It’s second to another China-based logistics provider, Cianiao, which has approximately $1.5 billion in total funding. Going public in the US will shorten the IPO process, allowing Best Logistics Technologies to access capital more quickly.…
BUSINESS
Trump says China won't be labelled a currency manipulator
Backing away from a campaign pledge, President Donald Trump says his administration will not label China a currency manipulator in a report due this week, though he does feel the U.S. dollar “is getting too…
China slams Shanghai for environmental violations
SHANGHAI China’s business hub of Shanghai has slacked off in efforts to improve the environment, levying fines too small to deter polluters, hundreds of whom have flouted closure orders, authorities said on Wednesday. Standards had…
Trump backs away from labeling China as currency manipulator
President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would…
Business Booms in China for BBJ
Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the…
Shanghai may build new airport for business flights
There were 900 turbine helicopters and 450 business jets in China as of 2016, with compound annualized growth rates of around 6 percent and 9 percent, respectively, over the past decade, said Charles Park, director…
Is Yum China a Better Bet for Investors Than Yum! Brands?
On Nov 1, 2016, Yum! Brands, Inc.YUM announced that it has spun off its all-important China division into an independent, publicly traded company Yum China Holdings, Inc. YUMC. Post separation, Yum China holds exclusive rights…
How Western contemporary fashion brands are cashing in on Hong Kong’s luxury downturn
But in the past few years, visitor numbers from China have dropped, while slower economic growth has dented the confidence of local shoppers – a double whammy for big luxury retailers. Lesser-known retailers and contemporary…
Starbucks in China to extend health coverage to employees’ parents
When Starbucks approached the country’s insurers on the plan, they were often met with surprise, said Belinda Wong, chief executive officer for Starbucks’ China business. There wasn’t such a program in place and one had…
China sees strong IPOs in first quarter of 2017
BEIJING, April 11 (Xinhua) — The performance of China’s A-share IPO market was strong in the first quarter of 2017, according to a report by international accounting firm KPMG Tuesday. A total of 134 IPOs…
United Airlines passenger expulsion prompts allegations of racism in China
United does considerable business with Chinese passengers and a consumer boycott could cause serious pain. United says it operates more non-stop U.S.-China flights to more cities in China than any other airline. Rowdiness has long…
Korean brands' strength falls
South Korean marques are losing ground in China as local brands in the world’s largest auto market are offering improved quality and a wider choice of SUV models. In March, Hyundai Motor sold 56,026 cars…
Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
The board, which gathers twice a year, often meets abroad but only once before had a meeting in China, in 2010. Aramco has appointed international banks with access to Chinese investors to advise on the…
