As hot weather swept across China over the past two weeks, it also brought new opportunities, fueling businesses such as food delivery and online ride-hailing service, 21st Century Business Herald reported. Most parts of the…
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Top 10 Fortune Global companies
China’s State Grid came in second with $315.20 billion in revenue in 2016, followed by China’s major oil companies Sinopec Group and China National Petroleum Corporation. Warren Buffet’s insurance and investment group Berkshire Hathaway made…
Graduate brings sweet smell of lavender to North China
[Photo/VCG] After Yang Tong graduated from a college in 2010, the post-80s man returned to his hometown to open the first lavender farm in Zhangjiakou, North China’s Hebei province. Not only Yang planted general lavender…
Wynn Resorts shares crater after walk-in business in China slows down
Shares of high-end hotel operator Wynn Resorts fell more than 6 percent Wednesday after the company said gambling at their tables decreased in Macau. Wynn said mass market operations, or walk-in business, from Wynn Macau…
Hunting rhinos: What Dalian Wanda saga says about China
That was the stark assessment a long-time China watcher gave me while discussing what’s happening to one of the country’s richest men, Wang Jianlin. Mr Wang, once considered a Beijing favourite, seems to have fallen…
Xiaomi edges past Apple in China’s Q2 smartphone sales, as local brands extend lead
China’s home-grown brands continue to gain ground in the world’s largest smartphone market, pushing aside Apple and Samsung Electronics with their offerings of sophisticated models at reasonable prices. Huawei Technologies, the world’s largest … (…
China’s underground anime fan culture is changing how brands market in China
Some Chinese tech firms get all the attention. BATJ, Xiaomi, ofo, and all the “sharing economy” startups have dominated headlines over the past few years. However, there is another group of companies who choose to…
Report: Xiaomi sales climb but Huawei remains China’s top smartphone brand
China’s Xiaomi, once the world’s highest valued tech startup … He also held positions at Kingsoft, leading the company to its IPO on the Hong Kong stock Eexchange. He currently serves as Chairman of UCWeb,…
China to ensure quality, normalization of IPOs
China’s securities regulator will make more efforts to ensure the quality of initial public offerings (IPOs) and maintain the trend of IPO normalization, an official statement said Wednesday. The China Securities Regulatory Commission (CSRC) will…
Business survival between rival US and China dreams
The advent of Xi Jinping in China and Donald Trump in America has disrupted both nation’s governance and external relations, creating a whole new set of ambiguities for multinational companies and financial institutions. The riptide…
Apple is at risk of falling out of the top 5 smartphone vendors in China
Local brand Xiaomi snagged the fourth-place spot that was held by Apple, according to Canalys. The iPhone 8 is expected by some analysts to revamp Apple’s influence in China. It’s an area where Apple has…
Brushing off bank worries, HNA taps Goldman for unit Pactera’s IPO: sources
The sprawling conglomerate has seen its banking relationships come under scrutiny in recent weeks, as Beijing reins in what it sees as excessively splashy deals by China’s top dealmakers. One of the sources said Pactera…
For China’s Global Ambitions, ‘Iran Is at the Center of Everything’
“You can pick any project, they are all under this umbrella.” Business ties between Iran and China have been growing since the United States and its European allies at the time started pressuring Iran over…
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