Zhang Zilong, heir to Mala Prince, initially thought his family was in debt. Despite his newfound wealth, he aims to avoid the ‘fu er dai’ label in China.
Tagged By business
Anti-Dumping Probe Initiated On Aluminium Foil Imports From China
If the DGTR establishes that dumped imports have caused material injury to the domestic industry, it may recommend imposing anti-dumping duties on the inbound aluminium foil shipments from China. Such …
DOJ accuses crypto exchange KuCoin of money laundering violations and receiving billions in suspicious funds
Another crypto firm is facing criminal and civil charges as U.S … Chun Gan and Ke Tang, who are both citizens of China, further alleges that criminal organizations used the platform to launder their …
Tech titans may meet China President Xi Jinping amid tit-for-tat
“There’s little to lose for services companies such as financial institutions or restaurant chains in terms of petitioning for greater access to the Chinese market,” said McMillan. “But for tech …
Throughout Generations: The Chinese Family-Owned Packaging Machine Manufacturing Business Fosters its Recognition in European Market
From ÉLITER Packaging Machinery´s new facility a new dispatch of packaging end-of-line is being preparing to head for a client in Europe, …
China files lawsuit with World Trade Organization against US, citing ‘discriminatory policies’ for EVs in the IRA
China has filed a formal complaint with the World Trade Organization (WTO) against the US Inflation Reduction Act (IRA), …
Subsidy Investigation Sent China’s EV Exports to the EU Plunging by 20%
China’s electric vehicle exports to the EU slumped by 19.6% in the first two months of the year compared to a year earlier.
iPhone Shipments in China Fell 33% in February, State Data Show
Phone shipments in China fell about 33% in February from a year earlier, according to official data, extending a slump in demand for the flagship device in its most important overseas market.The …
Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan
Tsai said in a recent earnings call all Alibaba’s planned IPOs, including Cainiao’s … Though Alibaba’s domestic e-commerce platforms Tmall and Taobao remain China’s largest, they have been losing …
Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce
Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO …
Foreign trade of China’s free trade zones up 11.7 pct in January-February
BEIJING, March 26 (Xinhua) — Foreign trade of China’s 22 pilot free trade zones (FTZs) rose 11.7 percent year on year in the first two months, said Wang Lingjun, deputy director of China’s General …
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
