Saudi Arabia is also trying to build more investment ties with China, and according to The Journal, the Saudis hope that Chinese firms and funds would buy major chunks of Aramco’s IPO next year, expected…
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Saudi Aramco in Talks to Buy PetroChina Refinery Stake — Update
Recently, bridge-building between the two countries has accelerated as Saudi Arabia seeks to boost its supply of oil to China, as well as gather investors for a proposed listing of part of Aramco. That IPO,…
Goldman Sachs Buys into Aramco $10 Billion Loan as it Seeks IPO Role
Goldman Sachs (GS.N) has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as it … JPMorgan, HSBC and Bank of China. Aramco plans to raise $100 billion through the listing of five…
Blog: Q2 2017 Quarterly VC Update: Hans Tung on the State of Venture Capital Investing
Investors are more cautious as to what IPO valuations will be, therefore fewer deals are currently getting done. There will definitely be an uptick, given the size of many private companies. On US-China dealflow: I’m…
Unappetizing: Yum Brands’ earnings fall on lower revenue
In October, Yum Brands spun off its China business, Yum China, as a separate, publicly trade company. Yum China is now a licensee of Yum Brands in China. ( read original story …)
China’s designers want to tell the fashion story without bamboo and pandas
One of them is Hong Kong-listed JNBY, short for “Just Naturally Be Yourself”, a Chinese fashion brand that has over 700 retail stores in China and overseas operations in 12 countries. Frank Zhu, chief financial…
China just held a drill to shut down ‘harmful’ websites as it tightens its grip on the internet
HONG KONG, Aug 3 (Reuters) – China held a drill on Thursday with internet service providers to practice taking down websites deemed harmful, as the country’s censors tighten control ahead of a sensitive five-yearly political…
China says India is building up troops amid border stand off
FILE PHOTO: Indian Prime Minister Narendra Modi and Chinese President Xi Jinping leave after a group picture during BRICS (Brazil, Russia, India, China and South Africa) Summit in Benaulim Thomson Reuters BEIJING (Reuters) – China’s…
Crown profits fall as VIP business almost halves after China crackdown
James Packer’s Crown Resorts is reconsidering its long-running business of luring wealthy foreign high-rollers to Australia amid the scandal over its actions in China and a massive revenue slide in its VIP program. The casino…
Centre looks to trim drug input imports from China
“If tensions escalate, we worry it will cast a shadow on business,” said an executive whose company imports raw materials from China. ( read original story …)
Doubts about the future for China’s nuclear export business
Global interest in nuclear energy is experiencing a lull, prompting valid questions about China’s decision to invest in such technology as a long-term export market. Many existing nuclear projects are dependent on Chinese financing; China’s…
Samsung reshuffles China’s business by closing 7 outlets
Korean tech giant Samsung Electronics has announced it will reshuffle its business in China and close seven outlets amid sluggish business results in the world’s largest smartphone market, according to foreign media reports. An official…
Air China to fly Dreamliner to New York
Both aircraft’s business class offers a fully flat seat, though the seat products themselves are different. Details of the three-times weekly service are as follows (all times local): Meanwhile, another of Air China’s Beijing-New York…
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