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Beijing’s efforts to cut pollution could be a smart move to back
U.S. stocks closed higher and the euro jumped against the greenback ahead of Asia's Friday trading session.
Chinese checkout-free store operator Xingbianli has denied rumors that it will exit third- and fourth-tier cities due to failing business, claiming the company is reassessing its store locations in smaller cities for better strategic planning. Xingbianli’s business sustainability has long been questioned. To expand quickly, Xingbianli reportedly placed snack bars in offices with as few as 30 people, which is much lower than its competitors’ standard of 50 to 100 people, raising questions about profitability. Its competitors Citybox and Xiaoe Weidian …
Chinese Checkout-Free Store Xingbianli Denies Rumors About Failing Business appeared first on China Money Network.
January 12, 2018 5:00 AMBEIJING • China's Premier Li Keqiang has said the world's second-biggest economy is expected to have grown around 6.9 per cent last year, the official Xinhua news agency reported, accelerating from a 26-year low in 2016.
January 12, 2018 5:00 AMHONG KONG • Bitcoin slumped yesterday as South Korea's Justice Ministry reiterated a proposed ban on cryptocurrency venues, fuelling concern that a crackdown will erode one of the world's biggest sources of demand for digital currencies.
January 12, 2018 5:00 AMLONDON • The European Union will spend €1 billion(S$1.6 billion) to try to catch up to China, the US and Japan in supercomputing, the European Commission said yesterday.
January 12, 2018 5:00 AMRecruitment firm HRnetGroup plans to invest in a joint venture to boost its expansion into China.
January 12, 2018 5:00 AMSEOUL • South Korea's Hyundai Motor said it had invested in South-east Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing.
CHINA-DEVELOPED computer chips will be widely adopted in government bureaus and core industries like banks and energy firms, Shanghai-based chip designer Zhaoxin said yesterday.
It’s the latest effort
China’s auto sales rose 3 percent to 28.88 million vehicles in 2017 from a year ago, the slowest market expansion since 2012, according to data from the China Association of Automobile Manufacturers y
Internal debate over forex reserves to rage as long as stability trumps all
China is diversifying its foreign exchange reserves in order to safeguard their value, the country’s currency regulator said yesterday, while dismissing a media report the government is halting or reducing
Hong Kong stocks extended their record run into a 13th day yesterday, helped by inflows of cash from mainland traders, while Shanghai clocked up a 10th day of gains.
Honeywell’s revenue in China grew by double digits last year as the US-based multinational rode on the nation’s environmental protection and industrial upgrading efforts.
HUAWEI won a patent infringement lawsuit against South Korea smartphone rival Samsung yesterday, according to information released by a Chinese court.
The court ruled in the Chinese company’s favor over
SAM’S Club, the membership-only warehouse retailer under Walmart, plans to have 40 outlets on the Chinese mainland from 19 now as the company expressed high confidence in the consumption power of its
CHINA’S benchmark Shanghai Composite Index rose for a 10th straight trading day yesterday to the highest level since November 22, 2017.
Although the index mostly fluctuated under the previous closing,
SALES of pre-occupied homes more than halved in Shanghai last year while prices fluctuated moderately as local authorities strictly enforced tightening policies to quell speculation, hitting buyers’ sentiment.
DUBAI/LONDON (Reuters) - Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said.
(Reuters) - U.S. stocks rose on Thursday with a broad-based rally across sectors as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and higher oil prices.
(Reuters) - Wall Street was set for a positive session on Thursday, as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and rising oil prices.
SHANGHAI/PARIS (Reuters) - A deal long sought by French company Areva to build a $12-billion nuclear waste reprocessing plant in China looks increasingly unlikely to go ahead despite a visit to Beijing by President Emmanuel Macron meant to drum up business.
Foreign-exchange regulator says media report on Beijing’s plans for US government debt is ‘mistaken’
Japan summoned China’s ambassador after it said detected a submarine and a frigate in waters near islands held by Japan and claimed by China.
Part of China, they maintain their own legal, political and economic systems.
BERLIN (Reuters) - Germany's Rocket Internet needs to hold on to its mountain of cash so it can compete with rivals from the United States and China and pounce when investment opportunities arise, the chief executive said in an interview.
LONDON (Reuters) - Worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S. debt.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
DealShot: THG Joins $23M Round In Chinese Electronic Signature Service Provider Tsign appeared first on China Money Network.
In December 2017, Producer Price Index (PPI) for manufactured goods increased 4.9 percent year-on-year, and increased 0.8 percent month-on-month. The purchasing price index for manufactured goods increased 5.9 percent year-on-year, and increased 0.8 percent month-on-month. In 2017, the PPI increa...
