BEIJING, April 21 (Xinhua) — The China Securities Regulatory Commission (CSRC) approved the IPO applications from two companies Friday. They are allowed to raise up to 1.5 billion yuan (238 million U.S. dollars), the CSRC…
BUSINESS
China Huarong confirms chairman departs after probe, shares tumble
Huarong said in a statement to the Hong Kong stock exchange late on Thursday that Lai’s departure “will not cause any adverse impact to the business.” Wang Zhanfeng, head of the Guangdong branch of China’s…
China is obsessed with stopping jaywalkers — and is now spraying them with water
One city in China has built bollards that spray jaywalkers with water, and tell pedestrians that “Crossing is dangerous.” The system also uses facial recognition technology to capture and shame wayward walkers. Facial recognition technology…
Exclusive: U.S. sorghum armada U-turns at sea after China tariffs
CHICAGO (Reuters) – Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters…
Rise of Xiaomi: the Chinese start-up poised to become world’s biggest IPO of 2018
I think Xiaomi’s business model is very different from theirs, even if it has absorbed some of their uniqueness Lei Jun China’s securities regulator showed its goodwill by approving a 27 billion yuan IPO application…
Rise of Xiaomi: how humble Chinese start-up became a giant poised to be 2018’s biggest IPO
I think Xiaomi’s business model is very different from theirs, even if it has absorbed some of their uniqueness Lei Jun China’s securities regulator showed its goodwill by approving a 27 billion yuan IPO application…
Whiskey sour? China importers fret over U.S. trade battle
The uncertainty gripping the niche market – U.S. whiskey imports to China were worth only $8.9 million last year – reflects the wider concern in the U.S. business community in China that the trade standoff…
China’s JD.com makes push to lure European luxury brands
MADRID (Reuters) – Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it can offer faster delivery and better protection against fakes than bigger rival…
Buick unveils electric concept car in China, where the brand is more popular than it is in the US
Buick unveiled an electric concept car Tuesday in China, which remains the brand’s biggest market, by far. The Buick Enspire is an all-electric sport utility vehicle that can drive zero to 60 mph in 4…
China to open auto market as trade tensions simmer
Germany’s BMW (BMWG.DE), which has a big stake in trade relations between Beijing and Washington as the biggest exporter of vehicles from the United States to China, welcomed the car decision. “We believe a more…
China currency moves hang in the balance in U.S. trade spat
(Reuters) – U.S. President Donald Trump’s latest complaint about China devaluing its currency is off base. But the yuan could potentially become a major sticking point in efforts to resolve the trade dispute between the…
Tmall Global Gives Spanish Beauty Brands Boost in China
Spanish skincare companies have over 10 million reasons to be optimistic about their future in China. That’s the number of ampoules—a small sealed vial containing a beauty serum with highly active ingredients—that were sold during…
Old brands develop for new era
TIANJIN – At a trade fair in North China’s Tianjin, Liu Fang has found a kind of colored ink interesting. The Ostrich-brand ink is mixed with golden powder, making written characters sparkle on paper. Liu,…
