the ‘Chinese Netflix’ pockets more than $2 billion in IPO but stock falls in debut “[W]e are seeing accelerated competitive environment in China and discounting as part of that,” said John Culver, … ( read…
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Electric car brand Smart being axed in Canada, U.S. after 2019 model year
Yesterday, TechCrunch reported Daimler’s plans to discontinue Smart in North America, as it prepares instead to launch the brand in China. The 2019 model year will be the final model to be available … (…
Galeries Lafayette Bets Big on Hip and Edgy Brands in Shanghai
Ambush. Jacquemus. Maison Margiela. Simone Rocha. Some of fashion’s hottest indie designer brands have found a new home in China, and it’s inside the Galeries Lafayette’s Shanghai store that had a … ( read original…
China, U.S. hold ‘productive’ trade talks in Beijing
China and the United States held “productive” trade talks in Beijing on Wednesday and will continue discussions in Washington next week, U.S. Treasury Secretary Steven Mnuchin said, as the two try to … ( read…
KFC sold pieces of chicken it’s never used before to combat higher costs in China
Yum China, which runs KFC and Pizza Hut in China and was spun off from Yum Brands in 2016, made the move in response to rising costs. Chinese poultry costs have risen as an outbreak…
China’s Tencent to Develop Blockchain Medical Tools With Waterdrop After Investment
Chinese internet giant Tencent will work with a local disruptor insurance company to develop new blockchain solutions, Bloomberg reported on April 30. Waterdrop, which forms part of China’s … ( read original story …)
China compiling list of Canadian targets for possible retaliation in ongoing diplomatic spat: former envoy
China has asked its regional governments to draw up a list of business dealings they have with Canadian firms in order to widen the scope of ways the superpower can strike back against Canada in…
China’s Ruyi Group is Growing Fast, But Can They Conquer the Luxury Market?
For example, since their acquisition of SMCP in 2016, “[SMCP] has expanded to over 100 stores in about two dozen Chinese cities, and the brands had also increased online sales in China by 40 percent…
China International Cartoon & Animation Festival: Building a High-End Platform for Cultural Communication between China and Foreign Countries
HANGZHOU, China, April 30, 2019 /CNW/ — Speaking of “Cartoon & Animation … The International Animation Game Business Conference at the Festival has attracted global leading toy manufacturers: the … ( read original story …)
China April factory growth unexpectedly slows as economy struggles for traction
China’s slowdown has weighed heavily on exports of many of … While the official factory survey disappointed on the growth front, it did not show a marked deterioration in business conditions, either … ( read…
First canola, now peas and soybeans — Canadian crops face more headaches getting into China
China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other China-bound canola cargoes have been … ( read original story …)
Alibaba pays $250-million to settle U.S. lawsuit over pre-IPO counterfeiting warning
The lawsuit accused Alibaba of securities fraud for failing to disclose it had met with China’s State Administration for Industry … The white paper also said the SAIC delayed releasing its findings … ( read…
Huobi Looks To The Future Of Blockchain In Hainan
Liu Erwu, Preparatory Group Chair of IEEE Blockchain China and Chairman of the IEEE Shanghai Blockchain Group, Fellow of the Institute of Engineering and Technology, and Professor of Tongji University … ( read original story…