Shenzhen-based fresh fruit chain retailer Pagoda has completed a RMB1.5 billion (US$230 million) series B round as investors continue to support China’s fresh produce e-commerce industry. A number of investment firms participated in the round, according to Chinese media reports, including Co-Stone Capital, Source Code Capital, Shenzhen Capital Group Co., Ltd., Zhongzhi Capital, Zhongjin Zhide Equity Investment Management and Yuexiu Industrial Fund. It is unclear how Pagoda is valued in the round. The company did not respond immediately to an inquiry …
Source Code Joins $230M Round In Chinese Fresh Fruit Chain Pagoda To Boost Online Sales appeared first on China Money Network.
Within six months, as director general of the General Agreement on Tariffs and Trade, Peter Sutherland had badgered and shamed 117 nations into accepting the market-opening accord that created the World Trade Organization, an engine for globalization that later helped lift China out of poverty and transformed industries world-wide.
In December 2017, the consumer price index (CPI) went up by 1.8 percent year-on-year. The prices grew by 1.9 percent in cities and 1.7 percent in rural areas. The food prices went down by 0.4 percent, and the non-food prices increased 2.4 percent. The prices of consumer goods went up by 1.1 perce...
Demand for tech groups drives $71bn of start-up money to region
SEOUL (Reuters) - South Korea's Hyundai Motor Co said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing.
Financial markets took a hit from a report that China is trimming its U.S. bond holdings — but is this political posturing?
January 11, 2018 2:00 PMSINGAPORE (THE BUSINESS TIMES) - The local stock market rally during the latter half of 2017 has propelled the Singapore Exchange (SGX) into the "trillion-dollar club", but more consolidation is expected with China companies still hungry for mergers and acquisitions (M&As).
TOKYO (Reuters) - The New Year rally in Asian shares petered out on Thursday due to concerns about rising U.S. protectionism, while bonds rebounded after China's regulator called a report about Beijing slowing or halting of its U.S. bond buying possibly wrong.
Drastic nti-pollution measures prompt cleaner air despite rise in energy consumption
Media reports on China considering reducing or halting purchases of U.S. Treasuries could be based on wrong information, a Chinese government source said.
Apple Inc announced that it will hand over its iCloud data storage services in mainland China to a state-owned company in Guizhou by the end of next month, due to regulatory concerns. Apple’s move is another indicates how foreign companies are adapting to Chinese cyber regulations. China’s cybersecurity laws forbid foreign companies from owning or operating certain technology for the provision of cloud services and requires foreign firms to store data within the country. Last November, Amazon sold some of …
Apple Hands Control Of iCloud Service To China State Firm Due To Cybersecurity Law appeared first on China Money Network.
The U.S. made a move this week to strengthen its relationship with Taiwan, raising eyebrows in China.
China's commerce ministry has warned that protectionist sentiment is rising in the U.S. following the collapse of the Ant Financial-Moneygram deal.
Kr Space, a Chinese co-working space spinoff from technology, media and entrepreneurial services company 36Kr, has completed a new financing round of RMB600 million (US$92 million). Venture capital firms IDG Capital, Gobi Partners, Unity Ventures, Prometheus Capital, a fund established by Chinese tycoon Wang Jianlin’s son Wang Sicong, China Minsheng Investment Management and Colony New Yangtze Fund participated in the round, according to an article published on 36Kr’s own media portal, 36Kr.com. It is unclear how 36Kr is valued in the …
IDG Joins $92M Round In Chinese Co-Working Firm Kr Space appeared first on China Money Network.
Chinese bitcoin mining firm Bitmain Technologies has reportedly set up a subsidiary in Switzerland, named Bitmain Switzerland, following reports that Chinese regulators are considering a ban bitcoin mining in China. Bitmain did not immediately respond to China Money Network’s request for comment. The move comes a week after reports that Chinese regulators may ask bitcoin mining firms to exit the business gradually and outlined plans to limit electricity usage by bitcoin miners to reduce their production capability. It is expected that …
Chinese Bitcoin Mining Firm Bitmain Reportedly Opens Swiss Subsidiary As Beijing Cools Bitcoin Mining appeared first on China Money Network.
Beijing and the surrounding region recorded big improvements in air quality.
January 11, 2018 10:40 AMSINGAPORE - Chinese authorities have ordered its army of bitcoin miners to quit operations, clamping down on a group estimated to produce some three-quarters of the world's supply of the cryptocurrency, according to reports in the Wall Street Journal and a handful of tech portals.
Many users of Ant Financial's Alipay service were automatically enrolled in its credit scoring system.
China's premier said 2017 GDP growth was expected to be about 6.9 percent, with foreign exchange reserves rising.
January 11, 2018 9:31 AMSEOUL (REUTERS)- Hyundai Motor said on Thursday (Jan 11) it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.
SEOUL (Reuters) - Hyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.
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