Luxury brands have embraced China’s largest annual shopping spree, helping “Singles Day” break records once again. Firms including Balenciaga and Prada debuted on Singles Day, or Double 11, joining … ( read original story …)
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Singles Day: Luxury brands jump on China’s shopping event
Hong Kong pro-democracy lawmakers resign en masse after Beijing rules to quash dissent
The entirety of Hong Kong’s elected pro-democracy opposition announced its intention to resign Wednesday in protest over the expulsion of four lawmakers, after Beijing passed a resolution giving local … ( read original story …)
JD Retail says sales from China’s lower-tier cities are growing by over 100% this year
JD Retail’s CEO Xu Lei says the Chinese retailer is aiming to become an “all-channel” platform and focusing on penetrating China’s lower-tier markets. ( read original story …)
Mainland China reports 15 new COVID-19 cases vs. 17 a day earlier
Mainland China reported 15 new COVID-19 cases for Nov. 11, down from 17 cases a day earlier, the country’s national health authority said on Thursday. ( read original story …)
China’s Big Tech Crackdown
Welcome to the Capital Note, a newsletter about business, finance and economics. On the menu today: a stalled IPO bodes poorly for China’s tech industry, Ackman’s Big Short 2.0, a bleak economic … ( read…
Why Beijing Hasn’t Called Biden
Four days after the U.S. presidential election was called for challenger Joe Biden, China still hasn’t phoned to congratulate the president-elect. Its delay is matched by a few other autocratic states … ( read original…
Ant IPO And Central Bank Digital Currency: A New Era Of China’s Financial Regulation
China’s new FinTech regulations that halted Ant Financial’s IPO could reduce its valuation by as much as $140 billion, according to Bloomberg. ( read original story …)
China Feihe’s Hong Kong IPO Proves Lucrative For Founder Leng Youbin
China Feihe, one of the China’s largest powdered-milk producers, went public in November last year in Hong Kong. ( read original story …)
High Rise: Billionaire Zuo Hui Dominates China’s Property Transactions Market
Zuo Hui has built KE Holdings into China’s largest platform for residential property transactions and services. And he sees plenty of growth ahead. ( read original story …)
China’s Alibaba says post-COVID Singles’ Day sales hit $74 billion
China’s Alibaba said on Wednesday orders on its e-commerce platforms during the Singles’ Day shopping extravaganza hit a record 498.2 billion yuan ($75.1 billion). ( read original story …)
China Treats People Deemed Vulnerable With Experimental Coronavirus Vaccine
China Treats People Deemed Vulnerable With Experimental Coronavirus Vaccine President Trump has been saying there will be a coronavirus vaccine “within weeks,” and drugmakers are racing to produce one … ( read original story …)
China’s biggest tech firms dive in value as firms fear Beijing crackdown plan
Wednesday was the second day of heavy selling of Chinese tech stocks following the publication of Beijing’s draft plans to “prevent … to halt the much anticipated initial public offering (IPO) of … ( read…
Brazil to Resume Trials of China’s Sinovac Coronavirus Vaccine
Brazil’s health authority Anvisa said it has authorized clinical trials of the Sinovac Covid-19 vaccine to resume after suspending them this week. ( read original story …)
