Uber-like Chinese startup Full Truck Alliance is preparing for a US initial public offering that could raise at least US$1 billion as soon as this year, after eking out a slim 2020 profit thanks to…
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China’s HNA Group says creditors want it declared bankrupt
HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have … ( read…
China’s regulator drafts rules on corporate governance of banks and insurers
China’s banking and insurance regulator issued draft rules on Friday on corporate governance of banks and insurers, the latest regulatory move to contain management risks of financial institutions. ( read original story …)
China’s Top Bottled-Water Group Swells to an $85 Billion Valuation
Nongfu Spring’s profit margins and growth potential have impressed investors and analysts. Exuberance and a shortage of tradable shares have helped, too. ( read original story …)
UPDATE 1-Retail buyers flood China’s Kuaishou HK IPO with $162 bln offered
China’s Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, three … (…
China says former head of state-owned asset management firm executed in bribery case
BEIJING — China says former head of state-owned asset management firm executed in bribery case. Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, … ( read original story…
UPDATE 1-China’s HNA says creditors have applied for its bankruptcy
China’s HNA Group said on Friday that its creditors have applied to a Chinese court for the company to be placed in bankruptcy and reorganised, in another blow to the once high-flying conglomerate. ( read…
China’s January factory activity growth likely slowed as COVID cases rise: Reuters poll
China’s factory activity likely expanded at a slower pace in January amid a resurgence of local COVID-19 cases, a Reuters poll showed, although growth is seen staying at an elevated level, suggesting … ( read…
Online luxury retailer Mytheresa eyes China expansion with tailored shopping experience for wealthy consumers
Getting fully attuned to Chinese consumer behaviour is the key to brand growth in the US$236.6 billion market, says CEO. ( read original story …)
West must respond to China’s bid for technology dominance: new report
West must respond to China’s bid for technology dominance: new report Western countries urgently need to develop a coordinated response … ( read original story …)
China aims to develop 15 electronics firms with revenues over 10 bln yuan by 2023
China’s Ministry of Industry and Information Technology said on Friday it aims to develop 15 electronic component producers with revenues in excess of 10 billion yuan ($1.6 billion) by 2023. ($1 = … ( read…
Smart technology is reviving traditional companies in China
Smart technology is reviving traditional companies in China At a restaurant in Shunde, Guangdong province, robot chefs prepare meals, … ( read original story …)
China Is Collecting Americans’ DNA To ‘Control The World’s Biodata’: Report
The Chinese government may be collecting Americans’ biometric information as a weapon to “control the world’s biodata.” … ( read original story …)
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