China Feihe has also seen total revenue growth of more than 45 percent in the same period, according to the company. Its total sales reached 6.8 million yuan ($980 million) in 2016. The brand’s market…
BUSINESS
China-Based LexinFintech Files For $500 Million U.S. IPO
LexinFintech has filed its initial registration statement for a $500 million IPO. The firm operates two online consumer credit services and is growing revenues rapidly, reaching the $600 million mark in September 2017. We don’t…
High School Teams Head to China, Mixing Basketball and Business
R. J. Barrett is only 17 years old, but he is already a world traveler. Raised in suburban Toronto, he plays basketball for a high school in Montverde, Fla. Last summer, he led Canada to…
No ‘golf diplomacy’ allowed: How one rule shaped Trump’s visit to China
told Business Insider. It’s possible that Beijing’s approach to golf could have in fact harmed their international relations. “Golf is popular throughout many parts of Asia and President Trump’s affection for the game suggests that…
China appears to have crossed Trump on North Korea
Donald Trump on Wednesday said China backed him on North Korea. But the next day China contradicted him. Even South Korea has expressed doubts about Trump’s goal in dealing with North Korea. After a 12-day…
Tencent-backed Yixin, Hong Kong’s 10th hottest IPO, disappoints in debut
China Literature, the country’s largest e-book site and online publishing house, started trading last week after becoming the hottest IPO in Hong Kong this year. It has the advantage of being able to generate profit…
Maimai, LinkedIn’s biggest China rival, raises US$750m in funding and aims for 2019 IPO
Maimai.cn, China’s biggest rival to global professional networking giant LinkedIn, has secured US$750 million in a latest funding round from US top tech investors DCM Ventures and IDG Capital, and is now targeting an initial…
China Tech Titan’s Touch Is No Guarantee of U.S. IPO Riches
Investors are learning that the backing of Tencent Holdings Ltd., China’s largest social network operator, is no guarantee of IPO riches. Stock buyers piled into the initial public offering of the Chinese technology titan’s e-book…
Despite Trump’s $250B announcement, companies hesitant to sign binding deals with China
During a five-country tour in Asia, President Donald Trump announced $250 billion worth of business deals with China, including the first-ever, long-term binding gas contract between the two countries. Continue Reading Below U.S.-based energy company…
Few banks seen queuing for China’s red carpet invite
“It would be very difficult for them to change the (business) landscape,” said a banker with an European bank. The bankers and lawyers declined to be named due to the sensitivity of the issue. The…
China is about to take the entire global economy for a wild ride
The question is whether or not the Chinese government will solve this problem the way it always has — by making credit easier and putting aside the business of reform. The way the rest of…
Jessica Rudd steaks her claim on China
AACo’s new recruit, Jessica Rudd, is also the owner of Jessica’s Suitcase, an online business selling infant products and food and health supplements into China. Photo: Glenn Hunt Ms Rudd has more to her CV…
Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs
After deducting amounts owed to its original shareholders and debt holders, and other accounting adjustments, the amount Shanghai Pharmaceuticals Holding will pay to fully buyout Cardinal’s China business is US$557 million. The acquisition will help…
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