Earlier in the year, the U.S fast food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1-billion. The new partnership had planned to add…
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China to get 2,000 more McDonald’s restaurants
“China will soon become our largest market outside of the United States,” said McDonald’s CEO Steve Easterbrook. The company and its new business partners in China — investment firms Citic and Carlyle Group — are…
Wanda says its US$1.5b Australia projects ‘progressing well’, flatly denying reports they are up for sale
The group, the largest commercial real estate developer in China, had acquired the 1 Alfred Street and … in the heart of the Circular Quay precinct of the city’s central business district, according to its…
BRIEF-China Internet Nationwide Financial Services shares open 30 pct above IPO price on Nasdaq
* China Internet Nationwide Financial Services Inc shares open at $13.00 in debut on the Nasdaq versus ipo price of $10.00 per share Further company coverage: ( read original story …)
Putin’s Aide Seeks $100 Million to Rival China in Bitcoin Mining
Unlike a traditional IPO in which buyers get shares … Today’s bitcoin mining requires special computers based on chips with minimized power consumption. China’s Bitmain Technologies Ltd. is one of the leading producers of such…
Telecom giant China Tower IPO in Hong Kong likely to lure international investors
The signals are good for a huge telecoms infrastructure listing. China Tower, owner of the world’s biggest collection of telecoms towers, is preparing an IPO in Hong Kong of up to $10 billion, Reuters says.…
SSI Schaefer opens first China technology centre for intralogistics solutions
When Schaefer Systems International (SSI Schaefer) opened its first technology centre in Kushan near Shanghai this year, it attracted many manufacturers and third-party logistics firms from across China. A world-renowned specialist in intralogistics, the ……
China’s July exports, imports weaker than expected, cloud global outlook
China’s exports and imports grew more slowly than expected in July, raising concerns over whether global demand is starting to cool even as major Western central banks consider scaling back their massive stimulus programs. China…
China Mobile, ZTE Partner on 5G Network Energy Efficiency
China Mobile and ZTE have recently signed a collaboration on 5G network energy efficiency enhancements. China Mobile and important industry partners are jointly conducting research on the new-generation low-power base station architecture, more … (…
Josh Steimle: What Western Brands Need to Know About Marketing in China
Josh Steimle is the CEO of MWI, a global digital marketing agency that he founded in 1999, when he was still a college student. In 2013, Josh moved from Salt Lake City to Hong Kong…
International hotel brands begin indigenization in China
In 1982, The Peninsula Hong Kong entered Jianguo Hotel in Beijing, which was the first foreign-funded hotel to come to China. Over the next 35 years, all kinds of international hotel brands are blooming everywhere.…
Why a Hong Kong store is Louis Vuitton’s most amazing in world, according to brand’s CEO, and how it solved a problem for LV
Retail CEOs and finance chiefs have been wringing their hands over a fall in sales in China and Hong Kong. But the man leading one of the world’s most recognisable luxury brands, Louis Vuitton, doesn’t…
China has suddenly stopped buying foreign property
China’s President, Xi Jinping, reviewed an honour guard in London in 2015. Photo by Carl Court/Getty Images LONDON — The Chinese pulled 84% of their overseas property investments globally in the first half of 2017…
