Last month, Chinese e-commerce site Alibaba reported a rise of online sales of 32% to 120.7 billion yuan (US$17.73 billion), an impressive number, indeed. But that wasn’t a quarterly figure, or even a monthly tally–those…
BUSINESS
Which Luxury Brands Will Have the Luckiest Chinese New Year?
At a time when China’s economy faces turbulence and the country’s anti-corruption campaign continues at full speed, some luxury brands are faring much better than others in maintaining their appeal with Chinese shoppers. According to…
Foreign cosmetic brands cut retail prices in China market
High-end cosmetic brands, including Estee Lauder and Amorepacific, have announced price cuts in the Chinese market in the new year in response to lowered consumption tax. The South Korean beauty company Amorepacific said on Tuesday…
Crossovers, China and the Buick conundrum
It’s the fastest-growing major international brand on the planet. Except, what exactly does “international” mean here? Buicks are sold in only four countries: the United States, Canada, Mexico … and China. For obscure historical reasons…
Tiffany, Tesla, and Apple Among U.S. Brands That Could be Most Affected by a Trump-Led China Trade War
He may not be pressing for an investigation against Hillary Clinton and his “great wall” along the Mexican border is no longer a top priority, but one campaign promise Donald Trump appears ready to follow…
Estee Lauder and AmorePacific lower China prices by up to 30 per cent
Cosmetics giants Estee Lauder and AmorePacific have lowered prices in China by up to 30 per cent in the wake of the country’s new import tax regime. “From January 15, we will bring the prices…
China’s Sogou targets $5b IPO to Chase rival Baidu
Beijing: China’s third-biggest search engine expects to hold … Sogou, whose name means “search dog,” plans to sell about 10 per cent of its shares in an IPO that will probably be held this year,…
Sogou targets IPO at $5bn valuation to chase Baidu
Baidu’s headquarters is seen in Beijing. Baidu accounted for 44.5% of mobile search … Sogou, whose name means “search dog,” plans to sell about 10% of its shares in an IPO that will probably be…
China’s Sogou Targets $5 Billion IPO to Chase Rival Baidu
China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the…
Sogou in search of US$5 billion from an IPO as it chases bruised rival Baidu
While Baidu remains the biggest provider across all platforms in China, it’s under siege after a scandal over medical advertising as smaller rivals including Sogou and Qihoo 360 Technology win mobile users. Wang plans to…
3 Reasons China Stocks Can Rise 40% in 2017
Turbulent conditions in China’s domestic bond market, with issuance cancellations and a back up in yields, were in our view the main drivers of this change …” The analysts note that regulators accelerated the IPO…
PwC sees rising IPOs in Shanghai and Shenzhen
PwC said there has been a spurt in the number of IPOs since August, as the China Securities Regulatory Commission moved to accelerate the pace of listings. “Due to global instability and IPO suspension and…
PwC: Hong Kong will have the most IPOs in 2017
Alibaba owns the South China Morning Post. Alibaba chose to list its shares in New York in 2014, in a world record-breaking US$25 billion IPO. The choice of New York followed Hong Kong’s refusal to…
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