Popular Chinese ride-hailing app Didi Chuxing launched its service in Mexico on Monday, continuing the company’s expansion into Latin America. The app’s parent company, Didi Chuxing Technology Co., said in a statement that it opened its services in Toluca, to the west of Mexico City, but it plans to extend operations to other Mexican cities […]
Category: Brief
US representatives took a strong line at the International Monetary Fund spring meetings over the weekend, the Financial Times reports, insisting that large surpluses in countries like China and Germany be scaled back. The central discussion point for the meetings was the ever-present threat of a trade war between China and the US, which ministers […]
China should not let trade tensions with the US disturb its policy of financial market reforms and liberalisation, recently appointed PBOC chief Yi Gang said on Friday, citing concerns over the global repercussions of continued trade threats. Speaking at the Caixin Roundtable conference in Washington, Yi said that “further escalation of trade tensions between China […]
The US and China have both endorsed the prospect of a visit to Beijing by US Treasury Secretary Steven Mnuchin, wrote Bloomberg Sunday morning, as trade tensions between the two countries begin to simmer. “A trip is under consideration,” Mnuchin said on Saturday at the IMF spring meetings. “I’m not going to make a comment […]
Another landmark tech IPO could be on the cards as China’s largest music-streaming company Tencent Music Entertainment Group looks to emulate the likes of Spotify on the stock market. Sources told the Wall Street Journal that parent company Tencent will be talking to potential underwriters in the next month, with the IPO coming in the […]