SHANGHAI, Sept 20 (Reuters) – China stocks edged higher on Wednesday, with sentiment propped up by signs of optimism among business leaders and expectations the government won’t tolerate sharp volatility in the country’s financial markets…
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Here’s why the crackdown on bitcoin in China is ‘not a real problem’ for the digital currency
Josh Olszwicz, a bitcoin trader, told Business Insider the markets are ignoring news out of China because it has zero impact on the coin’s actual blockchain technology. “If it doesn’t affect the protocol, then it’s…
European business hopes China’s new leadership can cure reform ‘promise fatigue’
BEIJING (Reuters) – A top European business lobby said on Tuesday it hopes the new leadership to emerge from China’s Communist Party meeting will show a commitment to market opening, but that its members were…
Best Inc. cuts IPO expectations one day before debut
A man walks in the compound of a distribution hub of the Chinese logistics company Best Inc in Beijing, China June 27 … expected a price range of US$13 to US$15 per ADS and an…
China-based Qudian Inc files for IPO
Sept 18 (Reuters) – China-based online credit provider Qudian Inc said on Monday it has filed for an initial public offering of up to $750 million of class A ordinary shares represented by American Depository…
Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR
The IPO previously consisted of 53.56 million new shares and … Best, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, was counting on optimism over China’s booming logistics market…
Struggle for foreign brands in China spreads to provinces
Multinationals are losing market share in China to domestic rivals as the quality and marketing of home-made goods become more sophisticated, according to our latest brand survey. This trend is particularly notable in third-tier cities.…
Trump’s top negotiator brands China an ‘unprecedented’ threat to global trading system
China’s economic model represents an “unprecedented” threat to the world trading system that can not be addressed under current global rules, President Donald Trump’s top trade negotiator said. “There is one challenge on the current…
This Jack Ma-Founded Startup Is Set to Have a Major IPO This Year
ZhongAn, China’s first online-only insurance company, announced an initial public offering in Hong Kong in which it plans to raise up to $1.5 billion for a potential valuation of $10 billion. The share sale will…
China’s luxury car market: Second-tier brands gain ground
The first half of 2017 was an exciting time for luxury automakers in China. Sales growth remained solid, but competition heated. Audi, the long-time luxury king in China, lost its throne to Mercedes-Benz and BMW.…
Once anti-logo, Dani Reiss leverages Canada Goose brand appeal in Europe and China
Dani Reiss, who runs Canada Goose Holdings Inc., used to be so anti-logo that he would cut the little crocodiles off his Lacoste shirts. Today, a prominent North Pole crest is emblazoned on the shoulder…
China vs US: who is copying whom?
But some Chinese companies are also leading the way in new services and business models. There are several reasons. Competing in a protected space — the likes of Facebook, Twitter, and Google’s search engine are…
Fashioning a brand’s evolution
Kulvinder Birring, acting CEO of Watsons China, plans to turn his firm into a top fashion brand in the Chinese market. [Photo provided to China Daily] Kulvinder Birring leads beauty and health chain Watsons China’s…
