The company is owned by Wang Jianlin, one of China’s richest men. An IPO of Wanda’s sports assets would include Infront Sports & Media AG, a Swiss sports marketing company and World Triathlon Corp, the…
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HK looks to lure more floats with new IPO rules
[Photo by Edmond Tang/China Daily] With the city facing rising competition to attract initial public offerings, the Hong Kong stock exchange is proposing two chapters of new rules to existing listing ones. Hong Kong lost…
Facebook and Xiaomi take on China’s VR market
This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers hours before appearing on Business Insider … s partnership with Xiaomi will help Oculus gain footing in China: China is the fastest-growing VR…
French president says China will buy 184 Airbus jets
BEIJING — China plans to buy 184 Airbus A320 jetliners, French President Emmanuel Macron said Wednesday, in a diplomatic tradition aimed at defusing trade complaints. Chinese President Xi Jinping said his government “will preserve parity”…
30 Chinese firms to take part in Bengal business summit
As many as 30 Chinese companies will participate in the Bengal Global Business Summit (BGBS) to be held on January 16 and 17. According to Ma Zhanwu, Consul General of China in Kolkata, 10 companies…
China Business Cast 75: Developing a tech startup on WeChat’s platform, with Drew Kirchhoff
Editor’s note: This originally appeared on the China Business Cast. China Business Cast is a podcast featuring experienced entrepreneurs and business people making things happen in China. If you want to learn from on the…
Yuan IPO in HK may raise cash for Belt, Road
but there is no timeline for when an IPO plan might take place because it remains under discussion, said Zhang Xiaoqiang, vice-chairman of the China Center for International Economic Exchanges. Zhang was consulted on the…
China, France promise cooperation on climate, security
Despite their amicable tone, the visit produced no breakthroughs on Europe’s mounting frustration over China’s market barriers and complaints its exports of low-cost steel are threatening European jobs. The French leader hoped to secure business…
In China, Macron urges openness, pitches France Inc.
On the second leg of a three-day state visit, the first of his eight-month-old presidency, Macron is hoping greater openness from China, coupled with lobbying from the 50-strong business delegation travelling with him, will help…
Airbus to increase aircraft production in China
During his three-day visit, Mr Macron said both France and China must open up to doing business with each other. At present, he said, France has “access to markets which is unbalanced [and] unsatisfying”. He…
Xiaomi IPO plan reportedly eyes $200b valuation
Xiaomi is considering an IPO in either Hong Kong or New York … After struggling with declining sales in 2016, the Beijing-based company managed to revive growth last year, partly by opening offline retail stores…
China isn’t just a manufacturing hub anymore, UBS says
Developments in financial technology and electric cars have led China to move beyond being just a manufacturing hub, UBS Asia Pacific President Kathryn Shih said The business environment for foreign firms on the mainland has…
32 missing, oil tanker on fire after collision off China
In this photo provided by Korea Coast Guard, the Panama-registered tanker “Sanchi” is seen ablaze after a collision with a Hong Kong-registered freighter off China’s eastern coast Sunday, Jan. 7, 2018. The oil tanker collided…
