Tag: China

January 6, 2021

Zhong Shanshan has turned water into gold. Zhong, chairman of Chinese bottled water empire Nongfu Springs, has become the sixth richest person on the planet as shares in his company has soared nearly 20% since the beginning of 2021. Zhong’s […]

June 30, 2020

China’s central government on Tuesday unanimously passed a National Security Law to be imposed in Hong Kong, according to multiple reports from local media, each citing unnamed sources. The measure moved forward despite widespread opposition from lawmakers and citizens in […]

December 13, 2019

China and the U.S. have agreed on the text of a phase one trade deal, which will see the removal of tariffs on Chinese goods in stages, Vice Commerce Minister Wang Shouwen said, as U.S. President Donald Trump announced some […]

September 14, 2018

Over 80 American trade organizations have joined forces to form a new multi industry coalition to fight against government tariffs they say are bad trade policy that hurt American small businesses. The group, called Americans for Free Trade, held a […]

July 13, 2018

Some U.S. businesses are putting capital projects on hold due to the uncertainty over the Trump administration’s tariffs, according to the Federal Reserve. Small Business Impact of a Trade War With China Despite bullish stock markets and strong labor markets, […]

November 14, 2017

(Reuters) – Amazon.com Inc’s Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon’s Chinese web services business for up to 2 billion yuan ($301 million), ending the U.S. firms’s cloud-computing business in the country. Sinnet, which began operating […]

May 2, 2017

In early March, Tesla surprised everyone when it said it had just sold $1 billion worth of vehicles in China in 2016. Until then, the narrative surrounding Tesla in China was that the company just didn’t get it. Because of […]

March 20, 2017

Chinese companies have received another warning over their enthusiasm for foreign buyouts with the head of China’s foreign exchange regulator calling on them to invest “carefully”, according to an official state newspaper on Monday. “Overseas mergers and acquisitions can sometimes […]

March 3, 2017

Tesla (TSLA, +0.18%) has broken through the $1 billion sales mark in China, according to its latest U.S. regulatory filing. The Palo Alto-based tech company took three times the revenues from the Middle Kingdom this year compared to last, giving […]

October 17, 2016

Tencent Holdings said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors including Chinese state-owned investment firms AVIC Capital and CITIC Capital. Tencent TCEHY 0.67% , China’s biggest gaming groupagreed in […]

September 7, 2016

Apple had better hope that the new iPhones it plans to unveil this week strike a chord with consumers in China. According to the latest numbers from Kantar Worldpanel ComTech, market share of iOS for what the firm defines as “urban […]

August 2, 2016

China’s funds regulator said on Monday it has canceled the licenses of over 10,000 funds, amid a crackdown on the country’s poorly regulated fund management sector, which has been dogged by runaway managers and misappropriation of investments. Read More on […]

July 22, 2016

Tech giant Samsung Electronics said on Friday it sued Huawei Technologies for patent infringements through multiple courts in China, escalating a legal conflict between the smartphone rivals. The suits mark the latest salvo in a fight between the world’s No. […]

June 23, 2016

Walt Disney has taken three Chinese firms to court over concerns local animation “The Autobots” copied elements from Disney’s own hit movie “Cars,” as the U.S. firm looks to protect its drive into the world’s second-largest economy. A court in […]

June 23, 2016

McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter […]

June 3, 2016

A U.S. Commerce Department subpoena looking into Huawei’s sales in U.S.-sanctioned countries like North Korea poses a serious threat to China’s most successful tech company. In the subpoena sent to Huawei, the Commerce Department is demanding information about the company’s […]

April 28, 2016

In theory, effective international brand management focuses on rapid expansion and reach. A premium is also placed on ensuring that the growth is consistent with the strategic and tactical goals set back home. But theory doesn’t get you to the […]

April 25, 2016

Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world’s biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention. Total auto sales […]