The year winds down. Finally. What to focus on? It looks like Hong Kong is going to have mainland border officials in Hong Kong territory – at the terminus of the new rail link to/from Shenzhen. It still has to pass Legco, but it’s another sign of the times. Next step, one presumes, a revised […]
Category: Business Practice
The week was defined by the Trump speech in which he talked of the strategic competition to the US from Russia and China. But the power of the message was undercut by the general and growing sense of confusion emanating from Washington. Trump broke away from the prepared text several times to talk about the […]
China’s ride-hailing unicorn Didi Chuxing has completed its second multi-billion funding round in eight months, as the company looks to expand into several new business areas, Caixin reports. A group of Chinese and overseas investors pumped $4 billion into Didi during the latest financing round, which was led by Japanese telecom giant SoftBank Group, Abu Dhabi’s […]
China’s two biggest bike-sharing unicorns – Mobike and Ofo – could be heading toward a mega-merger that would create a single dominant industry player, according to Caixin. The two companies have burned through billions of dollars of investors’ cash over the past two years in a bid to undercut each other on prices and flood […]
China is set to introduce tighter rules for state-run companies that wish to invest overseas, including creating a blacklist of badly-behaving firms, a government source told China Daily. The government is also working on an outbound investment code of conduct for state-owned enterprises, which is yet to be made public. The regulations are said to […]