China Inc by BBW: Recent Episodes
Bamboo Works
China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.
In this episode, we dive into the complexities of cross-border deals in today's fraught geopolitical climate. We discuss the European Commission's unprecedented probe into JD.com's $2.5 billion acquisition of Ceconomy to check for unfair state subsidies, and what it signals for Chinese M&A in the West. Then, we pivot to U.S. conglomerate Authentic Brands and the abrupt dropping of its Chinese licensee Tristate Holdings, exploring why Western multinationals struggle with trust and localization in China.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Brad Burgess, who is a reputation management advisor with over two decades of experience protecting and promoting brands and business leaders with a focus on Asia and specialty in China.
Is Elon Musk planning to divest Tesla’s massive China operations? And why did a Chinese education giant’s bargain purchase of a U.S. children’s reading app spark national security concerns? We explore the hidden geopolitical forces driving today’s global business moves. From SpaceX’s sensitive tech to content control in kids' literature, discover why operating in the regulatory "gray area" is no longer a viable strategy for cross-border M&A.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Brad Burgess, who is a reputation management advisor with over two decades of experience protecting and promoting brands and business leaders with a focus on Asia and specialty in China.
In this episode, we dive into a tale of two Chinese tech sectors on vastly different trajectories. First, we unpack Kuaishou’s massive strategic move to spin off its AI video unit, Kling, raising nearly $3 billion and valuing the AI service at a staggering $18 billion. Why are tech giants carving out their AI businesses, and will heavyweights like Alibaba and Tencent follow suit?
Then, we pivot to China’s heavily hyped "low-altitude economy." Following a fatal light aircraft crash into Beijing's tallest skyscraper, we discuss the severe regulatory and commercial headwinds facing the flying taxi industry and eVTOL companies like EHang. Tune in for expert analysis on the capital, the risks, and the reality behind the frontier tech hype.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
How do Chinese parcel companies deliver packages for just $1 and still make money? And why are hog breeders expanding their herds while bleeding cash? This week, Doug and Rene explore the fascinating, highly cyclical nature of China's market by looking at the delivery and pork sectors. They unpack the "Chinese DNA" of business — where capturing market share often trumps rational market economics — and discuss the limits of Beijing's interventions when local governments push back. Whether you're an investor trying to time the market or just curious about China's economic landscape, this episode offers essential insights into how these businesses really operate.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
What do a Chinese smartphone maker in Africa and a traditional fast-food chain in Hong Kong have in common? Both are confronting fierce headwinds from shifting consumer behavior and new competition. This week, we analyze Transsion's renewed Hong Kong IPO bid and its slowing growth in emerging markets. We also evaluate Cafe de Coral's recent turnaround strategy, including downsizing restaurant footprints to counter the trend of Hong Kong residents dining across the border in Shenzhen. Join us for a detailed breakdown of these critical business transitions.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
In this episode, we dive into the shifting dynamics of the Chinese consumer market and its ripple effects on both Wall Street and global retail. First, they unpack the recent NASDAQ debut of Chinese used-car trader DSC, analyzing why the AI-backed platform plummeted 65% in its first three days and what its data security clearance means for future U.S. listings.
Then, shifting gears to discuss rumors that Nike may be ending its online distributing partnerships in China. From fierce domestic competition and EV price wars to evolving fashion trends, they explore the hurdles domestic and Western brands face in a profoundly changed consumer landscape.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
In this episode, we explore the hidden financial ripples of China's top-down economic policies. First, the massive success of China's electric vehicle market — which now accounts for over half of new car sales — and how the resulting drop in gasoline consumption is quietly gutting highway maintenance funds. Will Beijing be forced to start taxing electricity?
Next, we unpack a bizarre new financial trend: using government and corporate data to create a new class of asset-backed securities (ABS). With local governments potentially using this novel asset class to hide their off-balance-sheet debt, Beijing is already slamming on the brakes. Tune in to hear why these unexpected side effects could reshape China's fiscal landscape.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
This week, we dive into the latest battleground in China’s instant commerce wars. Why did Alibaba suddenly drop a staggering $1.5 billion bid for regional online grocer Pupu, blowing a rival offer out of the water? We break down the corporate FOMO driving this aggressive move and the anti-monopoly regulatory hurdles that could still stand in the way. Later, we shift to Hong Kong, where the AI stock bubble is showing serious signs of bursting. With IPO lock-up periods expiring, mainland investors retreating, and U.S. megadeals sucking up global capital, what’s next for China's AI darlings? Tune in for expert insights on the shifting tides of Chinese tech and capital.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
Can you buy your way out of a questionable reputation? Can you build a new identity to dodge geopolitical tariffs? This week, Doug and Rene unpack the fascinating cross-border strategies of two global giants.
