Wang Yun’an, founder of beverage chain Good me, has become China’s latest “bubble tea billionaire” with a net worth of $1.2 billion after an initial public offering (IPO).
BUSINESS
Trump closed the ‘de minimis’ import loophole ‒ until all hell broke loose
Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration put the order on hold after more than a million packages piled up at New York …
Why China’s tech market is back in business
The rise of China’s DeepSeek AI model is boosting Chinese tech firms including Alibaba, Baidu, and Xiaomi.
China’s Mixue seeks US$500 million in Hong Kong IPO after Guming’s share sale
Chinese bubble tea maker Mixue Group plans to raise about US$500 million from its Hong Kong initial public offering (IPO) after peer Guming Holdings completed a US$232 million upsized share sale in …
China’s Xi Jinping to chair symposium attended by Jack Ma and other business leaders: Sources
Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country’s business leaders including Alibaba co-founder Jack Ma, three …
Exclusive: Xi to chair symposium attended by Jack Ma and other Chinese business leaders, sources say
Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country’s business leaders including Alibaba co-founder Jack Ma, three …
Where China’s Exports Begin: Inside the Vast Markets of Guangzhou
Along the Pearl River in southern China, a fast-growing industry is churning out cheap clothes and toys that are flooding the world duty-free.
Estée Lauder, L’Oreal suffer as global brands’ lustre fades in China
Multinational companies (MNCs) are losing ground in China as their “halo effect” fades amid rising competition and a consumer spending slump, while analysts warn that a trade war with the US could …
Trump: Not concerned about countries shifting business to China
CNBC’s Megan Cassella joins ‘Power Lunch’ to report on the latest remarks from President Trump regarding tariffs.
Geopolitical concerns add to woes for pre-IPO activity, M&As for Chinese companies
GROWING geopolitical concerns from the trade tensions between the US and China are compounding an already cautious outlook among investors on the pre-listing activities, as well as mergers and …
Thai-Chinese Operation Seizes $2.5M in Crypto from Scam Suspects
Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.
Applied Materials gives dour quarterly revenue forecast as export curbs tighten; shares fall
Applied Materials forecast second-quarter revenue below market estimates on Thursday, expecting escalating geopolitical tensions and soft demand for memory chips used in consumer electronics to weigh …
UAE expects more cooperation with China in maritime industry
Hashmi said the UAE government has placed a strong emphasis on sustainability and digital transformation in the maritime sector, aligning with international efforts to reduce emissions, enhance …
