He said that despite recent stock market volatility China should benefit from continuing strong growth in the world economy, as President Xi Jinping presses ahead on economic reforms: “Global economic and financial conditions will ensure…
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China’s Baidu Confirms U.S. IPO for Its iQIYI Streaming Platform
Chinese Internet giant Baidu has confirmed plans to float its streaming-video subsidiary, iQIYI, in the U.S. But the company has not specified which exchange it will choose to list the popular platform, which claims half…
A Dog’s Life: In Beijing’s Forbidden City, No Holiday for Canine Patrol
BEIJING — As China ushers in the Lunar Year of the Dog, hundreds of millions of Chinese are traveling to their hometowns to spend the week-long national holiday with their families. But for the 23-dog…
Mi mi mi: super fans of China’s Xiaomi stoke IPO ambitions
BEIJING/SHANGHAI (Reuters) – Wang Bin, 29, is a serious “mi fan”, one of the ardent followers of Xiaomi Technology Co Ltd, the maker of smartphones and other electronic products that looks headed for a big…
Russia says may invest in Saudi Aramco IPO via fund with China
Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign Russian investment fund. Several banks and other groups in Russia…
Baidu Confirms U.S. IPO for iQIYI Chinese Video Streaming Platform
The company said that it has filed a draft prospectus with the Securities and Exchange Commission IPO and listing of iQIYI shares … users is comparable with other companies. Major rivals in China include Tencent…
China’s non-financial ODI maintains double-digit growth
[Photo/Agencies] BEIJING – China’s non-financial outbound direct investment (ODI) maintained a double-digit growth in January, the third consecutive monthly increase, official data showed Tuesday. Chinese investors made 69.5 billion yuan ($11 billion … ( read…
Beijing sees more community-based bank branch closures
such as transactions of financial products and payment for water and electricity.However, all the services are accessible online. A resident of Beijing’s Xicheng District surnamed Wang, said that about half of the bank branches in…
China’s experience in inclusive finance helpful to other countries: report
BEIJING – China’s experience in groping for a sustainable development pattern of inclusive finance is helpful to global financial regulators, a report said Sunday. The report, jointly released by the People’s Bank of China and…
China to strengthen regulation over Internet finance businesses
BEIJING – China will continue to strengthen regulation over the country’s mushrooming Internet finance businesses in 2018 to facilitate long-term development of the industry, the National Internet Finance Association (NIFA) has said. Instead of conducting…
Millions in China journey home for Lunar New Year
China’s official Xinhua news agency said more than 1.1 million were expected to pass through railway stations in Beijing on Tuesday and Wednesday alone. Travel agency Ctrip and the China Tourism Academy also found more…
Jewelry companies vie for China’s independent women in marketing blitz
“A memento to reward your own success,” reads the slogan alongside a diamond encrusted pendant in an advertisement from Chow Tai Fook, a Hong Kong-based jewelry company that has a big presence across China. Facing…
China’s Baidu tops revenue and profit estimates, shares rise
(Reuters) – China’s Baidu Inc reported on Tuesday quarterly profit and revenue that beat analysts’ estimates, powered by strong performances of its search and newsfeed services. The company’s shares rose nearly 5 percent to $236.4…
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