BEIJING (Reuters) – Chinese video streaming service provider iQiyi Inc, a unit of search engine firm Baidu Inc (BIDU.O), filed on Tuesday for an initial public offering that is set to raise more than $1.50…
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China’s largest sportswear brand Anta posts 29pc profit growth on increased sales
Anta Sports, China’s largest sportswear brand and the third largest in the world by market capitalisation, has posted a 29.4 per cent growth in 2017 net profit, attributing it to increased sales that resulted from…
Move to extend Chinese leader’s role fuels business anxiety
But they say concentrating more power in Xi’s hands could hamper business and chill investment by making China’s economy more unpredictable and less able to respond to challenges. Market-oriented reform requires “regulatory institutions that are…
Rights group: China using personal data as repression tool
BEIJING — Human Rights Watch says it has found new evidence that authorities in one of China’s most repressive regions are sweeping up citizens’ personal information in a stark example of how big-data technology can…
North Korea is so short on money it’s selling its much-needed electricity to China
China is buying electricity from North Korea and will reportedly pay between $60,000 and $100,000 a month. North Korea has persistent power shortages and much of the country plunges into darkness at nighttime. Selling its…
Deadline for IPO reforms extended by two years
[Photo/VCG] China’s top legislature has extended the deadline for the government to launch registration-based initial public offerings for another two years, a move reflecting a gradual and cautious approach of the country’s IPO reform, analysts…
Baidu’s IQiyi: More About China’s Netflix That’s About To IPO
Baidu recently disclosed that it will IPO iQiyi in the United States. iQiyi, who many call China’s Netflix, is a leading player in Chinese streaming video, along with Tencent Video. Baidu owns around 80.5% of…
China’s Geely raid on Daimler reignites German know-how fears
Economy minister Brigitte Zypries stuck to Berlin’s position that Geely’s [GEELY.UL] swoop was a business matter … after a series of deals saw China gain access to high-tech know-how, while attempts by German companies to…
China steady in opening up finance industry
Following eased controls on foreign-owned shares in financial institutions last year, China has forged ahead with opening up its finance industry with measures to expand the scope of business and market access for foreign banks.…
China’s Geely becomes biggest Daimler investor
But the German government said it saw “no need to act in terms of competition rules or foreign investment rules”. China is widely considered the most important future market for global car manufacturers. In a…
China’s move to abolish presidential term limits is more unpopular than the government thought — so it’s turning to censorship
China’s ruling Communist Party announced its plan to abolish presidential term limits on Sunday, which would allow President Xi Jinping to rule indefinitely. A number of related phrases as well as pictures of Winnie the…
China’s Geely surges after building $9 billion Daimler stake
The 9.7 percent holding makes Li Daimler’s biggest shareholder and puts the owner of Mercedes-Benz in a quandary as it already has a partnership with China’s BAIC Motor Corporation, with the two unveiling a plant…
China prolongs preparation period for IPO reform
BEIJING, Feb. 24 (Xinhua) — China’s top legislature decided to prolong a mandate, which allows the State Council to prepare for reforms that will change the stock listing system from approval-based to registration-based, for another…
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