The United States and China imposed further tariffs on another $16 billion of each other’s goods on Thursday after two days of talks between mid-level officials from the two countries in Washington ended without a deal, Reuters reports. The American side appears to be continuing to pressure China to make concessions on issues such as […]
Category: Consumer
Chinese online services platform Meituan-Dianping will launch its much-anticipated initial public offering in Hong Kong on September 20, sources told Caixin. The company is expected to raise at least $4 billion at a valuation of around $50 billion, putting it in similar territory to smartphone maker Xiaomi, which raised $4.7 billion in a Hong Kong […]
A Chinese delegation arrived at the US Treasury Department on Wednesday for the start of the first round of trade negotiations between US and Chinese officials in more than two months, Reuters reports. Industry and consumers groups in the US hope that the talks will help to avert a further escalation of the burgeoning trade […]
Tourists from the Chinese mainland made more than 71 million overseas during the first half of 2018, an increase of 15% year-on-year, the South China Morning Post reports. Chinese online travel firm Ctrip attributed the continued surge in outbound tourism to the fact that it is becoming increasingly easy for residents in lower-tier Chinese cities […]
Chinese smartphone maker Xiaomi has bounced back from a tepid initial public offering in Hong Kong last month by posting strong financial results for the second quarter, the Financial Times reports. The company made a profit of $2.1 billion in the second quarter, after posting losses of over $1 billion for the first three months […]