Trump has already imposed 25% tariffs on $250 billion in Chinese imports and China has retaliated with tariffs on U.S. goods. The sides are now in a stalemate after 11 rounds of talks that have…
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Carrefour Sells Control of China Business at a Discount
(Bloomberg) — Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the…
China says FedEx should offer a proper explanation on Huawei
BEIJING — China’s foreign ministry said on Monday that FedEx Corp should offer a proper explanation, after the firm apologized for refusing to ship a Huawei Technologies phone sent from … ( read original story…
Cartier, Bulgari and other luxury brands are flocking to WeChat
Not long ago, people in China would need to visit a posh, stylish mall for luxury shopping. That’s rapidly changing as high-end brands race to embrace digital channels, which aren’t just the … ( read…
China, HK stocks subdued as investors brace for trade talks
SHANGHAI — China and Hong Kong stocks held steady on Monday, as investors pinned their hopes for any signs of thaw in the Sino-U.S. trade negotiations at the G20 summit later this week. … (…
Beijing wants the US to stop ‘inappropriate’ actions against Chinese firms
The Chinese government would like the U.S. to cancel “inappropriate” actions against Chinese companies, Wang Shouwen, vice minister of commerce, said Monday. The U.S. Commerce Department on Friday New … ( read original story …)
Manufacturer Latest To Reach China’s Billionaire Ranks After IPO
A 110% rise in the share price of industrial goods manufacturer Jiangsu Guomao Reducer after its IPO this month has lifted its founder into the ranks of the world’s billionaires. Guomao Chairman Xu … (…
Hong Kong behind NYSE, Nasdaq in IPO rankings in first half of 2019 as extradition bill and trade war weigh on sentiment
Hong Kong’s stock market is expected to rank third, and Shanghai fourth, in global IPO market rankings for the first half this year, according to latest analysis by Deloitte China’s National Public … ( read…
China’s WeDoctor shelves overseas listing over data concerns
Souring sentiment in China has derailed plans for initial public offerings at facial recognition companies that also have government contracts. Alibaba-backed Megvii put plans to raise as much as $1bn … ( read original story…
Nutraceutical producer Happiness Biotech sets terms for $13 million IPO
Happiness Biotech Group, a China-based nutraceutical and herbal dietary supplements producer, announced terms for its IPO on Friday. The Nanping, China-based company plans to raise $13 million by … ( read original story …)
China Would Fight Trade War ‘to the End,’ State Media Says
(Bloomberg) — China has the strength and patience to withstand the trade war, and will fight to the end if the U.S. administration persists with it, China’s state-run People’s Daily said in an … (…
Amazon’s Merchants Are Feeling the Pain of a Trade War With China
Over the past several years, Shanghai entrepreneur Yung Lin has built a decent business selling wrenches, screwdrivers and other tools on Amazon.com. Then President Donald Trump imposed tariffs on … ( read original story …)
China’s Wanxiang partners with PlatON to power ‘blockchain smart city’
Chinese automotive component manufacturer Wanxiang has partnered with global privacy-preserving computing network PlatON to co-develop the data infrastructure for China’s largest smart city project in … ( read original story …)
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