BEIJING — Politics weighs more heavily on foreign companies in China than it has in nearly three decades. The latest flashpoint was Beijing’s fury last week at hotel keeper Marriott and other companies that labeled…
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China luxury sales rebound as millennials snap up cosmetics, handbags: report
SHANGHAI (Reuters) – China’s luxury goods market is back in fashion. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last…
China’s Way or the Highway: Big Business Bows to Xi’s World View
Supreme Court To Start Final Aadhaar Hearing: All You Need To Know An Embarrassed Court, After Judges’ Non-Denials It’s ‘Retail First’ For The IDFC Bank-Capital First Combine India to Split Flag Carrier Into Four Parts…
Google just opened its third office in China
While Google does not operate its search engine business in China, it does run its app store Google Play and the app Google Translate. The company also recently announced it will open an artificial-intelligence research…
Asian shares track weakness on Wall St; China shares higher
Shares were lower in early Asian trading Wednesday after a lackluster session on Wall Street, where the Dow industrial average ended almost flat after backtracking from a broad rally earlier in the day. KEEPING SCORE:…
Chinese conglomerate Dalian Wanda’s hotel division to sell London property project
Wanda wants US$5b from single buyer for five offshore assets as China reins in investments abroad Wanda denied the report but acknowledged it was undertaking a strategic review of its property projects and would consider…
Chinese fintech Lufax set to IPO in April
To learn more and subscribe, please click here. One of China’s largest fintechs, Lufax, plans to launch its initial public offering (IPO) on the Hong Kong stock exchange in April 2018, according to sources quoted…
China’s iQIYI Takes Further Step Toward IPO (Report)
Chinese video streaming giant iQIYI is edging nearer to an IPO in the U.S. The company could seek to raise $1 billion of fresh capital. International Financing Review, part of Thomson Reuters, said Tuesday that…
China rights lawyer Yu Wensheng loses licence
Yu Wensheng, 50, received the news in a letter from Beijing’s Bureau of Justice on … halfway through President Xi Jinping’s first term. In 2017, China jailed a prominent human rights lawyer, Jiang Tianyong, and…
China’s iQIYI Takes Further Step Towards IPO (Report)
Chinese video streaming giant, iQIYI is edging nearer to an IPO in the U.S. The company could seek raise $1 billion of fresh capital. International Financing Review, part of Thomson Reuters, said Tuesday that the…
Xiaomi targeting $100 billion IPO later this year
The IPO could value the Chinese OEM at $100 million … The float would be the first time the Beijing giant has sold shares to the public. The incredible $100 billion figure would see Xiaomi…
China-led bank spreads its wings to Africa, South America to bankroll infrastructure projects
The China-led Asian Infrastructure Investment Bank will be spreading its tentacles to South America, Africa and further into the Middle East soon, as it marks the start of its third year in business, its president…
Sunken tanker leaves 13-kilometre oil slick in East China Sea
A Chinese salvage team on Saturday recovered two bodies from the tanker, China’s state news agency Xinhua reported. Another body, presumed to be one of the Sanchi’s sailors, was found on Jan. 8 and taken…
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