For a growing number of retailers, China presents a major opportunity for expansion as local consumers get richer and demand quality goods and services. Yet there are many high-profile cases in which Western brands have…
BUSINESS
Why a U.S-China trade war could be a ‘net negative’ for Canada
China urges U.S. to ‘pull back’ on trade as tensions rise China … Canadian retailers could also see an uptick in business, as the trade dispute would cause the price of consumer goods to go…
The biggest loser in a trade war between China and the U.S.? It’s you (but don’t worry about it)
China says it does not want a trade war … cost millions of Americans their jobs and dry up business investment if the global economy seized up. The WTO has made similar warnings. But ultimately…
iQIYI: A Mostly Overlooked Chinese IPO
The proposed offering price is attractive and the focus on Chinese tariffs could hold back the IPO excitement. As the market focuses on streaming video and music services in the U.S., a fast growing opportunity…
China says it may hike tariffs on U.S. pork, other goods
China has announced a list of U.S. goods including pork and aluminum pipe it says may be hit by higher tariffs in response to President Donald Trump’s higher import duties on steel and aluminum. The…
Dow tumbles more than 700 points after Trump’s China tariff push
China blamed U.S. export restrictions for its record trade … Those jitters, plus weaker than expected German business confidence data, caused European shares to fall 1.6 per cent. U.S. Federal Reserve nudges up interest rates…
The ‘Chinese Netflix’ iQiyi is gearing up for$2 billion–plus IPO: 4 things to know
It would also mark the highest-value IPO since Snapchat parent Snap Inc. SNAP, +3.56% went public last March in a $3.4 billion deal, said Smith. Underwriters Goldman Sachs (Asia), Credit Suisse, Bank of America Merrill…
Chinese drone maker DJI seeking at least $500 million in pre-IPO funding: sources
HONG KONG (Reuters) – China’s SZ DJI Technology Co Ltd, the world’s largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock…
OneSmart International Education Files Updated Terms For U.S. IPO
OneSmart International Education Group intends to raise $196 million in a U.S. IPO. The firm operates a growing K-12 offline education services business to affluent and mass-affluent demographics within China. A history of strong growth…
China’s young consumers are snubbing foreign brands amid growing national pride, says Credit Suisse
China is seeing the emergence of a generation of consumers who are more likely to opt for home-made brands, spurred by a growing sense of national pride, according to a survey by Credit Suisse. The…
American Business Leaders In China Concerned About Trump’s Trade Actions
U.S. businesses in China have had their intellectual property stolen, technology ‘transferred’ and some have had data taken from them by China’s government. But many U.S. business leaders say the trade actions President Trump is…
Budget fashion brand H&M launches on Alibaba’s Tmall in China
SHANGHAI (Reuters) – H&M, the world’s second-biggest fashion retailer, launched its core brand on Alibaba’s giant online marketplace Tmall on Wednesday to try to keep up with competition in China. It is the first time…
China vows to safeguard national interests in response to U.S. trade probes
Trump has accused the Chinese government of forcing U.S. companies to transfer their intellectual property to China as a cost of doing business there. Voicing hopes that Beijing and the United States could avoid a…
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