In 2012, a bank that it was buying a stake in released figures that showed the cigarette giant had sales of 770.4 billion yuan and net income of 117.7 billion yuan in 2010. CICC and…
Tagged By beijing
China Tobacco’s IPO Will Be Far From Smoking Hot
The Hong Kong IPO of China Tobacco International (HK) Co. is looking like a hard sell. The offshore unit of China National Tobacco Corp. is not only in a sunset industry that’s been under attack…
Censoring China’s Internet, for Stability and Profit
“Missing one beat could cause a serious political mistake,” said Yang Xiao, head of Beyondsoft’s internet service business, including content reviewing … more than 800 million internet users in Chin… ( read original story …)
Apple’s China Trouble Makes Trump’s Trade War Harder to Defend
That case may be harder to defend now that the collateral damage includes one of America’s most recognizable brands. Apple Inc. on Wednesday lowered its outlook for first-quarter revenue after a large… ( read original…
Can China’s debt-ridden millennial and Gen-Z shoppers continue to prop up their favourite luxury brands?
The Chinese dream of luxury brands is largely dependent upon the nation’s millennial and Generation-Z shoppers, whom global management consultants Bain & Company estimated would account for 46 per cen… ( read original story …)
U.S.-China trade war takes toll on global manufacturing
Survey compiler IHS Markit cautioned the improvement did not herald a big change in the outlook for Britain’s stuttering economy — it was caused in large part by manufacturers stockpiling … in a si… (…
China’s arrest of Canadians sending a chilling message to investors, NGO boss warns
“China’s economy is facing some headwinds and so is going to want to attract businesspeople, is going to want to show it’s open for normal business,” Malley told CBC News. “Now is not the time…
Huawei, Xiaomi, OPPO and Vivo to maintain lead in China in 2019
The Chinese smartphone was led by Huawei, Xiaomi, OPPO and Vivo brands in China in the previous year. Industry experts are of the view that the four companies will continue to maintain their lead in…
Building a brand key to catering success
China Restaurant Insider CEO Qin Chao, host of the summit, said it is a golden age for catering. Founder of the Grandma’s Home restaurant chain Wu Guoping spoke about design in catering. He said that…
The Latest: Taiwan rejects China’s call for unification
President Tsai Ing-wen said Tuesday that China must face the fact of the existence of the Republic of Taiwan. She made the statement to news media hours after Chinese President Xi Jinping said in a…
China’s Xi vows to bring Taiwan under Beijing’s control
Taiwan is China’s most sensitive issue and is claimed by Beijing as its sacred territory. Xi has stepped up pressure on the democratic island since Tsai Ing-wen from the pro-independence … ( read original story…
China cuts oil refiners’ import quotas for 2019
China issued its first batch of crude oil import quotas for 2019 on Wednesday at a lower volume than for the same batch a year ago though expectations are for the volumes to climb later…
Activity on social media of Canadian detained in China raises questions
BEIJING (Reuters) – The social media accounts and messaging apps of a Canadian businessman detained in China have been active since he was arrested in December on suspicion of being engaged in activit… ( read…
