HONG KONG (Reuters) – Alibaba Group (BABA.N) plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance … ( read original story…
Tagged By business
China’s Didi to invest $1 billion in its auto services platform
China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial p… (…
China Tower raises most in an IPO globally since 2016
China Tower Corporation, the world’s largest telecommunications tower group by revenue, has raised $6.9bn its initial public offering, the biggest amount garnered globally in a market debut since 2016 … ( read original story …)
China Tower prices IPO at bottom of price range after weak retail interest, raising US$6.9 billion
China Tower has priced its initial public offering at the bottom of the indicative price range, raising HK$54.3 billion (US$6.9 billion) amid lukewarm retail investor interests, according to several p… ( read original story …)
Heineken, China Resources Beer seal $3.1 billion tie-up in premium brands push
HONG KONG/SHANGHAI (Reuters) – Heineken NV (HEIN.AS) is buying a $3.1 billion stake in the firm controlling China Resources Beer (0291.HK), China’s largest brewer, as the companies seek to tap a growi… ( read original…
China July services new business growth weakest since December 2015: Caixin PMI
BEIJING (Reuters) – China’s services sector expanded at the weakest pace in four months in July, as there was the least growth in new business since December 2015, a private survey showed on Friday. F……
Heineken seals $3.1 billion tie-up with China Resources Beer, shares surge
“In Heineken we have found the perfect partner to achieve our ambitions in China and – as an international partner – to support us in growing our business outside China.” The companies are conducting ……
China urges U.S. to ‘calm down’ in trade dispute, says its tactics will not work
SINGAPORE/BEIJING (Reuters) – China on Thursday urged the United States to “calm down” and return to reason after the Trump administration sought to ratchet up pressure for trade concessions by propos… ( read original story…
Google planning comeback in China after eight years: Sources
The plan comes even as China has stepped up scrutiny into business dealings involving US tech firms including Facebook Inc, Apple Inc and Qualcomm Inc amid intensifying trade tensions between Beijing … ( read original…
China’s Bytedance scrubs Musical.ly brand in favor of TikTok
SAN FRANCISCO (Reuters) – China’s Beijing Bytedance Technology Co plans to announce late Wednesday that it is shuttering the popular Musical.ly video app it acquired for nearly $1 billion in December … ( read original…
Huawei becomes the fastest growing brand in Chinese smartphone market in Q2 2018
The sale apparently boosted Honor and Huawei past Xiaomi. The report suggests that Honor alone is now a bigger brand than Xiaomi in China. To top that, Xiaomi’s market share declined annually in China ……
Opinion: China “Hearts” Emojis, So Why Aren’t Luxury Brands Using Them?
Emojis have become essential to online conversations in every country around the world, and China is no exception. For young people in particular in China—a country that doesn’t encourage outward emot… ( read original story…
China vows retaliation if Trump slaps 25 percent tariff on $200 billion of Chinese imports
Investors fear an escalating trade war between Washington and Beijing could hit global growth, and prominent U.S. business groups, while weary of what they see as China’s mercantilist trade practices, … ( read original story…
