Alibaba has tapped banks, including China International Capital Corp Ltd (OTC: CNICF) and Citigroup, Inc (NYSE: C), to prepare for the IPO, Bloomberg reports. The firm, worth over $20 billion, is …
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Big Brother gets new powers in China with digital ID system
Japan warns of China’s military moves as biggest strategic challenge
China Vanke Drops After Predicting Bigger First-Quarter Loss Despite Clearing Short-Term Offshore Debts
China’s economy grows 5.3% in first half, despite Trump’s trade war
China’s June oil throughput surges as state-owned refineries ramp up operations
Nvidia to resume H20 GPU chip sales to Beijing, launches China-compliant model
Australian media intercepted in Beijing ahead of PM’s Xi talks
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Alibaba’s Cainiao Logistics Division Prepares For IPO By 2023
China’s top airlines post record annual losses, outlook brighter
China’s flagship carrier Air China Ltd posted record annual losses of 38.6 billion yuan ($5.61 billion)on Thursday as the country’s now-abandoned zero-COVID policy led to a plunge in demand.
China And Brazil Reach Deal To Ditch U.S. Dollar And Trade In Their Own Currencies
China, the prime opponent to US economic power, and Brazil, which currently has the largest economy in Latin America, will be able to carry out their immense economic and financial dealings without …
E.China export hub reports pick-up in sentiment
Business sentiment is picking up in Kunshan, a manufacturing hub in East China’s Jiangsu Province, despite headwinds that have weighed on the city’s exports. The “China collapse” narrative of some …
Alibaba Showcases Business-Friendly Beijing Policy
Shares of Alibaba Group were up after the company put forth its plan to break down its empire into six individual companies and announced their list …
China Vanke Defies Property Woes With $3.3 Billion in Profit
China Vanke Co., the nation’s second-largest developer by sales, arrested an earnings slump by posting 22.6 billion yuan ($3.3 billion) in annual profit, underscoring the divide between private firms …
World stocks rise as bank fears ease; China economy improves
Stocks are rising again as a bit more fear evaporates from Wall Street. The S&P 500 was up 0.7% early Thursday. The benchmark index is on pace for its fifth gain in the last six…
China’s Big Five banks post healthy results, warn of shaky recovery
China’s Big Five lenders posted above 3.5% annual net profit growth this week, but warned that the foundations of the country’s recovery were “not yet solid”.
Worried About Shadow Banking? Don’t Look at China
When we talk about shadow banking, we think of China, one of the world’s most indebted nations. Lending by companies that do not own a banking license has reached 50 trillion yuan ($7.3 trillion), or…
Biden lets China threaten the greenback’s status as the world’s reserve currency
Now, the stage is set for the crown prince to gift the CCP its endgame: Saudi Arabia accepting yuan, not the dollar, for oil sales to China, more than a quarter of its total oil…
China’s HiPhi luxury EV brand plans Europe entry in 2023
Chinese luxury electric vehicle (EV) maker Human Horizons will launch its premium HiPHi brand in some European markets later this year as the company looks to expand overseas, a top executive said on …
Alibaba’s $20 Billion Logistics Arm Gears Up for Hong Kong IPO
Banks including China International Capital Corp. and Citigroup Inc. are working with the company to prepare for the first-time share sale, the people said. The firm is targeting a listing as soon as …
Hong Kong Arrests Show No Letup in Beijing-Driven Crackdown on Dissent
The arrest of a Hong Kong labor activist on national security grounds suggests Beijing is unlikely to relent on its drive to root out dissent the international financial center.
