Friday’s downbeat factory activity reading suggested a flurry of stimulus measures by Beijing in recent months has yet to be felt, adding to views that business conditions in China will likely get wor… ( read…
BUSINESS
Paying Tribute to China: How Western Brands Can Avoid Cultural Insensitivity
The repercussion of Dolce & Gabbana’s China blunder has been, so far, fierce. On November 23, D&G published the founding duo’s apology for a reviled and racist ad campaign on Weibo, yet many Chinese n……
China’s Fosun launches up to $547 million Club Med IPO in Hong Kong
HONG KONG (Reuters) – Fosun International (0656.HK) is looking to raise up to $547 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business…
Business leaders hail Russia’s booming energy ties with China
As Russia’s relationships with the West become increasingly fragile amid ongoing economic sanctions, Moscow continues to look towards China for economic opportunities — and energy is one space where t… ( read original story …)
Club Med owner scales back Hong Kong IPO plan by nearly half amid downbeat mood
However four out of the five biggest IPOs this year are now trading below their offer prices. Telecoms tower operator China Tower, which ranks as the world’s largest listing by funds raised this year, ……
China’s electric vehicle monitoring raises surveillance fear
China has called upon all electric vehicle manufacturers in … Associated Press researcher Chen Si contributed from Shanghai and Business Writer Yuri Kageyama contributed from Tokyo. ( read original story …)
Volkswagen’s Seat brand to develop electric car platform in China with JAC
FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Spanish Seat brand said it will develop an electric car platform together with China’s Anhui Jianghuai Automobile Group Corp., Ltd (JAC), as part … ( read original story …)
GM needs China more than it fears Trump
That trend shows up in GM’s results: Its sales there were down almost 15 per cent in the third quarter, and volumes fell for all brands except Cadillac – which accounts for only 5.5 per…
China to widen market access for foreign investors
China will widen market access for foreign investors and step up protection of intellectual property rights, China’s President Xi Jinping said on Wednesday ahead of the G20 meeting of world leaders in … ( read…
Saudi Arabia nabs new China oil demand, challenges Russia’s top spot
Saudi Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom back into contention with Russia…
Jack Ma, China’s most prominent capitalist, is a member of the Communist Party
Today’s party isn’t exactly exclusive. Its members represent nearly 7 per cent of China’s population. Its ranks include government officials, business people and even dissidents. Being a member often … ( read original story …)
Alibaba-backed parenting site Babytree starts taking orders for downsized IPO
The Beijing-based firm started trading on the Hong … The firm debuted at HK$6.91, or $0.88, compared to its IPO price of HK$6.80. That values Babytree at HK$11.5 billion, or $1.47 billion … ( read…
Babytree’s shares rise in Hong Kong debut after cutting IPO size on waning investors’ appetite
and concerns over China’s slower economic growth have sapped investors’ confidence. Some technology companies have also performed poorly since their IPOs in Hong Kong, further weighing on investors’ s… ( read original story …)
