The company aims to raise some $400 million in fresh capital. The disclosure comes only days after iQIYI, one of China’s leading video streamers, revealed details of its IPO on the NASDAQ exchange. In its…
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European brands to steal the show at Intertextile Shanghai
European brands are set to steal the show at the upcoming Intertextile Shanghai Apparel Fabrics show in China, one of the leading apparel fabric and accessories exhibitions in the world. The show that provides an…
China’s sports industry eyes global market
[Photo/China Daily] FUZHOU – Zheng Jie was excited when he saw Chinese athletes wearing outfits produced by his company at the closing ceremony of the 2018 Pyeongchang Winter Olympics. “Our brand caught world attention at…
Mid-range hotels grow in China on consumption upgrade of the middle class
Pedestrians walk past Holiday Inn Express on West 39th Street in New York. The hotel brand is making an effort to foray into third- and fourth-tier cities in China. [Photo/Agencies] Boosted by the emerging middle…
Changan president proposes to promote China auto brands, intelligentize auto products to 13th NPC
Shanghai (Gasgoo)- Zhu Huarong, President of Changan Automobile Co., Ltd (Changan Auto) will deliver his proposal focusing on the image promotion of China’s auto brands and intelligentization for auto industry at the 13th National People’s…
China’s Tasly to list biotech arm in $1 billion Hong Kong IPO: sources
HONG KONG (Reuters) – China’s Tasly Pharmaceutical Group is planning to list its biopharma unit in Hong Kong to raise about $1 billion, in what is likely to be the largest biotech float in the…
China keeps economic growth target of around 6.5 percent this year
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual…
The Brands That Kowtow to China
Security staff guarding the Mercedes-Benz booth at an autoshow in Guangzhou, China, in November 2017 A couple of years ago, a satirist on Taiwan, the democratic self-governing island that China claims as a province, created…
Two manufacturers could spur other Chinese firms to look anew at South Carolina
European and Japanese manufacturers have an advantage with brands such as BMW or Toyota being well-known in the U.S. market. But China is looking to make up ground by investing in business such as Swedish…
Caterpillar drives sales on China’s new Silk Road
CHICAGO/NANTONG, China (Reuters) – At a Caterpillar facility in the eastern Chinese city of Nantong, an array of excavators, earth movers and road-making machinery is displayed on slopes and in mud pits. The audience is…
China’s latest conglomerate crackdown casts dealmaking shadow
Even as China’s fast-growing conglomerates have been viewed by many global investors and regulators with suspicion for their opacity and finances, they have nonetheless been lucrative business partners for dealmakers, known for paying over the…
As China’s Xi gains power, parliament prepares to bolster risk battle
BEIJING (Reuters) – China’s annual parliament gathering kicks off on Monday as an ever-stronger President Xi Jinping presses ahead with efforts to ward off financial risks without undermining the economy. The run-up to the National…
What Trade Friction Means For U.S. Brands In China
Let me begin with the good news: I remain solidly bullish about business opportunities in China, even for brands from countries where there might be trade quarrels. We have seen these disputes come and go…
