Opening up. Opportunity. Development. These were the three signals sent out Wednesday by China’s top representative at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, to the political and business leaders attending the…
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US blacklists NKorea business interests in China, Russia
WASHINGTON (AP) — The Trump administration has imposed a slew of sanctions on North Korean financial and business networks in China and Russia in the latest effort to cut off revenues for its nuclear and…
Trade conflicts with U.S. reveal a complicated reality for China
The new duties, and the threat that levies on China’s exports of steel and aluminum could be next, have given rise to warnings of looming revenge from Beijing, through new measures against U.S. auto makers,…
China’s regulator snubs psychiatric hospital’s IPO bid despite huge investor interest
China’s securities regulator threw a wet blanket over investors’ mounting fervour to profit from the booming mental-health-care service sector after it rejected a listing application by the country’s largest privately-owned psychiatric hospital group. ( read…
China Express Airlines wins IPO approval for fleet expansion
China Express Airlines has secured approval for an initial public offering (IPO) to expand its fleet, becoming the first regional carrier in China to launch an IPO. The Guiyang-based carrier plans to collect CNY1.4 billion…
China’s cryptocurrency crackdown cost bitcoin company BTCC tens of millions in revenue: ‘It was in the realm of our worst possibility’
China banned bitcoin exchanges at the end of 2017 … BTCC founder and CEO Bobby Lee told Business Insider: “We always knew it was a risk that the Chinese government would look unfavourably on bitcoin…
China’s method of business will ultimately beat out the US approach, CEO says
Chinese entrepreneurs are focused on their domestic market, but they will start looking abroad within the next five to 10 years, according to the chairman and CEO of venture capital firm Sinovation Ventures. When that…
Russian Funds May Invest In Aramco’s IPO To Boost Oil Ties
“We see great interest in the Aramco IPO from Russian pension funds as well as from our … stake in the lowest-cost oil producer and major exporter of the commodity that Beijing will continue to…
Chinese Baby Formula Brands Fail Domestic Food Safety Inspections
China has repeatedly been rocked by scandals involving domestic baby formula brands tainted with unsafe materials. The most serious occurred in 2008 when scores of infants fell sick or died from baby formula tainted with…
China’s IPO hopes buoyed by outsized belief in ‘unicorns’
Xiaomi has a scant 7 per cent share of the smartphone market and is still clawing its way back from a particularly torrid low point. However, bankers advising the Chinese handset maker on a potential…
China’s Wanda taps Citigroup, CLSA, UBS for sports unit IPO: sources
SAN FRANCISCO/HONG KONG (Reuters) – Chinese conglomerate Dalian Wanda Group has tapped three banks including Citigroup Inc and UBS Group AG to work on a proposed initial public offering for its sports businesses, four people…
E-commerce revives China’s classic brands
Jinhua ham is dried in the sun in Zhejiang province. Selling on Tmall has helped boost annual sales growth of China’s classic brands such as Jinhua Ham. [Photo by Qian Xudong/For China Daily] Wearing costumes…
New wave of Chinese IPOs heads to U.S.
With the U.S. market still riding high and China’s internet sector continuing to grow, a fresh wave of Chinese IPOs is expected in the U.S. this year, Chinese analysts said. Online content providers in such…