- Shein & Everlane: We break down Shein's estimated $100 million purchase of US sustainability darling Everlane. We look at what this means for Everlane’s mission-driven employees and whether it moves the needle for Shein’s perpetually delayed IPO.
- Canadian Solar: We examine the company's ambitious plan to shift high-tech cell production to North America. Will the US market accept them as a non-Chinese alternative, and will Beijing allow its cutting-edge solar automation to leave the country? Tune in for a deep dive into global trade, ESG hurdles, and supply chain realities.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
This week, Doug and Rene tackle two major stories shaping the Chinese business landscape:
• The Fintech Squeeze: Why did regulators wait three years to officially ban Futu and Tiger Brokers from operating in China? We discuss how this move funnels capital back to state-owned brokerages and marks another chapter in Beijing's tightening grip on private financial companies.
• Wendy's China Gamble: Decades after McDonald's and KFC, Wendy's is finally entering mainland China. With local brands dominating and consumer appetites shifting, we examine why the U.S. burger chain is making this move now and why we are a bit skeptical of its 1,000-store goal.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
This week, Doug Young and Brad Burgess explore how Chinese companies are aggressively stepping out of their domestic market and onto the global stage. First, we dive into the booming trend of Chinese biopharma startups "out-licensing" their homegrown, cutting-edge drugs to Western pharmaceutical giants like Pfizer and Gilead. What's driving this rapid pace of innovation, and will geopolitics get in the way of future acquisitions?
Then, we pivot from the lab to the track to look at Chinese sportswear brands like Xtep, Anta, and Li Ning. As these homegrown labels expand into Southeast Asia to challenge giants like Nike and Adidas, we discuss their strategic advantages, the geopolitical hurdles they face, and why a hyper-nationalistic image at home might be their biggest roadblock abroad.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Brad Burgess, who is a reputation management advisor with over two decades of experience protecting and promoting brands and business leaders with a focus on Asia and specialty in China.
In this episode, Doug Young and Brad Burgess unpack two major developments shaping the future of Chinese business in the United States.
First, Trump administration's quiet new policies aimed at cutting off subsidies for China-linked solar panels manufactured in the US. With new guidance capping Chinese ownership at 25%, Doug and Brad analyze why industry giants like Jinko are drastically reducing their US stakes to fly under the political radar, and what this means for the global green energy supply chain.
Then, shifting gears to Wall Street to examine a sudden flurry of formal IPO withdrawals by smaller Chinese companies. Are regulators in both Washington and Beijing working to wipe out low-quality "meme stocks" to protect their market reputations? And with Hong Kong emerging as a strong alternative, what will it take for top-tier Chinese companies to return to the US exchanges?
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Brad Burgess, who is a reputation management advisor with over two decades of experience protecting and promoting brands and business leaders with a focus on Asia and specialty in China.
Is China becoming an island for user-generated content? This week we explore the geopolitics of social media as Rednote attempts to shield its global business from its Chinese roots.
Then, we head to the drive-thru: Texas Chicken wants to open 600 franchise locations in China. But what does it take to survive in a market dominated by KFC and aggressive homegrown franchisers like Luckin Coffee?
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
Doug and Rene unpack a surprising analysis from Caixin revealing where a massive chunk of China’s $1.2 trillion trade surplus is really ending up — the Hong Kong stock market. They discuss how this influx of cash is helping the market absorb large IPOs, and whether Beijing will eventually step in to reverse the trend.
In the second half of the show, they reflect on the recent passing of celebrity emerging-markets investor Mark Mobius at age 89. Looking back at the golden era of China investing, they discuss why a new generation of "China bulls" isn't stepping up to replace the old guard, why heavy-hitters like Stanley Druckenmiller have abandoned the market, and how government-driven uncertainty continues to scare away Western capital.
