Anbang’s rise in recent years was remarkable even by the standards of China’s booming insurance sector. And in many ways, the company’s business model was among the industry’s riskiest. Much of Anbang’s growth was tied…
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China prosecuting Anbang insurance tycoon, who controls Waldorf Astoria hotel
A prominent business magazine, Caixin, said in May at least 30 billion … cool spending on foreign real estate and other assets they said did nothing to develop China’s economy. Following that, Anbang failed to…
China absolutely killing US on trade says Donald Trump
Very, very unfair,” he rued. “Even today, it’s extremely hard on companies that want to do business in China, because the barriers are incredible, whereas the barriers coming into our country are foolishly not. Foolishly.…
As business and tourism ties strengthen, Chinese media make strides in Cambodia
China’s rapid rise in the Kingdom has shaken up the traditionally … Chinese-language news outlets, like much of the Khmer-language press in Cambodia, rely on powerful local business interests to subsidise their operations. The Jian…
China securities regulator proposes to delay IPO reform
SHANGHAI, Feb 23 (Reuters) – China’s top securities regulator Liu Shiyu has proposed to delay a deadline for the government to authorise a registration-based initial public offering mechanism until Feb. 29, 2020, the official Xinhua…
China regulator to assume management of Waldorf owner Anbang
China’s insurance regulator said Friday it is assuming management … “At present, operations of the Anbang Group are stable overall and business is basically steady,” the statement said. “The legitimate rights and interests of insurance…
China’s cutthroat smartphone market is coming down to a handful of major brands
Consumers in China are waiting longer for more significant upgrades in features before replacing their smartphones, contributing to a slowdown in sales in the world’s largest mobile handset market. Major Chinese smartphone firms are expected…
Beauties revive cosmetics brands
For instance, Cle de Peau Beaute, a high-end brand of Japanese cosmetics manufacturer Shiseido Co Ltd, has been in the China market for nearly two decades. But, until recently, it remained largely obscure and was…
U.S. And China To Face Off Over Aramco IPO
Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national oil company, Saudi Aramco. As…
The 10 Most Taboo Topics for Luxury Brands in China
Public outrage over supermodel Liu Wen’s recent holiday greeting demonstrates how easy it has become to “hurt the feelings” of the Chinese people (or their bots), even when using social media sites that are banned…
Xiaomi expands into the Philippines after conquering India in push ahead of IPO
Often dubbed “China’s Apple”, Xiaomi has been aggressively pursuing overseas markets amid increasingly stiff competition at home. It also needs to find diversified, long-term earnings channels to boost investor confidence ahead of a planned IPO…
North Korea falls into $1.7 billion trade deficit with China — but something mysterious is keeping it afloat
an expert on North Korean sanctions at the James Martin Center for Nonproliferation Studies told Business Insider. Berger characterized Chinese President Xi Jinping as “very conscious of China’s image” and hating the US’s insistence that…
China is building an entire winter sports industry and training hundreds of elite athletes so it can dominate the 2022 Winter Olympics
The aim is to breed a new generation of athletes to win big at the 2022 Winter Olympics in China. The country wants to look good in front of a home audience. An expert told…
