Chinese state media threw its back behind China’s most successful single-player video game to date, saying its adaptation of the Ming dynasty epic “Journey to the West” would force Western players to learn more about…
BUSINESS
Russian finance minister reveals over 90% of bilateral trade with China bypasses U.S. dollar
Russian finance minister Anton Siluanov revealed that 90% of trade with China was outside the U.S. dollar system. Siluanov said the transactions primarily utilized national currencies (Yuan and Rubles …
Walmart Dumps Entire Stake in China’s JD.com
Daisuke Wakabayashi is an Asia business correspondent for The Times based in Seoul, covering economic, corporate and geopolitical stories from the region. More about Daisuke Wakabayashi Claire Fu covers China with a focus on business…
Xinhua Headlines: China’s coffee boom — next big opportunity for global brands
BEIJING, Aug. 21 (Xinhua) — Here is some good news for coffee lovers in China: Chinese coffee giant Luckin Coffee recently opened its landmark 20,000th outlet, and German coffee brand Neumann Kaffee …
China Launches Anti-Subsidy Probe on EU Dairy Imports
KEY TAKEAWAYS China has launched an anti-subsidy investigation into dairy imports from the European Union (EU).The probe comes a day after the EU updated import tariffs on Chinese-made electric …
China’s Didi Turns Profitable as Ride-Hailing Grows Ahead of IPO
China’s leading ride-hailing provider reported a net profit of 1.4 billion yuan ($196 million), from a small loss a year earlier. Revenue climbed 4.1% to 50.9 billion yuan, after ride-hailing …
HKEX Posts Quarterly Profit Growth as IPO, Trading Activity Picks Up — Update
concerns about China’s economy and foreign investors exiting the city, factors that have chipped away at Hong Kong’s reputation as a destination for global listings. The Hong Kong exchange operator …
LVMH’s Sephora Cuts Around 10% of Staff in China as Woes Deepen
Cosmetics retailer Sephora is cutting hundreds of staff in China, according to people familiar with the matter, as one of LVMH’s biggest brands tries to turn around a loss-making operation in the …
China opens investigation into EU dairy exports as trade tensions flare
The Commerce Ministry previously opened investigations into European brandy and pork exports at various stages of the EU investigation into Chinese subsidies for electric vehicles. The tit-for-tat …
China Launches Anti-Subsidy Investigation Into EU Dairy Imports
China has launched an antisubsidy investigation into dairy imports from the European Union, marking the latest escalation in trade tensions between the two sides.
In the News: Nasdaq Tightens Chinese Listings; China Tax Evasion; and US Closes Tariffs Loophole;
Nasdaq questioned the identities and backgrounds of Chinese IPO investors; China rolls out new phase of Golden Tax System; and U.S. Congress attempts to prevent Chinese companies from using de minimis …
China begins exporting innovative all-electric equipment — and it could revolutionize the construction industry
It’s no surprise that China has been developing new technologies to better serve the global environment, especially in the notoriously polluting cement and concrete industries, which make up 8% of the world’s planet-heating carbon pollution,
Hong Kong bourse posts first profit growth in three quarters as IPO activity gains momentum
Hong Kong Exchanges and Clearing (HKEX) 0388.HK has recorded its first profit growth in three quarters, achieving record revenue and income for the April-June period amid a resurgence in IPO and …
