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 is expected to value Best at…
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Goldman suspends work on U.S. IPO of HNA’s Pactera unit: sources
Goldman was not formally mandated for the IPO, which was in the early stages … It is seeking to raise capital through convertible bonds, two of the sources said. HNA, one of China’s most acquisitive…
How UK football expertise could help China win World Cup
That is creating opportunities for British firms as Chinese entrepreneurs, hoping to profit from President Xi Jinping’s edict to make China a successful football nation, seek overseas expertise. “I first launched a football business in…
China tells Trump that North Korea nuclear issue must be solved via talks
U.S. President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria…
China wants to sign a post-Brexit trade deal with the UK, but the idea it’s going to happen quickly is fantasy
So what lies in store for the future of Sino-British trade relations? Business Insider spoke to five experts in UK-China relations, whose opinions and predictions appear mixed. Here, they answer the key questions: If the…
China Investment Corp. cuts stake in Teck Resources to 10.4%, from 17.8%
China Investment Corp. has reduced its holding in Teck Resources Ltd. (TSX:TECK.B) by more than one-third, to 10.4 per cent. The Vancouver-based mining company says a CIC subsidiary has sold 42 million class B Teck…
China’s economic growth statistics may finally add up, in 2019
For local officials in China’s provinces keen to boost their chances of promotion, the days of being able to puff up the output data they send to Beijing may be coming to an end. Fifteen…
China’s fintech firms eye overseas IPOs to fund growth as regulations tighten at home
A new wave of initial public offerings (IPOs) by mainland Chinese financial technology (fintech) companies is taking shape as dozens of unprofitable technology start-ups rush to raise funds overseas amid tightened regulations at home. The…
What Travel Brands Can Learn from Alibaba’s New Luxury Marketplace
Luxury brands have previously been vastly underrepresented on China’s main e-tailers such as Alibaba’s T mall and JD.com. According to L2’s recent report Luxury China, 100 percent of consumer goods brands have an official presence…
Aramco Looks To China Ahead Of IPO
Saudi Arabia is getting ready to list 5 percent of its crown jewel—state oil firm Aramco—in what could be the biggest IPO ever. The Saudis claim that the whole company is worth US$2 trillion, while…
China hits booming cryptocurrency market with coin fundraising ban
China on Monday banned and deemed illegal the practice of raising … “The initial coin offering is a new business model leveraging blockchain technology and it will remain,” he said. “This is not the end…
Here’s why China’s crypto crackdown is ‘bigger than most people think’
Adam Efrima, the operations director of trading platform eToro in China, described the ruling as a “huge deal,” saying: “It’s bigger than most people think it is.” Efrima, who first alerted Business Insider to the…
VW recalls 1.8 million cars in China
These are external links and will open in a new window More than 1.8 million Volkswagen cars are being recalled in China because of a faulty fuel pump. China’s consumer watchdog said the recall affected…
