China’s population is anticipated to peak in 2021 and continuously fall over the coming years in a major demographic turning point, according demographics expert James Liang, reports the South China Morning Post. Liang told the Post on Thursday that the number of births across the country fell 20% to about 10 million in 2021, citing […]
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Chinese social media website Weibo and its shareholder Sina Corp, sold shares in its second Hong Kong listing at HK$272.80 each ($35.01), raising about $385 million, reports Bloomberg. The price represents a 2.8% discount on Wednesday’s $36 close in New York. The Chinese company sold 5.5 million new shares in the Hong Kong offering, while […]
Chinese businesses that intend to float on US stock exchanges are now required to disclose any government entity control or ownership, and make available evidence of their audits, reports Reuters. The mandate was announced by the US Securities and Exchange Commission on Thursday. The rule advances a process that could lead to more than 200 […]
Embattled Chinese telecoms giant Huawei intends to develop a luxury electric SUV in conjunction with car manufacturing partner Seres, reports the South China Morning Post. The SUV will be the initial model under the premium smart electric vehicle (EV) brand AITO, which was launched by Seres on Thursday. It will come fitted with Huawei’s Harmony […]
Canada Goose, a Canadian winterwear manufacturer, has become embroiled in a new controversy in China amid a clash over its return policies, with a consumer watchdog requiring meetings and other organizations accusing the coat-maker of “bullying” consumers, reports Reuters. The latest push-back against the premium down jacket maker comes only three months after the brand […]