The federal government will impose new restrictions on how small-business owners can divide income among family members as of Jan. 1, even though the promised details haven’t been released. Small-business owners are increasingly concerned that…
BUSINESS
Hebei Construction US$297m IPO is first in Hong Kong to target China’s massive Xiongan project
Xiongan New Area, established in April and just a couple of hours south of Beijing, is part of China’s efforts to … plans to issue 433.334 million shares in the Hong Kong IPO, with an…
Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO: Report
Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO as early as next year, according to a report from Bloomberg. The Beijing-based company has picked up momentum to challenge phone competitor Huawei in its…
China Education Group seeks HK$3.4 billion from IPO, eyes acquisitions in Europe and UK
China Education Group, a leading higher private education provider, said it was seeking an initial public share offer of up to HK$3.4 billion (US$435 million), with part of the proceeds to be used to acquire…
Canada, China delay launch of trade talks
Premier Li Keqiang lauded the “golden age” of relations with Canada and said China was amenable to continuing exploratory trade talks. The two countries have spent months in exploratory talks that have taxed China’s patience…
Apple, Google at China internet fest shows lure of market
director of the University of Nottingham’s China Policy Institute. “There has never been a time when an American company is less likely to be called out by the White House for pursuing a business-first approach,”…
China says 2018 growth target to reflect new changes in economy
China’s economic growth target for 2018 will reflect new changes in the economy as the government put more emphasis on higher quality development, the State Council Information Office said on Monday. The government will set…
Xiaomi Seeks Valuation of at Least $50 Billion in IPO
The Beijing-based company is considering an offering as soon as … the world’s fastest growing smartphone market. A successful IPO may bring it at least $5 billion, much-needed ammunition for expansion, the people said. Kaylene…
Lexinfintech delays U.S. IPO pricing as China reins in micro-loan sector: source
BEIJING (Reuters) – Chinese consumer lending firm Lexinfintech will delay the pricing of its planned Nasdaq IPO to conduct more due diligence, a source with direct knowledge of the situation said – a move that…
Tencent-backed online doctor start-up seeks Hong Kong IPO
Tencent, the world’s largest video games company by revenue and operator of China’s biggest social network, spun off its 44 per cent-owned online search service, Sogou, in an initial public offering (IPO) in New York…
China’s Lexinfintech to conduct additional IPO due diligence, to delay listing
BEIJING, Dec 4 (Reuters) – Chinese consumer lending platform … according to a source with direct knowledge of the situation. The decision will extend the IPO timeframe and came after new rules regulating the industry…
China isn’t taking over the world just yet
Almost daily, newspapers in the US, Europe and China release eye-catching headlines about China’s technological advances and economic prowess. The accomplishments are real. But they’re not necessarily evidence of Western failure or Chinese invincibility. (…
China’s Xi says country will not close door to global internet
Business groups say the rules unfairly target foreign firms. China has advocated strongly for a larger role in global internet governance under Xi. “China stands ready to develop new rules and systems of internet governance…
