WeRide delayed its plan for an initial public offering in the U.S., citing the need for more time to complete documents. It has been a dry market for Chinese IPOs in the U.S. in recent…
BUSINESS
Russia’s Oil Exports to China Plunge After Putin’s Visit With Xi
China’s imports of Russian oil dropped by nearly one-third in four months, a worrying trend for Moscow’s heavily sanctioned economy.
China’s securities market greets new IPO rules; institutional investors asked to undertake risk assessment for IPOs
VCG. Securities Association of China (SAC) recently drafted a decision on revising the investor management rules for initial public offerings (IPOs) and …
EU must compensate dairy sector if Irish food exports become ‘collateral damage’ in trade war with China, farmers warn
A move by China to potentially hit Ireland’s diary sector in a tit-for-tat response – after the European Union slapped tariffs on electric car imports – has been met with anger and disappointment from the…
Sephora layoffs: LVMH’s cosmetics retailer brand trims around 10% of China staff as woes deepen
While Sephora has expanded to some 300 stores since entering China in 2005, the country is increasingly difficult for higher-end retailers to navigate as consumers seek out cheaper goods amid a …
Walmart’s Booming China Business Paved Way for JD.com Split
Walmart Inc. is flying so high on the strength of its Chinese operations that it’s exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to foreign …
Pound hits one-year high amid US interest rate cut hopes; PwC braces for China ban over Evergrande audit – business live
Rolling coverage of the latest economic and financial news. 08:39 Gatwick Airport has said it is “experiencing one of our busiest summers yet”, after 19.9 million passengers travelling …
Pound hits one-year high amid US interest rate cut hopes; PwC braces for China ban over Evergrande audit – business live
Rolling coverage of the latest economic and financial news. 08:39 Gatwick Airport has said it is “experiencing one of our busiest summers yet”, after 19.9 million passengers travelling …
ANALYSIS: US-China relations and the trillion-dollar question for global markets
The tech industry, global trade patterns, and international markets all hang in the balance, awaiting the outcome of the US presidential election …
Daily Cuts – Luxury brands suffer as Chinese growth slows
China’s economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world’s top luxury brands. LVMH sales in Asia, which include China but not Japan, fell…
China’s PwC slap may yet pack a punch
PricewaterhouseCoopers can finally start to think about putting its involvement in the China Evergrande scandal behind it. The auditor’s China unit may soon be given a record fine and a six-month ban,
Passed the peak? China’s crude oil imports trend down: Russell
China is also encouraging consumers to switch from older, less efficient vehicles to NEVs or more efficient ICE cars. This month Beijing announced an enhanced trade-in programme that will offer …
One of China’s hottest new EV makers says it lost $9,200 for each $30,000 smart car it delivered
Xiaomi’s first EV, the $30,000 Speed Ultra 7, sold out within a day of its March launch, but isn’t expected to break even for a while.