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
China's new energy vehicle sales plunged 24% in the first quarter. Is this the start of a new trend of sales contraction? And online matchmaker Milian has filed for a Hong Kong IPO. What's the story behind its unusual approach that uses real-life facilitators to act as go-betweens for online daters?
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
China caps private lender interest rates at 24%. What's behind this latest regulatory crackdown? And an up-and-coming toothpaste maker has filed for a Hong Kong IPO. What's behind the rapid rise of its Canban brand, and what does this say about Chinese consumer brands in general?
--
China Inc. by Bamboo Works discusses the latest business and financial news from China and what it all means. This episode is hosted by Doug Young, Bamboo Works editor in chief, and he's joined by Rene Vanguestaine, one of Bamboo Works' founding partners who is also a longtime China watcher and former investment banker.
"This seems like involution taken to a new level, as it's one of the first cases we've seen of a company taking a major step that's almost certain to undermine itself." – Doug Young
Toymaker Bloks is racing to the bottom of the Chinese toy barrel with its blind box Transformer toys costing just 10 yuan each. Can it make a profit on such low-priced toys?
And KFC has rolled out a new line of pizzas in China also priced quite low, as little as 23 yuan. Does it risk cannibalizing business from sister brand Pizza Hut?
China's securities regulator is clamping down on offshore corporate registrations and VIE structures by Chinese companies listing in the U.S. and Hong Kong. What does this mean for the companies and their investors? And U.S. politicians are clamping down on "pump-and-dump" Chinese IPOs on Wall Street by going after their boutique investment banks. Will this solve the problem?
After years of downplaying the importance of its citizens' emotional well-being, China is showing new interest in the so-called "emotional economy," including a "joy economy" segment where people find small pleasures in things like a cup of bubble tea or a Labubu collectible toy. What's driving Beijing's greater emphasis on this part of the economy now, and is this a new long-term focus?
The controlling stakeholder of Luckin Coffee has purchased the smaller, more upscale Blue Bottle Coffee brand for $400 million. Is a big expansion in the cards for Blue Bottle in China? And dental materials maker Huge Dental has filed to list in Hong Kong. Will it be able to attract investors with its flat-lining revenue growth, especially as stock buyers flock to sexier high-tech companies?
China's Mixue has overtaken McDonald's as the world's largest F&B chain with 45,000 shops. Is the franchising model behind its growth sustainable? And the owner of the franchisee for the Papa John's and Dairy Queen chains in China is putting the company on the block. Is there a place in China for this type of mid-tier Western chain?
Dingdong is abandoning its online grocery cart with a deal to sell its China business to Meituan for $717 million. What's driving its decision? And India has killed a Chinese private equity firm's plan to acquire a European laminations company with an Indian operation. Is geopolitics at play?
Key Takeaways:
- Alibaba plans to spin off its T-Head unit for a separate listing amid high market valuations for AI chip makers
- LVMH is handing over its Greater China duty-free operations to a state-owned enterprise as the sector struggles with declining financials
Today we examine two major strategic shifts involving global giants navigating the complex Chinese market. On one hand, we have a push by Alibaba (BABA.US) into the overheated semiconductor sector. Will it be valued as high as China's other AI chip makers? And on the other, a strategic retreat by LVMH (MC.PA) from the Chinese retail travel space. Is this a retreat for LVMH, or is it a strategic reshuffling?
TCL is taking over Sony's home entertainment brand, while Anta has become Puma's largest shareholder. Is this the start of a new wave of Chinese acquisitions of foreign brands? And China Merchants Bank has reported near-zero profit growth for 2025. What does this leading commercial bank's lack of growth say about the Chinese economy?
China's office market is hugely overbuilt, and yet developers keep buildling. What's ahead for this market? And China's dumpling king, Yuen Kee, is gearing up to list in Hong Kong. Will investor bite, especially in the current slowing consumer market?
China has reduced or killed tax rebates for solar product and EV battery makers. What's driving the decision? And BYD takes the global NEV crown from Tesla. What's behind BYD's success?
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO, hoping to charm investors on the big growth potential of China's pet market. Why is the company still struggling to make money despite that potential? And
In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus' China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?
Hong Kong has completed just its third listing using a special purpose acquisition company (SPAC) since the program's launch four years ago. Why has uptake been so anemic? And Hong Kong's popular Mannings health and beauty chain is pulling out of Mainland China after more than two decades in the market. Why is it calling it quits?
