The London-listed company saw pre-tax profits grow from £500,000 in the first half of last year to £10.7m in the past six months.
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Renault and China’s Geely will form a hybrid-focused joint venture in Asia
Renault will focus on sales and marketing. Along with China, the companies are eyeing South Korea as a key market for their joint venture. They plan to sell localized versions of hybrids from Geely’s …
BBVA to offer payment and financing services on Trusple – Ant Group’s blockchain platform for global trade
BBVA and Ant Group (Alibaba affiliate) have signed an agreement to collaborate on the integration of financial services in their platform, Trusple.
China Telecom eyes mega Shanghai IPO
Workers from China Telecom install mini 5G base stations at a telephone booth in Shanghai. The company is expected to install similar 5G equipment in more than 100 telephone booths by the end of the…
Tech firm NetEase pulls $1bn Cloud Village IPO after Beijing’s attack on gaming
Chinese technology firm NetEase has put a pin in its $1bn Hong Kong listing for its music streaming service Cloud Village due to recent volatility in the tech market, according to reports.
NetEase unit Cloud Village pauses Hong Kong IPO as China’s antitrust scrutiny weighs on internet firms’ fundraising plans
The operator of NetEase Cloud Music originally planned to raise as much as US$1 billion, after winning the Hong Kong stock exchange’s approval, the Post had previously reported. Cloud Village’s …
China’s exports are doing ‘reasonably well’ despite slowdown in growth in July, professor says
Michael Pettis of Peking University explained that the pandemic has distorted year-over-year economic data due to “enormous base effects.” …
China goes from Driver to Brake for crude oil, iron ore and copper
China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data …
China Telecom eyes 2021’s biggest IPO to raise $8.4B
Months after being delisted in the United States amid Washington’s stand-off with Beijing, China Telecom could raise more than $8 billion in a …
Wall Street investment banks cut China forecasts
Wall Street banks Goldman Sachs, JPMorgan and Morgan Stanley all cut their China growth forecasts on Monday after the country reported lower than expected import and export numbers and on concerns …
The New Digital Paradigm For Luxury Brands In China
A large part of China’s luxury sales now happen digitally, thanks to a new set of rules that every luxury brand must know.
A Rising Fitness Equipment Maker – Yunmai, Chooses Ansu Fati as its Brand Ambassador to Start Overseas Business
The rising fitness equipment brand – Yunmai, announced in April 2020 that it has contracted with Ansu Fati, a renowed football player in Laliga Club B …
China Telecom eyes US$8.4 b Shanghai IPO, world’s biggest in 2021
China Telecom could raise more than US$8 billion in a Shanghai initial public offering (IPO) that would be the biggest this year, months after it was delisted in the US amid Washington’s stand-off …
