Even as China’s fast-growing conglomerates have been viewed by many global investors and regulators with suspicion for their opacity and finances, they have nonetheless been lucrative business partners for dealmakers, known for paying over the…
Tagged By business
As China’s Xi gains power, parliament prepares to bolster risk battle
BEIJING (Reuters) – China’s annual parliament gathering kicks off on Monday as an ever-stronger President Xi Jinping presses ahead with efforts to ward off financial risks without undermining the economy. The run-up to the National…
What Trade Friction Means For U.S. Brands In China
Let me begin with the good news: I remain solidly bullish about business opportunities in China, even for brands from countries where there might be trade quarrels. We have seen these disputes come and go…
What Trade Friction Means For US Brands In China
Let me begin with the good news: I remain solidly bullish about business opportunities in China, even for brands from countries where there might be trade quarrels. We have seen these disputes come and go…
China banned the letter N from the internet after people used it to attack Xi Jinping’s plan to rule forever
China censored the letter N from its internet for at least a day. The ban came as China cracked down on online discussion over the Chinese Communist Party’s proposal to scrap presidential term limits. Abolishing…
iQiyi: ‘China’s Netflix’ to list on US stock market
In China, it competes with fellow streaming platforms Youku Tudou … though revenue jumped by 55% to 17.4bn yuan. Baidu, which founded the business as Qiyi before later changing its name to iQiyi, is itself…
Baidu’s video unit iQiyi files for US IPO of up to $1.5 billion
iQiyi, a unit of Baidu, filed for a $1.5 billion IPO. The Chinese company is known for its Netflix-like services. The Beijing-based company has posted losses since its inception in 2010. Chinese video streaming service…
Asian shares lurch lower as weak China PMI adds to Fed rate worries
Asian markets had opened mildly lower but selling intensified after data showed growth in China’s manufacturing sector in February slowed more than expected to the weakest in over 1-1/2 years as the Lunar New Year…
China is set to let Xi Jinping rule for life — and it’s a ‘death knell’ for anyone opposing him
the conduct of foreign policy,” Economy told Business Insider. “He is the outward face to the rest of the world. When Xi Jinping travels, he goes as the president of China, not as the General…
China startup Nio hires eight banks for up to $2 billion U.S. IPO: sources
HONG KONG (Reuters) – Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley (MS.N) and Goldman Sachs (GS.N) to work on a planned U.S. stock market listing this year worth up to…
China’s iQIYI Sets NASDAQ Share Listing
iQIYI, one of China’s video streaming market leaders, has filed for an IPO that will see its shares traded on the New York-based NASDAQ exchange. The company has filed a prospectus that provides a sketch…
Xiaomi, ‘China’s Apple’, makes debut in Spain at world’s biggest mobile show ahead of IPO
Xiaomi, at times referred to as the “Apple of China”, made its debut in Barcelona this week at the mobile industry’s most important event ahead of a widely anticipated IPO set for later in the…
Ag-product firm rides organic trend in IPO
announced it had purchased an additional 252,000 ordinary shares at the IPO price of $4. “The underwriter was full of confidence in Farmmi, so that is why we raised a higher range,” Zhang said. “We…