Hong Kong's stock regulator has warned IPO underwriters over the declining quality of new listing applications. Is this a red flag for the city's booming IPO market, or just the usual regulatory caution? And the U.S. could fine telecoms equipment maker ZTE $1 billion for bribery in Brazil. Why does Washington think it can force ZTE to pay such a large amount?
A new survey is showing foreign investors in China are most concerned about cutthroat competition from Chinese rivals rather than the traditional concerns over market access. What's behind this changing mindset? And Q&A knowledge-sharing site Zhihu is facing an existential challenge from AI. How can the company compete in the face of such a big threat?
China's central bank is shutting down an IOU system used by BYD to pay its suppliers. Why is it taking this step? And revenue for a stock broker called GoFintech has soared more than 40-fold after it entered the commodities trading business. How should investors look at such a move?
British retailer Harrods is pulling out of China, just five years after launching its luxury lifestyle brand in the market. Why is it leaving, and are other luxury brands going to follow? And university campus operator XJ International has been selling assets as college education loses its luster. Why are less Chinese interested in such secondary education these days?
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
Vocational educator Hiducation has become one of the few education companies to test the waters in Hong Kong's booming IPO market. Are investors ready to welcome this group again after a bloody crackdown three years ago? And budget carrier Spring Air is rolling out the welcome mat for more senior flight attendants as old as 40. Are other Asian airlines like to follow this "air auntie" trend, and what's behind it?
Solar and wind farm builder Xinte has announced plans to start collateralizing its assets using asset backed securities. Is this the start of a new trend for such companies? And China International Travel is spinning off its real estate business that was once a money spinner but has become a dud lately with the sinking property market. How should investors view this kind of move?
Observers noticed a key government document on rare earths was created using homegrown Chinese word processing software. Is this part of China's "delete America" campaign? And China's homegrown C919 regional jet has suffered a setback after Vietnam's Vietjet returned two leased models. What does this mean for the aircraft's future?
Team China has pumped $550 billion into the country's two main stock markets, buying up nearly 5% of the market value of all listed companies. What's the thinking behind this strategy? And pre-made foods are in the spotlight after a popular blogger criticized a major restaurant chain for using such products. Why is this such a sensitive subject in China?
The Nasdaq is preparing to crack down on smaller listings by Chinese companies. What's driving the move, and what are the broader implications? And energy storage has become the latest flavor of the day by new Chinese IPO candidates. What's driving this trend, and is it real or just another bubble?
Cango's public relations and investor relations director Juliet Ye details the company's strategic pivot to transform from a pure-play crypto miner into an integrated energy and high-performance computing (HPC) platform. The multi-phase strategy leverages Cango's existing energy and computing infrastructure as a foundation to build a more diverse business model with revenues from mining, AI client services, and energy trading.
Linklogis has jumped on the crypto bandwagon in a new blockchain alliance with XRP Ledger, owner of the ripple cryptocurrency. What's the significance of this tie-up? And leading dating app operator Hello Group has added an AI function that suggests ice-breakers for young men to say to their dates. Will this help to get young people spending again?
Read at: https://thebambooworks.com/china-tech-virtualizing-debt-ai-for-daters-linklogis-momo
Unitree plans to file for an IPO by year end, capitalizing on the recent popularity of its dancing humanoid robots. But are these products really ready for market? And China has quietly lifted a nearly decade-old ban on K-Pop. What's behind the sudden change of heart?
China's stock market rally is fast approaching its one-year mark, with the benchmark Hang Seng and Shanghai composite indexes both up around 40%. How much longer can it last, especially given the weak state of China's economy? And internet giants Meituan and DiDi have sued each other in Brazil, where they are competing in the takeout dining market. How is this case likely to end up? Read at: https://thebambooworks.com/chinas-state-driven-stocks-and-its-corporate-wars-abroad/
China is floating yet another plan to rescue its oversupplied solar sector, including a mass shuttering of excess capacity. Will the government-led effort work this time? And a former online educator says it wants to become the new online Sam's Club of China. Does East Buy have what it takes to succeed?
China rolls out new rules restricting the export of cutting-edge technology for EV battery manufacturing. How will this affect Chinese battery makers setting up factories abroad? And hydrogen fuel cell maker Refire reports its revenue fell 10% in the first half of the year. What does this say about a Chinese sector that's getting huge government support, but has yet to find a mass audience?
