HONG KONG (Reuters) – Chinese ride-hailing giant Didi Chuxing and Alibaba’s (BABA.N) Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 ……
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China’s Didi, Ant Financial weigh joint $2 billion Ofo buyout: source
China’s Didi, Ant Financial weigh joint $2 bln Ofo buyout -source
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup … Load Error A deal would mark the latest stage of consolidation in China’s once-booming bi… ( read original story…
China’s indebted conglomerates pile into anti-poverty push
The amounts of money being pledged are unlikely to affect the companies’ financial positions materially … Property developer Evergrande, one of China’s most indebted companies, whose bonds are rated … ( read original story …)
People’s Bank of China hires two new deputy governors in battle against financial risks
China’s central bank has boosted the number of its deputy governors to fulfil its expanding role in battling financial risks in the word’s second-largest economy. The People’s Bank of China (PBOC) add… ( read original…
China July services new business growth weakest since December 2015: Caixin PMI
BEIJING (Reuters) – China’s services sector expanded at the weakest pace in four months in July, as there was the least growth in new business since December 2015, a private survey showed on Friday. F……
Heineken seals $3.1 billion tie-up with China Resources Beer, shares surge
“In Heineken we have found the perfect partner to achieve our ambitions in China and – as an international partner – to support us in growing our business outside China.” The companies are conducting ……
China Junk Bonds’ Longest Winning Streak Unnerves Investors
The return of China’s dollar-denominated junk bonds from the brink with the longest rally on record is showing signs of strain. After 13 straight days of declines, yields on Chinese speculative-grade … ( read original…
The US ‘must not let this bill become law’: Beijing blasts defense bill designed to counter China
Beijing expressed last minute dissatisfaction Thursday as the 2019 National Defense Authorization Act made it to the President Trump. The bill “shines a spotlight” on certain Chinese activities deemed … ( read original story …)
China stands its ground after Trump amps up tariff threats
BEIJING/WASHINGTON (Reuters) – China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation’s exports, fueling fears in financial markets that the t… ( read…
China Bank earnings flat at P3.6B
China Banking Corporation (China Bank, stock symbol CHIB) recorded a consolidated net income of P3.6 billion from January to June 2018 — unchanged vs. the first half of last year. Core operating incom… ( read…
Bank while you chat on WhatsApp with South Africa’s Absa
in its latest push to become a digitally-led African bank, with more than 10,000 customers already registered to date since early July. The service faces competition from WeChat, China’s biggest Inter… ( read original story…
China Mobile VPN Market Getting Largest Contribution from BFSI Sector
Mobile VPN is gaining traction in China owing to it growing adoption in multiple industries. The increasing demand of employee productivity enhancement among Chinese enterprises has been driving the m… ( read original story …)
Google might return to China. Here’s why that’s so controversial
Google is reportedly planning to get back into China, a lucrative market where it has a long history of tangling with authorities. The Intercept reported Wednesday that Google plans to launch a search … (…
