Mobvoi, a Chinese artificial intelligence company and smart device maker, has selected banks for a Hong Kong initial public offering that could raise about $200 million to $300 million, according to …
Tagged By business
Taiwan ambassador: China a threat but island still open for business
Taiwan’s democracy is confronting both military and “gray zone” information warfare threats from China and is adopting asymmetric weapons to defend itself, the country’s unofficial ambassador to the United States said in an interview.
LinkedIn Scales Back in China and Cuts Over 700 Jobs as Tech Industry Struggles Continue
Amidst challenging macroeconomic climate and tech industry layoffs, LinkedIn plans to shut its InCareer app in China and cut 716 jobs, while Silicon Valley’s housing market cools down as demand wavers.
China’s imports keep falling, in a sign of sluggish economic growth
Sluggish imports into China suggest that domestic demand in the People’s Republic continues to struggle.
Cold chain market size in China to grow at a CAGR of 19.1% from 2022 to 2027: Increasing number of trade corridors to drive growth – Technavio
The cold chain market size in China is estimated to grow by USD 76.48 billion during 2022-2027. However, the growth momentum will progress at a CAGR of 19.1%. The market is …
Diplomatic spat could spur ‘soft boycott’ of Canadian brands in China, expert warns
Companies like Canada Goose, Roots, Lululemon and Tim Hortons have expanded into China in recent years, leaning into Canada’s reputation as a source of quality goods.
U.S. Business Group Seeks China Clarity On Rules, Warns On New Investment After Reported Raids
The American Chamber of Commerce in Shanghai has asked the Chinese government to spell out rules for conducting due diligence in the country amid continuing reports of a government crackdown on U.S. companies in that…
LinkedIn axes 716 jobs in fresh tech cuts, shuts China app
LONDON (AP) — Professional networking platform LinkedIn says it’s laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing. LinkedIn blamed “shifts in customer behavior…
Canada-China spat could sour business relations, experts say
Experts say souring relations between Ottawa and Beijing could affect Canadian companies in China, potentially tarnishing the appeal of Canadian brands for Chinese consumers.
Taiwan Needs Business Help to Harden Its Economy Against China
China is making no secret of its desire to harm Taiwan by putting the screws to its economy. Beijing could cause enormous harm for relatively little direct cost and without dispatching a single soldier to…
China exports up 8.5% in April despite weak global demand
Chinese exports grew 8.5% in April, customs data showed Tuesday, displaying unexpected strength despite weakening global demand. Exports grew to $295.4 billion compared with a year earlier, although …
Capvision raids compound concern in China over consulting clampdown
US research firm Capvision is the latest multinational consultancy to be raided by Chinese authorities as Beijing ramps up its security apparatus against potential espionage threats in its rivalry …
China Export Growth Slows, Imports Plunge as Recovery Wanes
China’s export growth slowed in April while imports plummeted, adding to pressures on an economic recovery that’s already been called into question.
