Chinese restaurant chain Haidilao Hotpot raised just short of $1 billion in its Hong Kong IPO on Tuesday, after pricing shares at the top end of its range. Stock went on sale at HK$17.80 a piece, bringing in $963 million in raised funds and giving the company a valuation in the region of $12 billion, […]
Category: Consumer
Former Chinese Finance Minister Lou Jiwei has speculated that China could retaliate to US tariffs by hitting their high-value-added manufacturing sector, Caixin reports, cutting off supply lines of intermediate materials to US producers. Speaking at the China Development Forum Special Session in Beijing, Lou, currently the chair of the National Council for Social Security Fund, […]
There was a sort of calm in China over this past week. No big announcements, a bunch of little stuff that tended towards the negative, but we’re waiting for certain issues to be clarified. Top of the list is the US-China tariff war – is it going to bite and if so with what consequences? […]
August’s spending data continued to cast an overall gloomy overhang on China’s economic growth, with fixed asset investment growing at its slowest pace ever. Domestic spending remained weak last month, according to official data. Fixed investment growth, a key indicator of demand levels, stood at just 5.3% year-on-year over the first eight months of 2018, […]
BATTLE OF THE SUPERAPPS