’s securities watchdog approves 2 new IPOs
BEIJING, Dec. 8 (Xinhua) — China’s securities regulator has approved the initial public offering (IPO) applications of two companies. Chinalin Securities and Wuxi Shangji Automation Company will be l… ( read original story …)
China launches pioneering mission to far side of moon
BEIJING – China launched a ground-breaking mission Saturday to land a spacecraft on the largely unexplored far side of the moon, demonstrating its growing ambitions as a space power to rival Russia, t… ( read…
Trump signals optimism about trade with China, despite arrest of Huawei executive
U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic and trade advisers played down friction from the arrest of a senior exec… (…
China retaliation against Canadian companies unlikely for now: experts
“But I think if this event were to escalate, it might have implications for security of Canadian businesses and Canadian business people operating in China.” As of 2015, Canadian businesses had 531 lo… ( read…
As China’s economy cools, luxury brands feel the chill
BEIJING — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. It’s a rude awakening for such designer … ( read…
India, China talk of improving trade ties, but progress is slow
China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government officials and representatives of various Indian … ( read original…
After Huawei executive’s arrest, U.S. firms operating in China fear retaliation
At a closed-door security meeting of U.S. companies in Singapore on Thursday, one topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei and the potential backlash on…
Huawei is ‘growing astronomically’ despite allegations it spies for China
Huawei denies allegations that it conducts espionage on behalf of China and has said it’s a market-driven business simply looking to compete internationally. Some Canadian security experts have warned … ( read original story …)
ADVERTISEMENT
