HNA bought Pactera Technology International Ltd., a Beijing-based information-technology outsourcing services provider, from Blackstone Group in October last year and appointed Goldman Sachs Group Inc. to underwrite an IPO, though Goldman halted work … (…
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China’s retail sales up 10.1 pct in August
The Chinese economy enjoyed better-than-expected growth in the first two quarters of the year thanks to debt-fuelled investment in infrastructure and real estate, although warnings of a potential financial crisis have spurred Beijing to clamp…
Asian Market Update – Friday: Coins point higher after turmoil on Thursday following platform closure in China
The IPO of Matrimony.com of up to $78 million was reportedly subscribed … He has been working and traveling in Asia for several years, and is currently based out of Beijing, China. He mainly follows…
On the Front Line of China’s Chat Sticker Industry
In 2015, Line’s stickers accounted for US$268 million in revenue, according to the company’s 2016 IPO filing. Line Friends has since … A telling example is Block 12 Culture, a Beijing-based intellectual property incubator specializing…
Five Things You Need to Know to Start Your Day
Sign up here Decision day at the Bank of England, the world’s biggest IPO may be delayed, and Trump seeks another … More from Bloomberg.com: Trump Blocks China-Backed Lattice Bid as Beijing Urges Fairness At…
Evening Update newsletter: Foreign buyers retreat from Ontario market; opioid poisoning hospitalizations soared in last decade
Canadian retailer Roots files for IPO Roots Corp. said on Wednesday that it filed for … along the lines of Germany’s reunification 27 years ago. Beijing already has highly productive political and economic relations with…
Rapper’s Delight: China’s Hip-Hop Talent Showcase Boosts Brands
A rapper named Little Dragon struts across a stage, baseball cap slung low on his forehead. The camera cuts to glistening McDonald’s chicken wings, and Little Dragon plugs the product in a rap couplet—in Mandarin.…
China sets targets for supply-side structural reform in agriculture
China is also eyeing an annual average expansion of around 7 percent in the added value of the industry, with the increase of the grain processing rate to 88 percent. By 2020, the number of…
China stocks down for the week even as yuan surge lifts mood
China stocks slipped on Friday to snap a three-week winning streak, as defensive consumers stepped back from a rally, although there were signs investors are pumping fresh money into a market buoyed by solid economic…
Camembert crackdown! China bans soft cheese imports
China is taking a hard line on soft cheese … CEO of Shanghai-based Cheese Republic. His business, which sells imported cheeses online, warned customers of the ban in a message shared Thursday on Chinese messaging…
Chinese online insurer ZhongAn wins HK approval for $1 billion IPO: sources
The IPO would be the biggest by a financial technology company … Tencent Chairman Pony Ma and Ping An Insurance Group Co of China Ltd (2318.HK) Chairman Ma Mingzhe. Its major shareholders include two of…
Apple crushes Samsung in China as iPhone attracts twice the loyalty in upgrades over domestic brands
Young smartphone buyers in China are preferring to buy low-priced domestic brands over phones from Samsung, but the loyalty rate in buying another Oppo or Vivo phone is half that of buyers getting another iPhone—which…
Exports to China called vital for US
according to a report released on Wednesday by the US-China Business Council. The report was released at a time of serious concern about bilateral trade after the United States announced two weeks ago a Section…
