China’s largest music-streaming company, Tencent Music Entertainment Group, is following the lead of Spotify and preparing an IPO that could value the company at more than $25b. The Wall St. Journal reported that internet behemoth…
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China may backslide on deleveraging if trade war looms
China has also this year vowed to lighten the tax burden on … higher inflation and some localized unemployment if factories in affected sectors see their business hit, but neither are expected to be severe,…
At war with Alibaba: Top brands fight China e-commerce giant
SHANGHAI — It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 per cent jump in online sales on Alibaba’s Tmall, thanks to the e-commerce giant’s…
China opposes all forms of protectionism, commerce minister says
BEIJING (Reuters) – China opposes all forms of protectionism and will firmly safeguard the world’s multilateral trading system, its commerce minister wrote on Monday in the ruling Communist Party’s official newspaper. China will quicken the…
China’s ZTE seeking a solution to U.S. tech ban
BEIJING — ZTE Corp., one of China’s biggest tech companies … The sanctions could handicap ZTE’s global business selling smartphones that use Google Inc.’s Android system and network gear for phone and internet companies that…
China’s Tencent Music Edges Towards IPO (Report)
Tencent Music, the music distribution business of China’s social media giant Tencent, could be headed for an initial public offering later this year. The Wall Street Journal reported that Tencent expects to audition investment banking…
Treasury chief may visit China as trade tensions simmer
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to…
Tariff Dodgers Stand to Profit Off U.S.-China Trade Dispute
In China, a company called Settle Logistics says it knows a way … “it is the U.S. government’s role to judge which country the products are originally from, and whether this business is legal or…
China’s ZTE says it’s seeking a solution to US tech ban
BEIJING — ZTE Corp., one of China’s biggest tech companies … The sanctions could handicap ZTE’s global business selling smartphones that use Google Inc.’s Android system and network gear for phone and internet companies that…
China welcomes U.S. to visit China to discuss trade
BEIJING (Reuters) – China on Sunday said it welcomed plans by top U.S. officials to visit the country to discuss trade and economic issues, amid tensions between the world’s two largest economies. “The Chinese side…
Buddhist activists halt Chinese holy mountain IPO
Putuoshan Tourism Development has withdrawn its IPO application from the China Securities Regulatory Commission, according to a notice from the regulator, following a campaign waged over several months by monks who sought to frame the…
China approves 2 IPO applications
BEIJING, April 21 (Xinhua) — The China Securities Regulatory Commission (CSRC) approved the IPO applications from two companies Friday. They are allowed to raise up to 1.5 billion yuan (238 million U.S. dollars), the CSRC…
China Huarong confirms chairman departs after probe, shares tumble
Huarong said in a statement to the Hong Kong stock exchange late on Thursday that Lai’s departure “will not cause any adverse impact to the business.” Wang Zhanfeng, head of the Guangdong branch of China’s…
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