Taiwanese tech manufacturer Foxconn (listed as Hon Hai Precision Industry Co.) is planning an IPO that will be the largest mainland Chinese listing since 2015. The company hopes to raise RMB 27.1 billion ($4.3 billion) at RMB 13.77/share, according to Bloomberg. This would value the firm at $43 billion, equal in size with Japanese tech […]
Category: Consumer
It’s quite tough trying to keep up with the current state of the US-China possible trade war, but it appears, bottom line, that the Chinese have offered a $200 billion cut in the trade deficit and have cancelled the threat of tariffs against US sorghum, while Trump has indicated an intention to overrule his own […]
Tencent Holdings smashed first-quarter expectations with a 61% profit increase driven by its mobile gaming and advertising services, the South China Morning Post reports this morning. The company, owner of China’s largest social media platform WeChat, posted net income of RMB 23.29 billion ($3.65 billion) up to March 31st – a 30% mark-up on market […]
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In a tweet on Sunday U.S. President Donald Trump offered an olive branch to faltering Chinese firm ZTE Corp., Reuters reports this morning, pledging to help save jobs and get the telecoms equipment maker “back into business, fast” following its decision last week to cease core business operations. “Too many jobs in China lost. Commerce […]