Three years after the US imposed its first trade war tariffs, they remain in place for most goods under the Biden administration and broader relations have sunk to new lows.
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Didi drops 20% after IPO as Beijing tightens data security review
Chinese cybersecurity regulators launched investigations of three companies that had recently listed in the U.S., hinting at concerns that their data could fall into foreign hands. Beijing also said …
D2Cs in China are stepping to global brands with their home-court advantage
Though virtually unknown outside of China, a new crop of local direct-to-consumer brands are making a name for themselves at home—and even outperforming some of the major foreign players. During the …
Didi Plunges Below IPO Price as China Expands Crackdown
Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad.China’s …
4 Ways Western Luxury Brands Can Localize China Retail
Retailers have replaced universal approaches with personalized experiences and customized products. These are four ways luxury brands can localize in China.
China’s 618 Festival: Shiseido, Lancôme Among Top Beauty Brands
Though thousands of brands crowded into the country’s largest mid-year shopping festival in June, Shiseido, Lancôme, Estée Lauder, L’Oréal and Yves Saint Laurent were the highest performing beauty …
Why did Didi choose the US over Hong Kong for its IPO?
The US has been an easier path to the public markets for Chinese firms, but the latest crackdown by mainland regulators has some investors questioning whether it will be more difficult in the future.
Didi Plunges Below IPO Price as China Cracks Down on Tech
Shares of Didi Global Inc. tumbled below their U.S. IPO price after a Chinese regulator ordered the removal of the company’s platform from app stores. Bloomberg Intelligence’s Mandeep Singh has the …
China signals wider clampdown on overseas listings after Didi IPO
Rules for overseas listings will be revised, China’s State Council said in a statement days after Didi Global’s IPO.
China cracks down on its own tech companies, complicating U.S. IPO plans
U.S. tech companies for years have grumbled about how the Chinese government favored its homegrown heroes, largely shielding them from global competition. Now, though, China is turning on its own Big …
Didi’s US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO
China on Sunday ordered app stores to remove Didi, the country’s biggest ride-hailing app, just days after its blockbuster US listing.
Bitcoin pares gains as China closes company over crypto trading
The price of Bitcoin pared earlier gains and dropped below $34,000 after a Beijing office of China’s central bank announced it had ordered the closure of a Chinese software maker over cryptocurrency …
China deepens crypto crackdown with central bank warning
China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as it shut down a software firm over …
