Labubu toymaker Pop Mart plans to establish its European headquarters in London, reports the South China Morning Post. This came as UK Prime Minister Keir Starmer met the company’s founder during a high-profile China visit aimed at rebuilding Britain’s economic ties with China. “London stands at the heart of the global creative ecosystem, and we are thrilled to plant our European roots there,” Wang said in a […]
Category: Investment
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AstraZeneca to invest $15BN in China
UK drugmaker AstraZeneca will invest $15 billion in China through 2030 to expand medicines manufacturing and research and development, reports Reuters. The announcement was made as British Prime Minister Keir Starmer visited Beijing. The announcement marks the biggest deal so far during the trip, as Britain seeks to strengthen ties with Beijing at a time of […]
Pop Mart extended its rally in Hong Kong on Wednesday after unveiling an accelerated push into the US market, reports the South China Morning Post. The rise underscores how overseas expansion is helping the Chinese toymaker offset lingering pressures at home, says the Post. The maker of Labubu figurines plans to open more than 20 new […]
China’s largest gold mining company Zijin Mining is acquiring Canada’s Allied Gold in an all-cash deal valued at about $4 billion. This is the first major cross-border transaction since Canadian Prime Minister Carney’s recent visit to Beijing, which saw a thawing of several years of diplomatic tensions. The announcement came as gold prices reached a […]
China is expected to finish construction on the Pinglu Canal before the end of this year, reports the South China Morning Post. This would mean it has taken just four years to complete the RMB 72.7 billion (US$10.4 billion) project, which aims to boost trade links with the country’s top export destination: Southeast Asia. The mega-project […]