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 will be equivalent to 16.4 percent…
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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…
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…
China tells Trump that North Korea nuclear issue must be solved via talks
U.S. President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria…
China wants to sign a post-Brexit trade deal with the UK, but the idea it’s going to happen quickly is fantasy
So what lies in store for the future of Sino-British trade relations? Business Insider spoke to five experts in UK-China relations, whose opinions and predictions appear mixed. Here, they answer the key questions: If the…
Bad News, World: China Can’t Solve the North Korea Problem
After each North Korean provocation, a soothing mantra echoes through the halls of government and think tanks in the United States. China, it is frequently said, could solve this seemingly unsolvable problem, finally reining in…
Breakingviews – China’s house rental push is past due
HONG KONG (Reuters Breakingviews) – Beijing wants more people to rent. More leases and fewer mortgages could put China’s overheated property sector on a more sustainable footing, plus increase economic efficiency. But the initiative is…
China Investment Corp. cuts stake in Teck Resources to 10.4%, from 17.8%
China Investment Corp. has reduced its holding in Teck Resources Ltd. (TSX:TECK.B) by more than one-third, to 10.4 per cent. The Vancouver-based mining company says a CIC subsidiary has sold 42 million class B Teck…
China’s economic growth statistics may finally add up, in 2019
For local officials in China’s provinces keen to boost their chances of promotion, the days of being able to puff up the output data they send to Beijing may be coming to an end. Fifteen…
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