SAN FRANCISCO (Reuters) – China’s Beijing Bytedance Technology Co plans to announce late Wednesday that it is shuttering the popular Musical.ly video app it acquired for nearly $1 billion in December … ( read original…
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Huawei becomes the fastest growing brand in Chinese smartphone market in Q2 2018
The sale apparently boosted Honor and Huawei past Xiaomi. The report suggests that Honor alone is now a bigger brand than Xiaomi in China. To top that, Xiaomi’s market share declined annually in China ……
Opinion: China “Hearts” Emojis, So Why Aren’t Luxury Brands Using Them?
Emojis have become essential to online conversations in every country around the world, and China is no exception. For young people in particular in China—a country that doesn’t encourage outward emot… ( read original story…
China vows retaliation if Trump slaps 25 percent tariff on $200 billion of Chinese imports
Investors fear an escalating trade war between Washington and Beijing could hit global growth, and prominent U.S. business groups, while weary of what they see as China’s mercantilist trade practices, … ( read original story…
Asian factories slow as China-U.S. trade conflict starts to bite
HONG KONG (Reuters) – Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China se… ( read original story …)
China Tower raises $6.9 billion in world’s largest IPO in two years: sources
HONG KONG (Reuters/IFR) – China Tower Corp Ltd (0788.HK) has raised $6.9 billion after pricing its initial public offering (IPO) at the bottom of an indicative range, four people close to the deal sai… (…
China Tower raises $6.9 billion in world’s largest IPO in two years, sources say
China Tower last month set a price range of HK$1.26 to HK$1.58 for its share sale. The world’s largest telecoms tower operator sold 43.1 billion new shares, or 25 percent of enlarged share capital, at…
China Tower’s retail shares only just sell out as biggest IPO of 2018 fails to woo the public
China Tower has only just managed to sell all the shares available to the public in its Hong Kong IPO, the biggest worldwide for almost four years, according to people familiar with the deal. The…
China IPOs: Why Chinese Companies List Overseas
For many years, China’s emerging companies, especially those in the internet sector, have relied on foreign capital. Alibaba and Tencent were nurtured by overseas venture capital, and were eventually … ( read original story …)
China Tower’s IPO looks like a straightforward affair
Visitors look at the Qualcomm display area at the Mobile World Congress 2018 in Shanghai. With a 5G rollout coming and China determined to be a global leader in this field, China Tower will need…
China’s Sinochem Energy files for $2 billion Hong Kong listing
HONG KONG (Reuters) – Sinochem Energy, a unit of China’s state-owned Sinochem Group, has filed for a Hong Kong initial public offering (IPO) of about $2 billion, as the group seeks to raise capital am……
Global IPO kitty at $94.3 billion in January-June: Report
In the Asia-Pacific region, riding on a strong second quarter 2018, Japan IPO volumes declined only 5 per cent and proceeds increased 8 per cent over first half of 2017. In Greater China, despite a…
China brands to capture 54% share in global smartphone market
Chinese smartphones will capture combined market share of 54 percent in 2018 in the global smartphone market, research firm TrendForce said. This is because leading smartphone brands such as Samsung, … ( read original story…
