DETROIT: Stellantis NV shuttered its only Jeep factory in China because local politicians are increasingly meddling in the world’s biggest car market, chief executive officer Carlos Tavares said …
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Chinese homegrown brands shine at int’l expo
Visitors flocked to the Aroma Naturals booth at the second China International Consumer Products Expo (CICPE) to savor the unique fragrance of scented candles, offering a glimpse of the immense …
Ant Group IPO set for further delay as Jack Ma plans to give up control
Jack Ma is planning to give up control of Ant Group, a change that would further delay the Chinese financial technology giant’s plans to launch an initial public offering. Ma’s retreat comes after …
Asian shares mixed on US rally, China economic growth woes
Asian shares were mixed Friday, as Chinese shares sank after leaders acknowledged the official 5.5% growth target for this year won’t be met. Investors appear to have grown more convinced that the …
Bullish on China’s Duty-free Future, LVMH, Kering Show at Hainan Expo
LVMH group president of Greater China attended the Expo to sign a partnership agreement with The Haikou Integrated Free Trade Zone. LVMH will set up a bonded warehouse in the zone dedicated to the …
The Fifth China International Import Expo Embraced by Business Elites and Overseas Firms
A major platform for international procurement, investment promotion, cultural exchanges and open cooperation, the China International Import Expo (CIIE) has been held successfully for four …
Billionaire Jack Ma plans to cede control of China’s Ant Group
Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a …
What It Would Take for Jack Ma’s Ant to Reboot an IPO
Chinese regulators torpedoed Ant Group Co.’s would-be record initial public offering, sending shock waves across global capital markets. New rules have been slapped on the fintech giant, which has …
Steel price renews three-week high near $550 on downbeat China exports, DXY
Steel price takes the bids to extend previous day’s gains towards monthly top. China’s steel exports dropped in June, signs of further output reduction persist. DXY renews multi-day low as “technical …
Crypto platform Zipmex files for bankruptcy protection in Singapore
Singapore-based Zipmex said it was working to address its exposure of $53mln to crypto lenders Babel Finance and Celsius …
China Will Step up Efforts to Stabilise Foreign Trade in H2 – Commerce Ministry
China will strengthen efforts to stabilise foreign trade in the second half of the year, the commerce ministry said on Friday. The country’s foreign trade faces “high risks, difficulties and many …
Bay Area software developer loses $1.3M in cash and retirement in popular crypto scam
Federal investigators say the scam known as [i]pig butchering[/i] is specifically targeting Asian-Americans in the Bay Area, according to the I-Team’s original report.
No business as usual with China
European stakeholders must prepare for many more challenges ahead to make economic interdependence with Beijing safer.
