China stocks slipped on Friday to snap a three-week winning streak, as defensive consumers stepped back from a rally, although there were signs investors are pumping fresh money into a market buoyed by solid economic…
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Camembert crackdown! China bans soft cheese imports
China is taking a hard line on soft cheese … CEO of Shanghai-based Cheese Republic. His business, which sells imported cheeses online, warned customers of the ban in a message shared Thursday on Chinese messaging…
Chinese online insurer ZhongAn wins HK approval for $1 billion IPO: sources
The IPO would be the biggest by a financial technology company … Tencent Chairman Pony Ma and Ping An Insurance Group Co of China Ltd (2318.HK) Chairman Ma Mingzhe. Its major shareholders include two of…
Apple crushes Samsung in China as iPhone attracts twice the loyalty in upgrades over domestic brands
Young smartphone buyers in China are preferring to buy low-priced domestic brands over phones from Samsung, but the loyalty rate in buying another Oppo or Vivo phone is half that of buyers getting another iPhone—which…
Exports to China called vital for US
according to a report released on Wednesday by the US-China Business Council. The report was released at a time of serious concern about bilateral trade after the United States announced two weeks ago a Section…
China’s live streaming platforms raise over $1.5b in H1
China’s online live streaming platforms raised more than 10 billion yuan ($1.5b) in the first half of this year, with most of the financing flowing into top players, according to a report by 21st Century…
China’s got some distance to cover
Although China’s presence in the Asian scheme of things is growing, it’s still far from being the power it wants to be Is it the grand visionary scheme of the century that will transform Asia?…
Spectrum Brands is expanding into China
Rayovac hearing aid batteries, STP motor oil and George Foreman grills will soon be sold in China. Spectrum Brands Holdings, the Middleton consumer products company that markets those products and many others, says it has…
Why China can’t get enough of QR codes
Business cards, bikes and bills Beyond payments, the codes are now used for all sorts of services in China, like exchanging business cards and renting bikes. Chinese authorities are also getting on board. In Hangzhou,…
China agrees the UN must ‘take necessary measures’ to crack down on North Korea
Russia’s President Vladimir Putin (R) and China’s President Xi Jinping arrive to a documents signing ceremony during their meeting at the Kremlin in Moscow, Russia May 8, 2015. Reuters/Sergei Karpukhin BEIJING/VLADIVOSTOK, Russia (Reuters) – China…
Chinese logistics firm Best, backed by Alibaba, launches $932 million U.S. IPO
The Hangzhou-based company, led by Johnny Chou, a former Greater China president for Alphabet Inc’s (GOOGL.O) Google, plans to list on the New York stock exchange and the IPO will be equivalent to 16.4 percent…
China e-car venture Future Mobility names brand Byton, eyes U.S., Europe
SHANGHAI (Reuters) – Chinese electric-car venture Future Mobility Corp, co-founded by former BMW and Nissan Motor executives, has named its brand “Byton” that it plans to launch in the United States and Europe soon after…
Apple, Chinese Brands Beat Samsung’s China Q2 Sales Despite Galaxy S8 Release
Despite bringing its Galaxy S8 flagship phone to China, Samsung still failed to increase its sales in the country. Meanwhile, Apple managed to emerge as the top smartphone seller during the second quarter, with Chinese…
