One of China’s richest people has taken aim at tech firms ByteDance and Pinduoduo for allegedly harming him and Chinese brands. Zhong Shanshan, 69, and his bottled water company Nongfu Springs have …
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Chinese court provides legal clarity on the controversial ownership of crypto in Mainland China
The Shanghai Songjiang People’s Court confirmed that Chinese law did not prohibit the ownership of cryptocurrencies in mainland China. Judge Sun Jie’s opinion on the court’s official WeChat page …
The world’s auto giants will need to partner with Chinese companies to survive in China, analysts say
Time is running out for traditional foreign automakers to adapt to China’s electric car market, signaling to industry analysts that companies must double down on local partnerships to survive. U.S.
Starbucks’ China business is struggling. Here’s how the company may give it a jolt.
The news comes as the company is under pressure from activist investor Elliott Investment Management, which has called for a review of the China business. The company’s newly ap …
China says stable trade and business development with US will benefit both nations
A stable and sustainable development trend on trade and business matters between China and the United States will benefit both nations, China’s Vice Commerce Minister Wang Shouwen said on Friday.
China’s e-commerce upstarts will start to look more like Western ones
I t did not take long for Chinese e-commerce firms to spread worldwide. Shein has rapidly become the preferred choice of American teenagers buying clothes. In 2023 TikTok launched its own e-commerce offering to its…
Uber Said in Talks to Invest in US IPO of China’s Pony AI
Uber Technologies Inc. plans to invest in Pony AI Inc.’s US initial public offering, which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with …
Chinese Cosmetics Label Mao Geping to IPO in Hong Kong
The company has begun its pre-deal investor education process and is aiming for a market debut on the main board in December, according to local media reports.
IPO watch: Pony AI is going public and Uber wants in
Uber Technologies (NYSE:UBER) continues to make moves in the autonomous driving space. The latest development is that the San Francisco-based company plans to invest in Pony AI’s (PONY) initial public …
China’s Trustar raises $1 bln for vehicle that holds McDonald’s China stake, sources say
Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong Kong, two sources with knowledge of…
China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes
Trump is set to take office in January, renewing fears of an intensified trade war that could further strain the already fraught relationship between China and the US
China crude oil imports set for November rebound, but it’s price not demand
China’s crude imports are on track to rebound in November to the highest in three months, but the increasing appetite of the world’s largest oil importer is more about price than rising demand.
China’s second-richest man blasts Pinduoduo for hurting brands with cutthroat pricing
The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.
