The Beijing-based company sold 19.8 million American depository shares at $10.5 each, the people said, who asked not to be identified because the information wasn’t public. GSX marketed the shares at … ( read original…
Tagged By blockchain
China Plans Self-Sufficiency In Milk Formula
China has announced a plan to improve confidence in domestic infant milk formula. The intention of the National Development and Reform Commission (NDRC) is to obtain a higher market share for domestic … ( read…
Despite tariffs, hotel operators double down on China expansion and eye Vietnam
The U.S.-China tensions have emboldened U.S. hotel operators to double down on their expansions across China to ensure they get their brand in front of the important Chinese traveler. Large hotel … ( read original…
China wants domestically made baby formula to supply 60% of market
BEIJING (Reuters) – China aims to increase local production of baby formula … there is more consumer confidence in domestic formula, and Chinese brands are getting more competitive globally. Chinese … ( read original story…
Explainer: U.S.-China trade war – the levers they can pull
Many American brands in China have joint ventures with Chinese partners, and these would also be hurt by government pressure. Both sides have already slowed visa approvals for academics … ( read original story …)
Why China’s rare earths threat is no game changer in the trade war
China has threatened to stop exporting rare earths — minerals found in a wide range of everyday consumer electronics — to the U.S. The U.S. is not a big maker of technology products, so cutting…
Jamieson Wellness Inc. Secures New Product Licences in China
Three additional Jamieson brand products now licensed for sale in the domestic retail and e-commerce markets in China TORONTO — Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company … ( read original story …)
China unlikely to target Apple, says Tim Cook – 9to5Mac
The US trade war with China will provoke Chinese citizens to turn away from Apple and buy domestic mobile brands instead, according to an analyst note […] The analysts predicted that Apple’s … ( read…
Chinese AI start-up Megvii rethinks IPO plan this year
“SenseTime is in no hurry to IPO and it’s quite profitable,” said one investor. An absence of the two AI groups would leave further dent China tech’s IPO calendar. Early last year, bullish bankers ……
Chinese blockchain entrepreneur aims to sway Buffett on cryptocurrency
A worker checks on Bitcoin mining equipment at a facility in the Garze Tibetan Autonomous Prefecture, Southwest China’s Sichuan Province. File photo: VCG Chinese blockchain entrepreneur Sun Yuchen, … ( read original story …)
China’s home-grown brands benefiting from resurgence as trade war shifts focus closer to home
Trend, known as ‘guochao’ in Chinese, sees storied brands reinventing themselves with crossover and ancillary products to entice a new breed of millennial shoppers Warrior trainers and Shanghai M&G … ( read original story …)
Canada says China plans more meat import inspections, industry fears disaster
a move meat industry executives said could have “a disastrous effect” on their business. China has already blocked imports of Canadian canola seed and temporarily suspended permits from two Canadian … ( read original story…
China effect on cryptocurrency market
Losing control over financial transactions can be a nightmare to more conservative countries such as China. Chinese authorities are planning to ban crypto-mining, including Bitcoin, as an “undesirable … ( read original story …)
