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…
BUSINESS
China is doing more business with India, but it's still far from smooth sailing
By Reshma Patil China has emerged as one of the fastest-growing sources of Foreign Direct Investment (FDI) into India — it was 17th largest in 2016, up from the 28th rank in 2014 and 35th…
Beijing approves first bike-sharing IPO
Public investors will soon get a taste of one of China’s hottest businesses after bike-sharing company Youon won regulatory approval for an initial public offering on the Shanghai Stock Exchange. Officially known as Changzhou Youon…
The New Sun Kings: How China Came to Dominate Solar Power
Then China shook the global solar business — and transformed both their lives. “A small vibration back in China,” said Frank Haugwitz, a longtime solar industry consultant in Beijing, “can cause an avalanche in prices…
Genesis sets sights on China
SEOUL — Genesis, the fledgling South Korean luxury contender, will continue its global rollout by taking on the world’s biggest luxury market, China. Global brand boss Manfred Fitzgerald says the Hyundai spinoff will enter China…
Report: China to Overtake U.S. as Digital Market Leader for Luxury Watch Brands
The latest research by Digital Luxury Group shows that the web traffic from China to luxury watch websites is set to overtake the United States in 2017. (Shutterstock) Luxury watch brands like Tag Heuer have…
Yum China soars after topping expectations for earnings and sales
The China unit that was spun off from KFC-owner Yum Brands reported adjusted earnings per share of $0.44 and revenue of $1.28 billion. Analysts had forecast EPS of $0.38 on revenue of $1.27 billion, according…
L Brands’ March comps sink
L Brands operates 3,078 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 750 additional franchised locations worldwide, as well as online.…
The Great Made in China brand remould
As a global manufacturing hub, China is now trying to break out into new, higher value-added product development. Is “Made in China” ready for a brand facelift? Spire Research and Consulting shared its insights, published…
China's stock market regulator greenlights 10 IPOs
BEIJING, April 8 (Xinhua) — China’s stock market regulator has approved the initial public offering (IPO) applications of ten companies. The companies will be allowed to raise no more than 3.1 billion yuan (about 450…
Beijing-Seoul Rift Over Missile Defense Disrupts Deal Making
This time last year, South Korean private-equity firm MBK Partners LP was shopping around a rich prize—the South Korean operations of ING Groep NV, which it had acquired in 2013 as part of a planned…
Yum China posts positive Q1 on takeout sales, tax break
SHANGHAI Yum China Holdings Inc (YUMC.N) posted a slight rise in first-quarter same-store sales, helped by a jump in takeout demand and improvement at its flagging Pizza Hut brand as the newly spun-off firm looks…
China is building a brand-new city twice the size of New York City
At a total area of 305 square miles, New York City is quite the sight to behold. So imagine the opulence of Xiongan New Area, a newly proposed city in China that would measure 772…