Fosun Tourism and Culture Group has been a key profit growth business for Fosun, China’s largest conglomerate. Assets under the company’s tourism unit include French resort operator Club Med and a Chinese joint venture with…
BUSINESS
China cracks down on foreign companies calling Taiwan, other parts of China countries
apps and customer-related information and “strictly comply with China’s laws and regulations to prevent a similar thing from happening”. In a statement, Delta apologized for making “an inadvertent error with no business or political intention…
China’s Lufax plans Hong Kong IPO in April at US$60 billion valuation: sources
Lufax, one of China’s major online wealth management platforms, plans to launch an initial public offering in April in Hong Kong, which could value the firm at about US$60 billion in what could be the…
China’s trade boom hits speed bump as import growth slows sharply
China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum as the government extends a crackdown on financial risks and factory pollution. A synchronized…
China shuts Marriott’s website over Tibet, Taiwan error
China has shut down the websites of Marriot International for a week, after the firm listed Tibet and others as separate countries. The hotel group has apologised for the error and said it did not…
China on the Rise in the Global Top Brands
On January 10, 2018, the 2017-2018 Global Top Brands Ceremony sponsored by the International Data Group (IDG) was held at the International Consumer Electronics Show (CES). Based on the theme of “Wisdom creates brand, Start…
Marriott to China: We Do Not Support Separatists
Marriott International, the hotel chain, wants to be clear on this point: It does not support separatist elements in China. Marriott is best known for its hospitality, not fomenting rebellion in the countries where it…
China just sent out a warning and it went right over Wall Street’s head
an economist at Carnegie Mellon told Business Insider via email. And if China buys its own currency, the yuan, it will go up. That’s not ideal for China’s domestic economy. If the yuan is too…
China warns Trump ahead of possible trade decision
BEIJING — China warned Washington on Thursday it will “resolutely safeguard” its interests ahead of a possible decision in an investigation into whether Beijing improperly pressures foreign companies to hand over technology. The United States…
Shenzhen Jewellery Fair 2018: Jewellery Resources China
the Shenzhen Jewellery Fair is shifting its focus by branding the whole trade show experience around the theme ‘Jewellery Resources China,’” said Teddy Tan, Event Manager of Shanghai Jewellery Fair. “This strategy is aligned with…
China criticizes US for blocking MoneyGram acquisition
BEIJING — China’s government has criticized the United States for using “so-called national security” as a reason to block a Chinese billionaire’s acquisition of money transfer service MoneyGram. A Commerce Ministry spokesman said Thursday e-commerce…
Wanda considers sport unit IPO: sources
The company is owned by Wang Jianlin, one of China’s richest men. An IPO of Wanda’s sports assets would include Infront Sports & Media AG, a Swiss sports marketing company and World Triathlon Corp, the…
HK looks to lure more floats with new IPO rules
[Photo by Edmond Tang/China Daily] With the city facing rising competition to attract initial public offerings, the Hong Kong stock exchange is proposing two chapters of new rules to existing listing ones. Hong Kong lost…
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