Multinationals investing in China are gaining more confidence as the country further unleashes its economic and social vitality, said Ricky Wong, vice-president of KPMG China. “China’s economy will see a strong rebound in 2023,
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TikTok parent ByteDance has special stock owned by China’s government. Here’s how ‘golden shares’ give Beijing influence over the social-media giant.
But according to the Wall Street Journal, the government’s purchase of the golden shares was partly intended to give Beijing a say in what happens … unless it goes through with an IPO or gets…
Expect multiple IPOs after Alibaba splits into six units in major overhaul of e-commerce giant, CEO Daniel Zhang says
Shares of Alibaba, owner of the South China Morning Post, surged in New York and Hong Kong after the plan was announced on Tuesday. Do you have questions about the biggest topics and trends from…
China back in business, but foreign SMEs and startups fearful of returning
China wants the world to know its economy is open for business again, but foreign startups and smaller companies have a growing list of reasons the giant consumer market is losing its allure. A sense…
Syngenta caught out by eleventh hour delay to mammoth China IPO
With China accounting for a fifth of the world’s population but … It’s not the first time the Shanghai exchange has called off IPO hearings, though. At least three have been cancelled in the past…
U.S. Pushes for Business Investment in Africa to Counter China’s Reach
The Biden administration is pushing hard for American businesses to invest in Africa despite the obstacles they face there, more than a decade after China began expanding its economic and political ties with countries across…
Chairman says Gazprom close to maximum gas supply to China
BO’AO, China — Russia’s Gazprom is increasing gas supplies to China and expects soon to reach the maximum planned level through a Siberian pipeline, its chairman said Wednesday, highlighting Beijing’s …
Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO
“This is probably the biggest goal for Alibaba Group itself,” Kingston Securities executive director Dickie Wong said of Ant Group’s initial public offering plans, adding “there’s big hope” for a …
Alibaba’s overhaul: a ‘smart’ move after China crackdown
Alibaba, China’s biggest e-commerce company, has announced plans to split its business into six groups, in one of the most significant overhauls of a leading Chinese tech firm to date. Below is what …
Rift Between Gaming Giants Shows Toll of China’s Economic Crackdown
A partnership that had been worth about $750 million in annual revenue, according to company filings and the video game research firm Niko Partners, had become another case study in the increasing …
China asks German businesses to help it get in good with the European Union
German investors and business owners with a stake in China have grown increasingly concerned amid diplomatic strife and zero-Covid disruptions China’s foreign ministry similarly asked American …
Alibaba’s breakup lifts hopes China’s regulatory winter is thawing
as well as its data security practices in its cloud business and labour practices for its delivery units. In what many observers viewed as symbolic of the regulatory chill, Ma, its founder, left China …
China kicks off Boao Forum for Asia, seeking to reconnect with business world that is looking elsewhere
Billed as China’s answer to the World Economic Forum in Davos, the economic conference in Boao serves as a major platform to reconnect with the business world after three years of isolation under a …
