But while mainland producers may lead the industry by number of new vehicles sold, China has yet to develop a car brand that rivals the cachet of Audi, BMV, Mercedes, or even some General Motors…
Tagged By business
Cash is dead as small businesses opt for e-payment in China’s digitalisation drive
By June this year, China’s third-party payment market according to consultancy … For restaurant owner Lin, there is a need to further digitalise his business. “The apps collected a big amount of data through the…
A command and control structure that works only in China
It seems that China’s leaders have now forsaken Deng Xiaoping’s advice to tao guang yang hui (“keep a low profile”). In declaring a “new era” for China during October’s 19th National Congress in Beijing, President…
Huawei’s China smartphone sales chief detained for suspected bribe-taking
“We take our business ethics extremely seriously, and have zero tolerance for corrupt behaviour.” It gave no further comment. In an internal memo to staff, however, Huawei said Teng Hongfei, the Greater China sales head…
China’s Geely takes $3.3-billion stake in Swedish truck maker Volvo
AB Volvo owns 45 per cent of Dongfeng Commercial Vehicles, one of China’s largest truck makers, and also has a significant construction equipment business in China. The value of the investment amounted to around 27.2…
China extends tax rebate on hybrid and electric cars
China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional…
China is still struggling to build a global fashion brand – not that producing a worldwide label matters
One of the most talked-about events at London Fashion Week in September was the opening of the first boutique of Huishan Zhang, a Chinese designer based there. Located on Mount Street, the same address as…
China’s Geely buying stake in Swedish truck maker Volvo
Geely owns Geely Auto, one of China’s biggest independent automakers. It agreed in May to buy 49.9 per cent of Proton and 51 per cent of Lotus, which was owned by the Malaysian automaker. Geely…
China’s Geely adds to Swedish assets with AB Volvo stake
China already has the largest automotive sector in the world … Earlier this year, Geely agreed to buy 49.9pc of Malaysian car business Proton and 51pc of Lotus, which was owned by Proton. In 2013…
China bourses behind Asia’s lead in global IPO boom
Louis Lau, partner at KPMG China, said Beijing’s drive to defuse financial risk will continue to support the mainland IPO market. “Deleveraging and supply-side reforms will cause [bank] lending to decline,” Lau said. “That will…
Yum! Brands, Inc. Stock Will Continue to Deliver as India Stores Double
The last time I checked on with Yum! Brands, Inc. (NYSE:YUM), the company had cashed out its China investments through a spin-off called Yum! China Holdings Inc (NYSE:YUMC), and presumably focusing more on the U.S.…
China urges cooperation after US brands it a competitor
Cooperation between China and the United States will lead to a win-win outcome for both sides, but confrontation will result in mutual losses, China said on Tuesday, after the United States branded it a competitor…
What China is doing to create a tech edge over the US
Nor does it just assemble devices for Apple, or make clothes for Nike. China manufactures over 70 percent of all smartphones. Chinese brands accounting for half of the world’s market share. China also produces 80…
