Apple is hopeful of its latest feature-rich iPhone model, but an uprising of Chinese smartphone brands of late has made industry observers remain cautious, especially in China. Apple, which has been struggling with declining revenue…
Tagged By business
3 Shopping Habits of China’s Mass-Affluent Men That Luxury Brands Need to Know
The rapid expansion of China’s wealth in recent decades has given birth to the country’s mass affluent male class (M.A.C), which wields massive purchasing power and directly affects luxury brands. However, research focusing on uncovering…
Fast food chain owner Yum! Brands shares up after third quarter results
Yum Brands Inc (NYSE:YUM) saw its shares rise in premarket trade … up from the US$3.31bn recorded a year earlier. The company spun off its China business in November last year. This was comfortably above…
Jollibee shuts down China hotpot business
Fast-food giant Jollibee Foods Corp. has shut down its hotpot dining business under the 12 Sabu brand in mainland China, mostly to focus on its bigger brands in this part of the world. 12 Hotpot…
Hermès ups China digital game with launch of WeChat pop-up store
a strategic move signalling the brand’s ambition to step up its digital innovation in China. But it also raises the question of just how aggressive it can be in the digital space. The WeChat post…
Fitbit: An Update On China, Channel Checks And Brand Value
Fitbit has experienced some weakness over the course of the past few days, which I believe provides a nice opportunity to add more shares. In this update, I provide an update on China, implications of…
Tencent Unit’s Hong Kong IPO Draws a Crowd
The tech-stock ardor sweeping the world has reached Hong Kong, judging by the response to China Literature Ltd.’s initial public offering. Continue Reading Below Orders for the IPO of the Tencent Holdings Ltd. unit, expected…
Tencent’s e-book IPO sets stage for music arm’s debut
At the IPO pricing, China Literature would have a market capitalisation of HK$49.9 billion (S$8.7 billion). Shares will begin trading next Wednesday, according to the prospectus. The Tencent unit sells electronic books in a model…
Tencent’s Red-Hot E-Book IPO Sets Stage for Music Arm Debut
China Literature’s Hong Kong coming-out party bodes well for future listings. The Tencent unit priced 151 million shares at HK$55 apiece after drawing orders for more than 600 times the stock available to individuals in…
Tencent Book Unit Begins New Chapter With Massive IPO
Based on an incomplete survey of eight brokerages in Hong Kong, the retail offering portion of China Literature Ltd.’s Hong Kong IPO is likely oversubscribed about 420 times. As the book closed midday Tuesday, those…
Four Seasons Education Seeks $101 Million In U.S. IPO
Four Seasons Education has proposed terms for a $101 million U.S. IPO. The firm operates as a proprietary math education service in China, primarily focused on the greater Shanghai region. Four Seasons has similar growth…
Letv ‘not involved’ in ChiNext probe of IPO fraud: source
A recent probe into former members of the IPO examination panel of the ChiNext stock market, a NASDAQ-style board, has nothing to do with Beijing-based Leshi Information Technology Co (Letv), domestic news site thepaper.cn reported…
‘It’s a disaster’ Trump brands US-China trade deficit ‘embarrassing’ ahead of Asia visit
The President also described the trade gap as “horrible” and told Cabinet officials today every trade deal America is involved in is “disastrous”. Mr Trump is set to embark on a 12-day tour to Asia…
