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…
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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…
Here’s why the crackdown on bitcoin in China is ‘not a real problem’ for the digital currency
Josh Olszwicz, a bitcoin trader, told Business Insider the markets are ignoring news out of China because it has zero impact on the coin’s actual blockchain technology. “If it doesn’t affect the protocol, then it’s…
European business hopes China’s new leadership can cure reform ‘promise fatigue’
BEIJING (Reuters) – A top European business lobby said on Tuesday it hopes the new leadership to emerge from China’s Communist Party meeting will show a commitment to market opening, but that its members were…
Best Inc. cuts IPO expectations one day before debut
A man walks in the compound of a distribution hub of the Chinese logistics company Best Inc in Beijing, China June 27 … expected a price range of US$13 to US$15 per ADS and an…
China-based Qudian Inc files for IPO
Sept 18 (Reuters) – China-based online credit provider Qudian Inc said on Monday it has filed for an initial public offering of up to $750 million of class A ordinary shares represented by American Depository…
Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR
The IPO previously consisted of 53.56 million new shares and … Best, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, was counting on optimism over China’s booming logistics market…
Struggle for foreign brands in China spreads to provinces
Multinationals are losing market share in China to domestic rivals as the quality and marketing of home-made goods become more sophisticated, according to our latest brand survey. This trend is particularly notable in third-tier cities.…
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