Chinese conglomerate CEFC China Energy continues to crumble, announcing plans to sell off its entire global property portfolio worth over RMB 20 billion ($3.2 billion), sources close to the matter told Bloomberg. Close to 100 properties have been put on the market, mainly located in Chinese tier-1 cities but some in Europe and the US, […]
Category: Business Practice
China’s largest airline by passenger numbers China Southern Airlines Co. hit record profits in 2017, Reuters reports, topping off a rewarding year for the travel industry. The company’s annual figures released yesterday showed net profit of RMB 5.91 billion ($941.92 million) in 2017, jumping 17% from 2016 and surpassing the previous record of RMB 5.8 […]
TAKING IT SLOW
In the tech world, Chinese taxi app Didi Chuxing is entering into a deal with electric-car startup Beijing Chehejia Information Technology, in an attempt to bring new energy vehicles into the ride-sharing industry. The cars being developed under the collaboration will be level 3 standard (on a 1-5 scale, 5 signifying that no driver is […]
This column is being written in haste this week as we concentrate on fortifying our watchtower on the China coast ahead of the impending trade war. Actually, the tariffs and other sanctions and steps being prepared in Washington are unlikely to have much of an impact initially. But as a harbinger of the future and […]