The company is benefiting from the emergence of a mass affluent class in China that has driven strong demand for wealth management services. Read now: Marijuana IPOs in 2019: These companies could be … (…
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China tobacco monopoly’s global unit plans Hong Kong IPO
Hong Kong (AFP) – The international wing of the world’s largest cigarette maker — a Chinese state-owned tobacco monopoly — plans to list on the Hong Kong stock exchange, filing documents showed … ( read…
Held up by the shutdown: Aid to farmers, IPO filings, trash collection at national parks
With USDA offices closed, farmers can’t apply for loans or the federal aid President Trump pledged to offset losses from the trade war with China. IPO filings are delayed while the SEC is closed, and…
China’s securities regulator approves two new IPOs
BEIJING, Jan. 5 (Xinhua) — China’s securities regulator has approved the initial public offering (IPO) applications of two companies. The companies are New Hope Dairy Holding Co., Ltd. and Pharmaron … ( read original story…
China’s faltering economy gives US stronger hand in trade talks, Trump says
“China’s not doing well now … “We know what sort of changes we need,” White House economic adviser Larry Kudlow said in an interview with Fox Business on Friday. “Now, the question is can we…
‘Apple Effect’ unlikely to hurt global brands’ China pipelines
China’s total construction pipeline as of Q3 stood at 2,642 hotels and 569,690 rooms—up 9 percent by projects and 6 percent by rooms year-over-year, according to the latest report by Lodging Econometr… ( read original…
China Is Cutting Back on iPhones. Louis Vuitton Handbags Could Be Next
Retailers and investors are watching to see whether that spending holds up. “Luxury brands still benefit from a formidable capacity to recruit new consumers in China,’’ HSBC analysts led by Erwan Ramb… ( read original…
As Troubled Western Luxury Brands Cry ‘Blame China,’ We Look Deeper
Slashing its prediction of first-quarter 2019 revenue, Apple Inc. became the fourth global retailer to cite slowing demand from China as a key factor in diminished sales and earnings expectations. App… ( read original story…
Apple won’t be the last casualty of China’s slowdown
From iPhones to autos, global brands rely on China for growth. Now the country’s economic slowdown is putting their earnings at risk. Apple (AAPL) on Wednesday said that it expected a weaker … ( read…
Apple cuts sales forecast as China sales weaken, iPhone pricing in focus
Apple finds itself in a tricky position in China, a key market for sales and … other Apple devices due to the firm being an American brand. “The much larger issue is the slowing of…
Xiaomi CEO Lei Jun explains why the company decided to make Redmi brand independent
The new brand has already scheduled a launch event on 10th January in China where it will launch its first smartphone with a 48-megapixel camera sensor. While the company announced that the Redmi bran… (…
Chinese Movie Ticketing Giant Maoyan Presses on With IPO
Maoyan, one of China’s two largest movie ticket sales platforms, is warming up its plans for an IPO in Hong Kong. The company, which has backing of Enlight, Tencent and Meituan Dianping … ( read…
World’s Largest Cigarette Maker Plans IPO for Its International Business
In 2012, a bank that it was buying a stake in released figures that showed the cigarette giant had sales of 770.4 billion yuan and net income of 117.7 billion yuan in 2010. CICC and…
