Chinese buyers presently snap up around a third of the world’s luxury goods, which makes China an appealing market for luxury brands as well as an influential one. But attempts by the luxury industry ……
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China-focused SPAC Wealthbridge Acquisition prices $50 million IPO at $10
Wealthbridge Acquisition, a blank check company targeting the air transportation industry in China, raised $50 million by offering 5.0 million units at $10, as expected. Each unit consists of one ordi… ( read original story…
Toyota earnings buoyed by China, but U.S. weakness persists
Japan’s biggest automaker attributed the smaller forecast to unrealized losses from equity investments, but, in an indication that business was still strong … as strong demand in China for its cheap … ( read original…
Lobsters and parkas: Huawei dispute does little to diminish Chinese demand for Brand Canada
Who would think a clash between China and Canada is a priority?” Canada may struggle to brand itself on the global stage, but in China, Brand Canada connotes a sense of reliability, cleanliness and au……
EU nixes deal to create rail giant able to stand up to China
BRUSSELS – European Union authorities on Wednesday blocked a deal to create a rail giant that could compete with China, angering France and Germany so much that they vowed to change the way the EU…
Luxury goes local as Chinese shoppers gravitate towards home-grown brands
According to Mintel China, another market research company, niche luxury brands are particularly popular among women between the ages of 20 and 24, who are single and have a postgraduate or higher deg… ( read…
China bans brands from marketing beauty products as ‘medical’
China has passed new regulations banning brands from marketing beauty products as having medical benefits. The regulations passed by China’s Food and Drug Administration (CFDA) aim to stamp out the pr… ( read original story…
Tencent-Backed Chinese Movie Ticketing App Maoyan Makes Lackluster IPO Debut
The underperformance followed the trend of weak new stock listings amidst US-China trade tensions. Maoyan’s shares opened at $1.889 (HK$14.82), less than 1 percent higher than its initial public offer… ( read original story …)
China cigarette IPO offers unfiltered Beijing bet
HONG KONG, Feb 4 (Reuters Breakingviews) – China Tobacco International’s share sale offers an unfiltered bet on Beijing policymaking. The overseas unit of the world’s biggest cigarette maker plans to … ( read original story…
Can Hong Kong keep its title as the world’s hottest IPO market? Here’s its game plan
China unveils trading rules for new hi-tech board … companies to have a secondary listing in Hong Kong,” she said. Hong Kong regains global IPO crown from New York in 2018 thanks to its listing…
China’s services sector moderates in January but still solid: survey
China’s sprawling services sector maintained a solid pace … Overseas sales continued to support the sector, with new export business rising at the fastest clip in more than a year, thanks to efforts … (…
China unveils tax cuts for graduates, low-income workers in stimulus drive
China will introduce tax breaks for small businesses run by recent graduates and low-income workers, according to a joint ministry announcement, as the country looks to boost spending and offset an ec… ( read original…
Why Canada isn’t profiting from the U.S.-China trade feud
In a perfect world, the trade showdown between the United States and China would be good for Canada. The two countries are our No. 1 and No. 2 export customers. And they have hit each…
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