Danke, a Chinese residential rental company, has a debt-dependent business model that is showing signs of strain. ( read original story …)
Tagged By business
China Web Retailer Soars 400% on Second Day After IPO in U.S.
Wunong Net Technology Co. shares soared as much as 402% on Wednesday as the e-commerce company extended its climb in a second day of trading since its initial public offering, showcasing Wall Street’s … (…
US Treasury brands Vietnam and Switzerland as currency manipulators while putting China and 9 others on watch list
US Treasury brands Vietnam and Switzerland as currency manipulators while putting China and 9 others on watch list … ( read original story …)
U.S. brands Vietnam, Switzerland as currency manipulators
The U.S. Treasury Department has branded Vietnam and Switzerland as currency manipulators while putting China and nine other countries on a watch list in an annual report designed to halt countries … ( read original…
Massive first day IPO gains evoke ‘bubble’ risk in Asian capital markets
Massive gains posted by companies at their trading debut in regional stock markets in Asia this year are raising the spectre of a bubble, bankers and brokers said. ( read original story …)
Why This ‘Redfin of China’ Should Be on Your Stock Watch List
In 2019, China’s property industry recorded 22.3 trillion yuan of GTV, according to Beike’s IPO prospectus. That year, Beike facilitated about 2.1 trillion yuan or 9% of all transactions — making it … ( read…
China manufacturing: everything you need to know
China is the world’s largest manufacturer in terms of output and has earned a reputation as the ‘world’s factory’. ( read original story …)
UK business ‘must wake up’ to China’s Uighur cotton slaves
MPs say clothes retailers must act after the BBC disclosed the plight of China’s Uighurs and other minorities. ( read original story …)
Chaos at the top of China’s biggest chipmaker C-suite chaos at the company China needs for its chipmaking future
The C-suite of one of China’s most important tech companies has just been thrown into confusion.Semiconductor Manufacturing International Corporation (SMIC), China’s biggest chipmaker, said Wednesday … ( read original story …)
SMIC: Chaos at the top of China’s biggest chipmaker
The C-suite of one of China’s most important tech companies has just been thrown into confusion.Semiconductor Manufacturing International Corporation (SMIC), China’s biggest chipmaker, said Wednesday … ( read original story …)
China Nearly Doubled Its Overall Share of the Global Luxury Market in 2020
Growth for the mainland Chinese luxury market is expected to climb by 48 percent to reach almost 346 billion yuan (around $52 billion) by the end of the year, according to Bain’s annual China luxury…
Alibaba’s Ant Says ‘Looking Into The Mirror’ After IPO Fallout
Why It Matters: Jing isn’t the only Alibaba executive that has been singing Beijing’s paeans, post the axing of the mega IPO. Last month, Alibaba CEO Daniel Zhang had called Beijing’s draft rules to ……
China freezes pastor’s bank account in Hong Kong clampdown
China is targeting government opponents through financial institutions using a draconian national security law that’s already led to U.S. sanctions. ( read original story …)
