HONG KONG (Reuters) – China Tower Corp’s shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-US trade tensions weighing on investor sentiment toward the world’s … ( read original…
BUSINESS
Luxury brands eye younger customers
[Photo by Ma Jian/for China Daily] More than four months after French fashion house Christian Dior became the first luxury brand to have an official account in China on shortvideo app Douyin, it had a……
China Tower barely changed in HK debut after world’s largest IPO in two years
HONG KONG (Reuters) – China Tower Corp Ltd’s (0788.HK) shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment to… ( read original story…
Here’s The 7 Bad Boys of China’s Luxury Brands
For luxury labels, choosing the right brand ambassador in China can be a daunting task. Many of China’s online youngsters are rabidly loyal to their chosen idols, and shows like Idol Producer reinforc… ( read…
China, new brands lead IHG’s first half
InterContinental Hotels Group executives said the company is expanding in China via its Franchise Plus platform and is growing both organically and through bolt-on acquisitions from recently embedded … ( read original story …)
The Bad Boys of China’s Luxury Brands
For luxury labels, choosing the right brand ambassador in China can be a daunting task. Many of China’s online youngsters are rabidly loyal to their chosen idols, and shows like Idol Producer reinforc… ( read…
China Tower pursues 5G ambition with $6.9bn Hong Kong IPO
HONG KONG — Despite the shock waves from a full-blown trade war with the U.S., China continues to harbor a dream of being a global leader in fifth-generation wireless communications. It has sent Chin… (…
Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan – sources
HONG KONG (Reuters) – Alibaba Group (BABA.N) plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance … ( read original story…
China’s Didi to invest $1 billion in its auto services platform
China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial p… (…
China Tower raises most in an IPO globally since 2016
China Tower Corporation, the world’s largest telecommunications tower group by revenue, has raised $6.9bn its initial public offering, the biggest amount garnered globally in a market debut since 2016 … ( read original story …)
China Tower prices IPO at bottom of price range after weak retail interest, raising US$6.9 billion
China Tower has priced its initial public offering at the bottom of the indicative price range, raising HK$54.3 billion (US$6.9 billion) amid lukewarm retail investor interests, according to several p… ( read original story …)
Heineken, China Resources Beer seal $3.1 billion tie-up in premium brands push
HONG KONG/SHANGHAI (Reuters) – Heineken NV (HEIN.AS) is buying a $3.1 billion stake in the firm controlling China Resources Beer (0291.HK), China’s largest brewer, as the companies seek to tap a growi… ( read original…
China July services new business growth weakest since December 2015: Caixin PMI
BEIJING (Reuters) – China’s services sector expanded at the weakest pace in four months in July, as there was the least growth in new business since December 2015, a private survey showed on Friday. F……
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