Mobike, one of China’s biggest bike sharing brands, announced its entry into the U.S. market Wednesday in a company statement. Mobike, one of the world’s largest smart bike-sharing companies, rode into its first US city,…
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Three attractive designer watches from fashion brands
There’s a certain amount of snootiness on both sides: the watch crowd feel like the fast and loose, style-over-substance timepieces the fashion brands churn out cheapen their craft, whereas the fashion houses find the established…
China banks reportedly to halt business with North Korea as South Korea sends $8 million
North Korea learned this week Chinese banks will no longer do business with the Hermit Kingdom, in the strongest sign yet pressure from the Trump administration to choke off funding to the rogue nation is…
Alibaba-backed Best seeks last-mile logistics growth after IPO: CEO
HONG KONG (Reuters) – China’s Best Inc BSTI.N, flush with $450 million from a U.S. initial public offering (IPO), is broadening its scope in so-called last-mile logistics in China as a key strand of its…
Alibaba-backed Best sees shares pop 14% in $450 million IPO
Still, the IPO was scaled back from its earlier proposals of a 62.1 million share offering, priced at $13 a share to $15 a share. Best’s delivery management system, founded in 2007, has been bolstered…
China’s top online-only insurer ZhongAn sets terms for Hong Kong IPO as Softbank weighs in
ZhongAn plans to issue 199 million new shares at HK$53.70 (US$6.88) to HK$59.70 apiece for an up to HK$11.9 billion (US$1.5 billion) IPO on the Hong Kong Stock Exchange China’s top online-only insurer ZhongAn sets…
China rises at Frankfurt car show
Tapping into nostalgia for the brand’s heyday, Borgward also unveiled a sporty Isabella concept car inspired by a legendary 1950s coupe of the same name. The reborn German-Chinese manufacturer, which is already producing cars in…
India replaces China as top retail destination in 2017: Study
“India has replaced China this year as the top retail destination as part … “This has triggered the entry of global brands into India with transparency and ease,” he added. According to India Retail Report…
Alibaba-backed Best Inc raises $450 million in IPO after slashing terms
The revised IPO one day before its market debut suggested weak investor … a person close to the deal told Reuters. Best was banking on China’s booming logistics market to justify its valuation, but concerns…
China announces trade secrets crackdown to assure investors
It says the goal is to “increase foreign investment.” Investment into China fell in the first half of 2017 following two decades of regular double-digit annual increases. That reflects what business groups say is growing…
China’s new middle class swaps karaoke for cruise holidays and thrilling rides, survey shows
China’s new middle class are increasingly turning away from leisure activities such as singing karaoke to seek novel experiences such as cruise holidays and thrilling rides in theme parks, according to a survey by consultancy…
North Korea’s biggest trading partner is China — and it’s not even close
China has historically been North Korea’s biggest trading partner — and it’s not even close. Business Insider put together two charts comparing North Korea’s imports and exports by country using 2015 data from the Observatory…
China stocks edge up on business optimism; Hong Kong steady
SHANGHAI, Sept 20 (Reuters) – China stocks edged higher on Wednesday, with sentiment propped up by signs of optimism among business leaders and expectations the government won’t tolerate sharp volatility in the country’s financial markets…
