Top Chinese and US diplomats are expected to meet face-to-face in Hawaii on Wednesday, as the two countries try to dial down tensions in the relationship, reported the South China Morning Post. US Secretary of State Mike Pompeo would hold talks with Yang Jiechi, a member of the Communist Party Politburo, the SCMP reported earlier, but […]
Category: Brief
Chinese video streamer iQiyi is building an international management team as it looks to expand overseas, reported Caixin. The Nasdaq-listed Chinese video streaming giant has poached Kuek Yu-Chuang from its US rival Netflix, hiring him as vice president of international business to oversee its strategic planning, marketing, business development and public affairs functions for its overseas businesses, according […]
China has finalized new rules for companies looking to list on Shenzhen’s ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market, reported Reuters. Spurred on by the trade war with the United States, China has sought to make it easier for startups, particularly tech firms it sees […]
The European Union’s foreign policy chief has ruled out a transatlantic alliance against China and dismissed “systematic rivalry” with Beijing, just hours before he is due to talk to his US counterpart, reported the South China Morning Post. EU High Representative for Foreign Affairs Josep Borrell called for a “big, positive agenda for EU-China cooperation” on Sunday, just […]
American Express received approval to start bank card clearing services in China, making it the first foreign payments network to be allowed to process local currency transactions in one of the world’s largest markets, reported Caixin. The People’s Bank of China granted a network clearing license to American Express’s China joint venture, Express (Hangzhou) Technology […]