Chinese missiles have reappeared on a disputed island in the South China Sea amid rising tensions with the United States. Satellite images of Woody Island, China’s largest base in the Paracel Islands that are also…
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Kim’s wingman: Air China flight shows Beijing’s influence
When North Korean leader Kim Jong Un hitched a ride on an Air China plane to his summit with Donald Trump in Singapore, the signal was clear: Beijing remains Pyongyang’s diplomatic wingman. Kim had never…
Xiaomi unveils big loss as it prepares to hawk IPO to investors
The company, led by billionaire co-founder Lei Jun, is said to be seeking about $10 billion in an IPO that could become the world’s … smartphones in the US and compete against Apple Inc. The…
Trap or treat? Funds to raise billions for tech IPOs in China
SHANGHAI (Reuters) – Asset managers began fundraising for six Chinese “unicorn” funds on Monday, offering retail investors a new investment channel but potentially straining tight market liquidity. The 300 billion yuan ($47 billion) they seek…
China’s Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering. That compares with a net loss of 43.89 billion…
China’s Xiaomi posts $1 billion first quarter loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing. That compares with a net…
Beijing’s tight grip on economy leaves tycoons on a tightrope
Like elsewhere in the world, mixing business with politics has pitfalls and even dangers. This is particularly so in China where, as the government’s stranglehold over the economy is still immense and the policymaking process…
North Korea seen looking to China, not U.S., for help in any economic transformation
As well as China, North Korea may also look to other economies where tight top-down control has been kept, including Vietnam or even the ‘chaebol’ business structures of South Korea, which could allow something closer…
China’s most important sector still has opportunity
China has seen a big shift in people moving from the countryside into the cities this century. Government intervention has helped keep the market on track. Consolidation provides opportunity. Despite long-running international concerns about China’s…
Why China has Canada spooked about the world’s plastic waste crisis
And now, six months after China shut its doors to accepting roughly half of the world’s plastic waste, bales of Canadian recyclables are being diverted to landfills or shipped to other plastic-choked regions of Asia…
China’s Xi calls out ‘selfish, short-sighted’ trade policies
QINGDAO, China (Reuters) – Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects “selfish, shortsighted” trade policies, and called for building an…
All the ways China could keep its eyes and ears on the US-North Korea summit without being there
US officials are reportedly bracing for China to covertly make its presence known at the summit between US President Donald Trump and North Korean leader Kim Jong Un. As the June 12 meeting in Singapore…
Xiaomi gets IPO nod from HK exchange, say sources
Offering could become world’s largest first-time share sale since Alibaba’s listing BEIJING • Xiaomi has won Hong Kong stock exchange approval for its planned initial public offering (IPO), which would be the first listing in…