Read at: https://thebambooworks.com/china-plays-defense-on-ev-batteries-offense-on-hydrogen-fuel-cell-catl/
Burger King withdraws from Hong Kong, after facing similar issues on the Chinese Mainland. Why is life so difficult in China for this fast food giant? And Ant Group's purchase of a Hong Kong brokerage is getting extra scrutiny from Chinese regulators. Why is China so wary of this company?
Text version: https://thebambooworks.com/chinas-fast-food-western-brands-ant-group-faces-headwinds-alibaba/
JD.com has purchased brick-and-mortar retail chains in Germany and Hong Kong. Why is the company taking this route instead of sticking to e-commerce? And car trader Autohome has reported a fourth consecutive quarter of revenue contraction, as its ad revenue plunged. When will price wars hobbling China's oversaturated car market finally end? Read more: https://thebambooworks.com/jd-com-flees-chinas-retail-wars-europe-beijing-fails-to-tame-price-cutting/
Apple returns to revenue growth in China, as it also closes its first store in the city of Dalian. What's next for the company in the world's largest smartphone market? And Transsion considers a Hong Kong IPO. Should investors buy into this biggest smartphone maker you've never heard of, banking on its status as Africa's top cellphone brand?
Smartphone glass maker Biel is building up an Indian production base, while appliance giant Haier is selling half of its Indian business. What's driving these two very different moves by Chinese companies in the fast-evolving Indian market? And two dairy companies are reporting stagnating sales. Is China's dairy sector past its high-growth glory days, and what's behind the slowdown?
Two mid-sized Chinese venture capital firms are moving in new directions, one embracing cryptocurrencies and the other diversifying beyond retail. What's driving these moves? And up-and-coming online travel agent Klook is eying a major New York IPO. Why isn't it following a more recent trend to list in Hong Kong, and is there room for yet another travel agent in a crowded field of listed companies like Trip.com and Booking.com?
Private clinic operators for medical treatments like eye and dental care are facing a difficult path as Chinese consumers rein in their spending. What's ahead for this group? And cosmetic surgery services provider So-Young's shares have soared in recent weeks as investors embrace its shifting business model. Why are they suddenly so confident?
Companies raised $13.6 billion through Hong Kong IPOs in the first half of the year, giving the city the global fundraising title for that period. What's behind the sudden boom? And a growing number of Chinese companies are experimenting with cryptocurrencies in Hong Kong, even as such currencies are banned on the Mainland. What's driving such different approaches on the Mainland and in Hong Kong?
An era has ended in Macao with the planned closure of the city's remaining "satellite casinos" by the end of the year. Does this represent the latest step in the corporatization of Macao? And former financier-turned-educator-turned -food seller Qudian has announced it's pulling out of its latest foray into last-mile delivery. What value for investors is there in this kind of ever-changing company?
An early edition toy based on the red-hot Labubu character has fetched a record $150,000 in a recent auction. What's driving the craze, and is it sustainable? And a high-profile tussle between two leading skincare brands has left one of them bruised, with its stock down 30%. How can investors steer clear of this kind of damage?
Huawei has released a PC version of its Harmony operating system, as well as two models using the OS. How likely are other PC and smartphone makers to adopt this made-in-China OS? And WeRide has launched a $100 million share buyback less than a year after its IPO. What prompted the move, and is this the best use of its dwindling cash?
A group of early investors in NEV maker Zeekr have protested a recent privatization bid for the company, saying it's too low. Will the buyer heed their complaints and raise its offer? And Chagee's maiden quarterly results show its revenue grew at just half the rate of its new store openings. What's behind the evaporting returns?
After zooming over the last few years, China's car exports to Russia skidded by 44% in the first quarter. What put on the brakes? And former microchip superstar Zhao Guowei has been sentenced to death for waste and corruption. What led to his downfall?
Starbucks has reportedly sent invitations to several parties interested in buying part of its struggling China operations. What kind of partner is the U.S. coffee giant likely to choose? And vaping companies are scrambling to diversify production away from China over concerns about Donald Trump's tariffs. Where are they going, and will they escape the tariff threat?
