For Didi, which defeated Uber’s attempt to build a successful China business, used cars offer a potentially lucrative addition to its growing empire. “They want to own as much business as possible related to transportation,”…
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Hong Kong poised to be toppled from top of global IPO league table for first time in two years
During the period, US$2.69 billion was raised from 32 deals on both the main board and the Growth Enterprise Market, data from Thomson Reuters showed, a sharp fall from the US$11.74 billion seen a year…
Chinese brands outstrip rivals in market share
That’s more than double the growth rate of the passenger car sector as a whole, according to statistics from the China Association of Automobile Manufacturers. Chinese brands seized 43.2 percent of the market share in…
Russia and China quietly build business bonds
There has been no shortage of big investment promises each time a Chinese government delegation has visited Moscow in recent years, but concrete deals have often been lacking. So the $9.1bn stumped up by CEFC…
China’s Alibaba bringing online payment platform AliPay to Canada
Ma hosted Trudeau, Foreign Affairs Minister Chrystia Freeland and Canadian business representatives at the company’s campus in Hangzhou, China last September. ( read original story …)
Deloitte China looks to advisory services involving fintech, mergers and acquisitions
Audit income dropped to only about 40 per cent of all business, down from 80 per cent in the early 1990s, Tsang told the South China Morning Post. In contrast, managing consulting and advisory services…
Why China’s outbound investment has swung from feast to famine
China’s initiative to invest in strategic industries globally … Compared to New York, He said Hong Kong’s strength lies in its proximity to where Chinese companies are doing business, relatively lower communication cost and compliance…
Parcel delivery in China, a cutthroat business
SHANGHAI — As e-commerce explodes in China, a fierce price war has broken out among parcel delivery companies, stripping away profit margins and threatening a major industry shakeout. The more consumers prefer to shop online,…
China pollution controls hit iron ore prices
Demand for Australian iron ore is expected to fall sharply as China rolls out anti-pollution measures. The damage is compounded by risk averse investors as North Korean tensions simmer. The benchmark spot price tumbled 12…
Rise of China’s army of ‘personal shoppers’
And while it is often individuals doing the buying and selling, their collective buying force they can literally make or break a business. There is no estimate of the value of the “grey” market from…
China rust belt opens door wider to foreign investors
Elsewhere, companies are increasingly voicing frustration about investment barriers in sectors from automotive to finance, while China subsidises its own domestic businesses. The EU business chamber issued an annual report on Tuesday saying companies were…
How Chinese brands are beating Samsung, taking on Apple
What the 23-year-old bought instead was a Huawei Nova 2, a dual-camera smartphone unveiled this summer by China’s Huawei Technologies, priced at 2,899 yuan ($599) – about two-thirds that of the iPhone 6S. “I don’t…
Week In Review: Zai Lab Completes $150 Million U.S. IPO; Investors Push Valuation To $1.4 Billion
Zai Lab (Pending:ZLAB) raised $150 million in its US IPO after the company increased the size of the … Bellen, a CRO headquartered in Beijing, raised $38 million in a B funding. Founded in 2007,…
