China Mobile proposed a special dividend on Thursday to mark the 20th year since its Hong Kong listing after first-half profits at the state-owned telecommunications group beat expectations. Net profit at China Mobile rose 3.5…
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Senate Republican moves to give US an edge on China in harvesting minerals for weapons systems
Live updates: Trump told donors he threatened to bomb Moscow and Beijing, audio shows
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China Mobile posts proposes special dividend as H1 profits outperform
Beijing says it supports further action on North Korea, but Chinese experts doubt it will ‘obey’ US on tough sanctions
China on Thursday said it backed further measures against North Korea, although Chinese analysts doubted Beijing would support tough new sanctions being proposed by the United States. The US is seeking an oil embargo, a…
China e-car venture Future Mobility names brand Byton, eyes U.S., Europe
SHANGHAI (Reuters) – Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has named its brand “Byton” that it plans to launch in the United States and Europe soon after…
Apple, Chinese Brands Beat Samsung’s China Q2 Sales Despite Galaxy S8 Release
Despite bringing its Galaxy S8 flagship phone to China, Samsung still failed to increase its sales in the country. Meanwhile, Apple managed to emerge as the top smartphone seller during the second quarter, with Chinese…
Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO
The Hangzhou-based company, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, plans to list on the New York stock exchange and the IPO is expected to value Best at…
Goldman suspends work on U.S. IPO of HNA’s Pactera unit: sources
Goldman was not formally mandated for the IPO, which was in the early stages … It is seeking to raise capital through convertible bonds, two of the sources said. HNA, one of China’s most acquisitive…
Blocked in China, Facebook Is Said to Seek a Shanghai Office
Like other cities in China, Shanghai has been eager to attract technology start-ups and other internet-related investments. Earlier this year, a woman listed as the executive director of the company that released Colorful Balloons on…
China’s ICO Ban Doesn’t Mean It’s Giving Up On Crypto-Currencies
There were 43 ICO platforms in China as of July 18, according to a report by the National Committee of Experts on the Internet Financial Security Technology. Sixty-five ICO projects had been completed, the committee…
Mexico signs e-commerce deal with China’s Alibaba Group
The deal comes as Mexican President Enrique Pena Nieto wraps up a trip to China to discuss trade and investment, as part of a strategy to diversify and open new markets for his country’s products.…
Hashtag Trending – Tech execs react to DACA repeal, Google hiring in China
Tech executives speak out against Donald Trump’s move to end DACA, Google is hiring artificial intelligence talent in China, and Lenovo fesses up to spyware. From Twitter, technology company executives are reacting to this weekend’s…
China developing sea launch system to boost space commerce
State-owned China Aerospace Science and Technology Corporation (CASTC) said it is developing sea launch systems for commercial payloads to be carried by Long March rockets in 2018. The group disclosed its plan for the sea…
Shenzhen Kaizhong Precision Technology Co. Ltd. Makes Superior Proposal to Acquire Pacific Insight Electronics Corp.
SHENZHEN, China, Sept. 06, 2017 (GLOBE NEWSWIRE) Shenzhen Kaizhong Precision Technology Co. Ltd. (“Kaizhong” 002823.SZ) is pleased to announce that it has made a binding superior proposal (the “Superior Proposal”) to acquire all of the…
How UK football expertise could help China win World Cup
That is creating opportunities for British firms as Chinese entrepreneurs, hoping to profit from President Xi Jinping’s edict to make China a successful football nation, seek overseas expertise. “I first launched a football business in…
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