Uber has signed new alliances with Chinese robotaxi operators Momenta and Pony AI, and fortified an existing partnership with WeRide. Why the sudden embrace of Chinese robotaxis? And Webull's stock has charged from the gate with massive gains following its SPAC listing. What's driving this company, which is an unusual hybrid of a U.S.-based business with strong China ties?
Tim Hortons is tasting some new success in China with a bagel formula. Will this mark the start of a turnaround for the struggling chain? And a Red Bull killer named Eastroc has filed to list in Hong Kong. What’s the secret to its success, and will it attract investors to its story?
Speculation is growing on a potential delisting of Chinese shares from New York in the growing US-China trade war. Could such a mass delisting really happen? And a purist premium tea maker named Chagee raises $400 million in a Nasdaq IPO. What sets this company apart from its many rivals?
Fintech lenders are entering a new golden era, with Jiayin reporting 46% growth for its core consumer lending business in last year's fourth quarter and forecasting similar gains this year. What's driving this rebound? And hotelier H World is still trying to fix a German acquisition from 2019 that wiped out its profit in the fourth quarter of last year. Will the Chinese hotelier be able to turn around this money-losing offshore asset?
TikTok's plan to sell its US operation runs into resistance from Beijing after Trump's new tariffs. Does this spell the end for this deal? And Xiaomi enters crisis mode after a fiery crash of one of its EVs leaves three students dead. Will this put the brakes on Xiaomi's stock?
A young company called Scage is close to listing in New York through a backdoor SPAC merger. Is it really worth the high valuation it's seeking? And 52Toys has hired an investment bank for a Hong Kong IPO. Will it be able to sell investors on its toy story of rapid expansion and hot collectibles?
Online brokers Futu and UP Fintech have recorded banner results, with revenue up by 75% or more for both in the fourth quarter. What's driving the growth, and is it sustainable? And the international arm of China's tobacco monopoly reported 10% revenue growth last year, even as the number of Chinese smokers fell. What's driving the increase?
China may be preparing new policy support for its embattled solar companies, possibly in the form of ramped up building of new solar farms. Will such support be enough to raise the sector out of the doldrums? And China's securities regulator has reportedly launched a campaign to stop many smaller firms from seeking overseas listings in New York. What's driving this sudden clampdown?
The huge success of "Ne Zha 2," partly due to national pride, has lit a fire under the stock of the movie's producer, Enlight Media. How important is the nationalism factor when choosing Chinese stocks? And Hong Kong's CK Hutchinson has sold its two port operations in the Panama Canal after coming under pressure from Donald Trump. Are we likely to see more such forced asset sales over national security concerns going forward?
China's takeout dining duopoly of Ele.me and Meituan will start offering social benefits for their thousands of drivers. What's driving this change of heart and what will it mean for the market? And JD.com has announced its entering the fray, aiming to take on this established duopoly. What are its chances of success, and what does this mean for the industry?
A hit animated film about a devil child called "Ne Zha" is breathing new life into China's moribund box office. Is this the start of better days for movie theaters? And Burger King's owner buys out its China franchising partner. What's driving this move, and what does it mean for Burger King in China?
China is reportedly preparing to attack Apple on anti-trust grounds related to its app store operation. What's driving this probe? And steel trader ZG Group nears a Hong Kong listing through a SPAC merger, only the second since the city launched its SPAC program three years ago. Why has progress been so slow?
Some partners at U.S. consulting giant McKinsey are questioning the wisdom of staying in China. What's driving their doubt, and what would a withdrawal signify? And Shenzhen rescues struggling developer Vanke. What is the city demanding in return for its assistance?
A family of biotech contracting companies in Wuxi has begun selling offshore assets under pressure from Western governments worried about national security. Will other Chinese drugmakers with overseas assets be forced to follow suit? And a family feud in Shanghai has left a $1 billion luxury villa complex in limbo. How much risk does this kind of feuding pose for investors in the many publicly traded Chinese companies dominated by a single family?
The new U.S. Trump Administration will need to decide whether to continue earlier policies on restricting trade and IPOs by Chinese companies. Will it break with the previous Biden administration on issues like the TikTok ban, or will it get even tougher?
Alibaba has announced a plan to sell its majority stake in Sun Art, operator of the popular RT-Mart supermarket chain. Is this the end for Alibaba's new retail vision combining e-commerce with brick-and-mortar stores? And a mining startup called Jiaxin has unveiled a plan to list shares in both Hong Kong and Kazakhstan, where it's developing a tungsten mine. What sets this venture apart from China's other big listed mining companies?
