Saudi Arabia is emerging as one of the most attractive markets overseas for Chinese car brands as they grab the attention of dealers and drivers in the Kingdom. Car sales in China …
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Givaudan invests in series A fundraising for incubator Next Beauty China
Fragrance and beauty company Givaudan has invested in the series A funding round of Next Beauty, an incubator for emerging fragrance and beauty brands looking to grow in China. The terms of the deal …
Fitch Affirms China Everbright Limited at ‘BBB’; Outlook Stable
Fitch Ratings has affirmed Hong Kong-based China Everbright Limited’s (CEL) Long-Term Issuer Default Rating (IDR) at ‘BBB’ and Short-Term IDR at ‘F2’. The Outlook is Stable. CEL is an asset management …
China starts blocking paid after-school tutoring by public-school teachers
China’s Ministry of Education said on Wednesday that it had begun implementing a campaign to stop paid after-school tutoring services provided by teachers working for public primary and middle schools …
Is China going to fry the global climate?
As Matthew Klein and Michael Pettis write in their book Trade Wars Are Class Wars, the Chinese economy is heavily based on exports in part because it is hideously unequal, and therefore its workers do…
China’s Regulatory Crackdown a Drag on HK’s IPO Pipeline – Bankers
Hong Kong’s buzzing IPO pipeline is likely to taper off in the second half of 2021, as Chinese firms temper their expectations for valuations amid a drastic regulatory crackdown in the mainland, …
Jiayi pulls HK IPO over China’s new education policy
Mainland-based Jiayi Education Holdings, an after-school tutoring company, has dropped its Hong Kong listing plan following news of a radical change to China’s education sector.
China pledges support for small business, but some SMEs see ‘doom and gloom’ amid regulatory crackdown
Chinese Vice-Premier Liu He has promised to ‘keep the temperature right’ for small businesses, but Beijing’s recent crackdown on off-campus tutoring has some entrepreneurs worried.
China’s recent crackdown’s effects on Bitcoin
Bitcoin, the largest cryptocurrency by market capitalization and the world’s most popular crypto, has fallen from its all-time highs to below $30,000 for …
Ant-backed Chinese bike-sharing start-up Hello scraps plans for US IPO
It has become one of the first big casualties of Beijing’s crackdown on overseas listings.. Read more at straitstimes.com.
OTT to pull down pay-TV services revenue in China over next five years, forecasts GlobalData
An analysis of GlobalData’s China Pay-TV Forecast Model reveals that cable TV subscriptions will decline at a CAGR of 7.6% over 2020-2025 due to widespread cord-cutting trend. Internet protocol …
China fixed broadband services revenue set to grow at CAGR of 3.6%
Driven by a continuous rise in high fiber-to-the-home (FTTH) subscriptions and FTTH average revenue per user (ARPU), China’s fixed broadband service revenue is poised to increase at a compound annual …
China science, technology news summary — July 28
The following is a summary of published science and technology news of China. NEW FLOWER, SPIDER SPECIES. New surveys have determined the existence of …
