Luckin Coffee shares fell below their IPO price Wednesday. The Beijing-based company is trying to overtake global giant Starbucks as the biggest coffee chain in China. The start-up has expanded … ( read original story…
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Apple’s China business faces another blow from Trump’s Huawei ban
The U.S. crackdown on Huawei Technologies Co. could make Apple Inc.’s already troubled business in China even more difficult, hobbling iPhone sales in the world’s biggest smartphone market and … ( read original story …)
Trudeau toughens tone against China as Canadian delegation presses for release of detainees
Last week, President Donald Trump signed an executive order giving his government the power to ban U.S. companies from doing business with foreign telecommunications suppliers that are alleged to pose … ( read original story…
Apple profit risks rise amid US-China trade fight, analyst says
Apple’s China business accounted for more than 17% of its sales in its fiscal second quarter, coming in at $10.22 billion. China is considering cutting natural gas purchases from the U.S. in its … (…
Shares of Saudi shopping mall giant slip in major IPO launch
Treasury Secretary Mnuchin says no plans to go to Beijing for… Treasury Secretary Steven Mnuchin … DUBAI — One of Saudi Arabia’s largest initial public offerings (IPO) in five years has slipped … ( read…
Bank of China Council Member: Owning Bitcoin Is Still Legal in China
Holding Bitcoin Is Still Legal in China China has been one of the strictest countries for cryptocurrency enthusiasts due to the ban imposed on some crypto activities in the country. However, it is … (…
China’s big three airlines seek Boeing compensation over 737 MAX grounding
China’s three biggest airlines have asked U.S. plane maker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss … (…
Saudi Arabia’s largest IPO since 2014 begins trading
U.S. President Donald Trump’s latest tariff increase — and Beijing’s plans to counter them — are hitting … Saudi Arabia’s largest initial public offering (IPO) in five years has edged above … ( read original…
Think Tank: China’s ‘Skintellectuals’ Raise the Bar for Beauty Brands
As the global skin-care industry undergoes a scientific revolution, vague promises of a younger-looking face are no longer enough for savvy Chinese beauty shoppers. A trend that has manifested in the … ( read original…
Is the Luckin Coffee IPO a potential yummy four bagger?
Luckin Coffee, the Xiamin based Chinese Starbucks, priced its IPO at the higher end of its $15 – $17 range. Luckin was founded a mere two years ago with a single store in Beijing but…
China ready for further U.S. trade talks, ambassador says
WASHINGTON/BEIJING (Reuters) – Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States Cui Tiankai said, as a top U.S. business lobby in China said nearly half … ( read…
US-China trade war manufacturing exodus creating boom times for Chinese logistics companies
The US-China trade war has created an unlikely winner: the Chinese logistics companies facilitating the exodus of manufacturers looking to dodge tariffs. The supply chain shift has been claimed as a … ( read original…
Bitcoin Rally Has Legs Amid Trump Versus China
And, depending on where the leaders of the U.S. and China take their trade war next, the crypto-asset rally may indeed have legs. And for reasons that should worry economists. It’s well known that ……
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