Despite calling Los Angeles’ Venice Beach boardwalk home, Snap Inc., the parent of popular social media app Snapchat, is concerned about how foreign governments could harm its business. In its IPO filing released Thursday, Snap…
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Chinese fintech firm Wangjin Holdings plans $500 million HK IPO in 2017: IFR
The financial technology company would join other technology startups planning Hong Kong listings this year, including Lufax, China’s biggest peer-to-peer lending and wealth management platform, which plans a $5 billion IPO. (Reporting by Fiona Lau…
China raises short-term interest rates in fresh tightening sign
China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of policy tightening as the economy shows signs of…
Correction: Trump-China story
BEIJING, China – In a story Jan. 21 about reactions to Donald … “It’s really uncertain whether he can properly run the U.S.,” Wei said. “A business person can run a country very well, but…
China service trade deficit rises in December
BEIJING – China’s foreign service trade deficit continued to grow last month, the State Administration of Foreign Exchange (SAFE) said Thursday. The deficit stood at $26.1 billion in December, up from $25.4 billion in November…
China tourism revenue rakes in $61.7 billion in new year holidays
BEIJING: China’s tourism industry has raked in USD 61.7 billion in revenue during the on going Chinese New Year holidays with more affluent people becoming increasingly keen to travel. The volume marked a year-on-year increase…
China tourism revenue surges in week-long holiday
BEIJING – China’s tourism industry raked in 423.3 billion yuan ($61.7 billion) in revenue during the Lunar New Year holiday, as more affluent people become increasingly keen to travel. The volume marked a year-on-year increase…
The stocks linked to China’s missing tycoon Xiao Jianhua
Xiao Jianhua (肖建華), ranked 32nd with his wife on Hurun’s China Rich List 2016, is estimated to be worth US$5.97 billion. A Peking University graduate, he founded his business in 1993 through three closely held…
Apple sees business in mainland China picking up, but Hong Kong not so much
Greater China was Apple’s weakest market for another quarter, but CEO Tim Cook says it is actually doing better in mainland China, with Hong Kong accounting for much of the weakness. Overall, quarterly sales in…
China Stocks Fall as Central Bank Tightens Policy
China stocks snapped a five-day winning streak on Friday after Beijing unexpectedly raised short-term interest rates on the first trading day after the Lunar New Year holiday, in a further sign it has moved to…
3 of 5 Most Valuable Global Bank Brands Are Chinese
In a new ranking of the world’s top banking brands, a China-based bank tops the list for the first time, while two more Chinese bank brands nabbed a spot in the top five and a…
Across the globe, a golden year for China’s smartphone brands
China’s smartphone makers had a bumper 2016, luring in more buyers around the world than ever before. In the ultra-competitive global smartphone market, three Chinese brands made up the top five, collectively shipping 316 million…
Acorn International Continues to Defend its Proprietary and Licensed Brands in China with Win in Trademark Infringement Dispute
SHANGHAI, Feb. 1, 2017 /PRNewswire/ – Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”) has announced that it has received the final ruling from Beijing Xicheng People’s Court (“the Court”) holding in Acorn’s favor.…