Business cards, bikes and bills Beyond payments, the codes are now used for all sorts of services in China, like exchanging business cards and renting bikes. Chinese authorities are also getting on board. In Hangzhou,…
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China agrees the UN must ‘take necessary measures’ to crack down on North Korea
Russia’s President Vladimir Putin (R) and China’s President Xi Jinping arrive to a documents signing ceremony during their meeting at the Kremlin in Moscow, Russia May 8, 2015. Reuters/Sergei Karpukhin BEIJING/VLADIVOSTOK, Russia (Reuters) – China…
Chinese logistics firm Best, backed by Alibaba, launches $932 million U.S. IPO
The Hangzhou-based company, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, plans to list on the New York stock exchange and the IPO will be equivalent to 16.4 percent…
China e-car venture Future Mobility names brand Byton, eyes U.S., Europe
SHANGHAI (Reuters) – Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has named its brand “Byton” that it plans to launch in the United States and Europe soon after…
Apple, Chinese Brands Beat Samsung’s China Q2 Sales Despite Galaxy S8 Release
Despite bringing its Galaxy S8 flagship phone to China, Samsung still failed to increase its sales in the country. Meanwhile, Apple managed to emerge as the top smartphone seller during the second quarter, with Chinese…
Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO
The Hangzhou-based company, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, plans to list on the New York stock exchange and the IPO is expected to value Best at…
Goldman suspends work on U.S. IPO of HNA’s Pactera unit: sources
Goldman was not formally mandated for the IPO, which was in the early stages … It is seeking to raise capital through convertible bonds, two of the sources said. HNA, one of China’s most acquisitive…
How UK football expertise could help China win World Cup
That is creating opportunities for British firms as Chinese entrepreneurs, hoping to profit from President Xi Jinping’s edict to make China a successful football nation, seek overseas expertise. “I first launched a football business in…
China tells Trump that North Korea nuclear issue must be solved via talks
U.S. President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria…
China wants to sign a post-Brexit trade deal with the UK, but the idea it’s going to happen quickly is fantasy
So what lies in store for the future of Sino-British trade relations? Business Insider spoke to five experts in UK-China relations, whose opinions and predictions appear mixed. Here, they answer the key questions: If the…
China Investment Corp. cuts stake in Teck Resources to 10.4%, from 17.8%
China Investment Corp. has reduced its holding in Teck Resources Ltd. (TSX:TECK.B) by more than one-third, to 10.4 per cent. The Vancouver-based mining company says a CIC subsidiary has sold 42 million class B Teck…
China’s economic growth statistics may finally add up, in 2019
For local officials in China’s provinces keen to boost their chances of promotion, the days of being able to puff up the output data they send to Beijing may be coming to an end. Fifteen…
China’s fintech firms eye overseas IPOs to fund growth as regulations tighten at home
A new wave of initial public offerings (IPOs) by mainland Chinese financial technology (fintech) companies is taking shape as dozens of unprofitable technology start-ups rush to raise funds overseas amid tightened regulations at home. The…
