DEALS ON WHEELS
Category: Consumer
Smartphone maker Xiaomi Corp, which is expected to make a landmark stock market debut in coming weeks, has lowered its anticipated valuation to between $55 and $70 billion, in addition to delaying the mainland portion of the listing, sources told Reuters. The company was initially poised to gain a valuation of at least $70 billion […]
Google will gain a further foothold in Asia’s tech and e-commerce markets with a $550 million investment in Chinese online retailer JD.com, Reuters reports, fusing JD’s stock with its search and shopping platforms. The deal will also allow JD to move outside of its China base into Western markets, where it currently has a very […]
In a news-heavy week, the Singapore meeting between Trump and Kim was the clear winner in terms of both number of headlines and lack of substance. Although that’s not quite true. The Trump announcement to end joint military exercises with South Korea without getting anything in return again raised the question of Trump’s motives, but […]
Data released by China’s National Bureau of Statistics on Thursday point to a slowdown in a range of economic indicators for the month of May, with retail sales, fixed-asset investment and industrial output all falling short of estimates. Retail sales grew at the slowest pace in 15 years in May, at 8.5% year-on-year (y/y). Growth […]