British retailer Marks & Spencer on Wednesday became one of the first major brands to back a drive to stop forced labour in cotton and garment sourcing from China’s Xinjiang region. ( read original story…
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China ride-hailing giant Didi Q2 swings to net profit
Shenzhen Children’s Palace is back with a new futuristic glow-up
China’s JD.com tops quarterly revenue estimates
China to keep imposing anti-dumping duties on Indian single-mode optical fibre imports
EVs dominate China’s car market: 5 takeaways from the country’s latest auto sales data
China’s Mach 5+ hypersonic weapons turn to stars for navigation when GPS signals fail
Mass evacuations in Beijing as Typhoon Dolphin brings more torrential rain to China
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Britain’s M&S backs call to stop forced labour in China’s Xinjiang
Chinese classical music platform Kuke Music sets terms for $55 million US IPO
Kuke Music Holding, which provides classical music licensing, subscription, and education services in China, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise … ( read original story …)
SoftBank’s Son Is Poised for Another IPO Windfall in 2021
SoftBank Group Corp. is preparing to take at least six more of its portfolio companies public this year, building on a 2020 turnaround that pushed the value of Masayoshi Son’s technology conglomerate … ( read…
Beijing Sends Stark Message to Biden With Hong Kong Crackdown
China’s unprecedented arrest of dozens of leading Hong Kong opposition figures illustrates the depth of Joe Biden’s challenges with Beijing. By the time he becomes U.S. president, there might not be … ( read original…
NYSE Moves Ahead With China Stock Delisting Amid Reported White House Pressure
The New York Stock Exchange reversed its own decision not to delist three China-based stocks Wednesday, just hours after it pledged to keep them on the Big … ( read original story …)
Renaissance Capital’s 2020 Global IPO Market Recap
Despite the postponement of mega-IPO Ant, Asia Pacific drove proceeds (51% of proceeds; +53% y/y) with the year’s largest IPOs including China’s SMIC and Beijing-Shanghai Railway, followed by North … ( read original story …)
The conspicuous absence of Chinese tech mogul and Alibaba co-founder Jack Ma
The Alibaba co-founder’s disappearance from public view amid a clampdown by China’s regulators has fueled rumors, and may be a warning to fellow fat cats. ( read original story …)
NYSE will delist three big China telecoms, reversing decision once again
The stock exchange will remove U.S.-traded shares of China Telecom, China Mobile and China Unicom from the Big Board, the NYSE said Wednesday. ( read original story …)
‘Total submission’: With mass arrests, China neutralizes Hong Kong democracy movement
Dozens were detained under the national security law in the biggest onslaught in Beijing’s campaign to wipe out democratic aspirations in the financial center. ( read original story …)
The Ordinary’s China Distributor, SuperOrdinary, Gets Investment From ACG
Alliance Consumer Growth has made a minority investment in SuperOrdinary, a company that specializes in helping U.S.-based beauty brands expand into China. SuperOrdinary was started by Julien Reis, an … ( read original story …)
Snow Lake urges MGM Resorts International to sell 20% of China business – letter
Investment firm Snow Lake Capital on Wednesday urged MGM Resorts International to sell 20% of its China business to a strategic partner, calling it a “win-win transaction” for all. ( read original story …)
China notifies Mekong River neighbours it is holding back waters
China has notified downstream neighbours it is holding back the Mekong River flow at a hydropower dam on the waterway’s upper reaches for 20 days, as part of a new data-sharing pact, the Mekong River…
GM delivered 2.9 million vehicles in China in 2020, down 6.2% y/y
General Motors Co’s vehicle sales in China fell 6.2% in 2020, as the U.S. automaker suffered a prolonged sales slowdown in the world’s biggest auto market. ( read original story …)
