In an unusual move, Anbang Insurance Group will now be taken over by China’s insurance regulator for one year. The firm is known for its aggressive international acquisitions, including New York’s Waldorf Astoria hotel. “Clearly…
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China seizes control of insurance giant Anbang
China’s Huawei set to lead global charge to 5G networks
FRANKFURT/HONG KONG (Reuters) – China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime position to lead the global race for next-generation 5G networks despite…
China’s central bank continues to inject liquidity into market
BEIJING, Feb. 23 (Xinhua) — The People’s Bank of China, the country’s central bank, pumped 230 billion yuan (about 36 billion U.S. dollars) into the financial system through open market operations Friday. The operations will…
China prosecuting tycoon who considered Kushner investment
News reports have accused Anbang of misreporting the source … Regulators said they wanted to cool spending on foreign real estate and other assets they said did nothing to develop China’s economy. Following that, Anbang…
China’s cutthroat smartphone market is coming down to a handful of major brands
Consumers in China are waiting longer for more significant upgrades in features before replacing their smartphones, contributing to a slowdown in sales in the world’s largest mobile handset market. Major Chinese smartphone firms are expected…
Beauties revive cosmetics brands
For instance, Cle de Peau Beaute, a high-end brand of Japanese cosmetics manufacturer Shiseido Co Ltd, has been in the China market for nearly two decades. But, until recently, it remained largely obscure and was…
China insurance regulator takes control of Anbang Insurance Group, chairman prosecuted
BEIJING/SHANGHAI (Reuters) – Anbang Insurance Group Co Ltd, one of China’s biggest insurance conglomerates, has been taken over by the country’s insurance regulator for one year, and its chairman has been prosecuted for economic crimes.…
U.S. And China To Face Off Over Aramco IPO
Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national oil company, Saudi Aramco. As…
China has dropped its one-child policy, but women aren’t having more children
But despite how controversial — and brutal — the original policy was, the latest data on childbirth in China is not what you might expect. China’s one-child policy was established in 1979 by then-leader Deng…
China Mobile Leads in Telco Innovation for 5G While European Telcos Merely Spectate
Unexpected Movers (And Losers) Identified in New Telco Innovation Benchmarking Study OYSTER BAY, N.Y., Feb. 22, 2018 /PRNewswire/ — In its latest groundbreaking benchmarking study to identify the movers and losers in telco innovation, ABI…
World Bank : Promoting a More Inclusive and Sustainable Development for China
BEIJING, February 22, 2018-China can achieve more inclusive and sustainable development with coordinated reforms across a broad range of areas that maximize development impact and address its development challenges, says the World Bank Group’s new…
The 10 Most Taboo Topics for Luxury Brands in China
Public outrage over supermodel Liu Wen’s recent holiday greeting demonstrates how easy it has become to “hurt the feelings” of the Chinese people (or their bots), even when using social media sites that are banned…
Xiaomi expands into the Philippines after conquering India in push ahead of IPO
Often dubbed “China’s Apple”, Xiaomi has been aggressively pursuing overseas markets amid increasingly stiff competition at home. It also needs to find diversified, long-term earnings channels to boost investor confidence ahead of a planned IPO…