Chinese companies are increasingly choosing Hong Kong over New York for their offshore listings. What's driving this tide? And some of those same companies that have listed in Europe are finding a lack of interest from investors in Germany, Switzerland and London. Why the cold reception?
China’s bubble tea IPO ban ends with the resumption of Guming’s Hong Kong listing. What’s changed in the market? And a nuts and bolts maker called ZJK soared on hopes for a deeper Nvidia partnership. Are the company’s big stock gains justified?
GM takes a $5 billion charge related to its struggling China business. Where did the auto giant go wrong in the world’s largest car market? And China probes Nvidia for antitrust behavior in a 4-year-old chip acquisition. Is the move politically motivated?
Robotaxi operator Pony.ai has raised more than $400 million in its U.S. IPO. What political risks could it face in the future? And jewelry store operator Mokginran has raised a smaller $67 million with its Hong Kong listing. But will it take a blow from China's cooling appetite for gold?
The value of McDonald's China operation has plunged by more than half in the last year. What's causing the indigestion? And 91 companies get their drugs added to China's national health plan. But are the steep discounts needed to make the cut really worth it?
A company called Huoli has applied to become China's online travel agent to list in quite some time. Will investors buy into its story, especially as the travel market starts to slow? And auto trader Cango is trying to export used Chinese cars in its pivot from the slowing domestic car market. Will foreign buyers be interested in owning such cars?
Donald Trump wasn't too friendly to Chinese companies his first time as president, trying to ban TikTok and delist many firms from Wall Street. Can we expect more of the same in Trump 2.0? And a property developer called CIFI has advanced a plan to reorganize its offshore debt at lightning speed. Could this mark the start of new era for Chinese developers in resolving their huge foreign debt?
CICC has been fined for its lax due diligence with IPO candidate S2C. Does this signify the start of a new regulatory crackdown? And Huawei beta tests the latest rendition of its Harmony smartphone operating system. Does it have a realistic chance of competing with Apple's iOS and Android?
Horizon Robotics and WeRide have raised more than $1 billion combined in their IPOs in Hong Kong and New York. Does this mark the start of a new listing wave? And Alibaba looks to sell Sun Art, owner of the RT-Mart hypermarket chain. Does this mean Alibaba's "new retail" vision is dead?
China's car sales returned to growth in September, finally reversing six months of declines. Is this the start of a turnaround for the sputtering industry? And Delta will resume its L.A.-to-Shanghai flights after more than a three years suspension. Why are the US-to-China routes taking so long to come back?
China and the EU are trying to reach a deal to avoid EU tariffs on Chinese EVs. But is there too much distance between the two sides? And Indonesia asks Apple and Google to evict China's popular Temu e-commerce app from their local app stores. Will the two app store giants comply?
China's securities regulator puts the brakes on new bubble tea IPOs in Hong Kong. Is this China's latest step to assert its authority over the former British colony? And former drug making highflyer Ascletis has become revenue-less after its earlier drugs fizzled. Now the company is hoping to revive its fortunes with a new weight-loss drug from the same class as Ozempic.
Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?
PwC has received a record fine in China for lapses in its audits of failed developer Evergrande. Is this the end of the road for PwC in China? And EV battery system maker Octillion finds new life in India after its biggest China customer hits the skids. Is this the road to the future for Chinese EV component makers?
The US closes a loophole that allowed Temu and Shein to import goods duty-free. How will this impact their sales? And sales of Chinese EVs passed gas-powered cars for a second straight month in August. Has the EV era finally arrived?
Commercial planemaker Comac has delivered its first C919 jets to China Southern and Air China. When will foreign airlines start to consider buying these challengers to Boeing and Airbus? And sanitary products maker Hengan sees a big future in adult disposable diapers as China's population ages. But will consumers really consider such a product?
A growing number of Chinese solar panel makers are falling into the red due to huge overcapacity and resulting price wars. What's needed to bring the industry back to health? And the Xinhua news agency warns against the addictive nature of 'blind box' collectible toys. Does this signal a new government crackdown ahead?
Bondholders of struggling developer Sino-Ocean have flatly rejected its debt restructuring proposal. Does that spell the end for the company? And Alibaba's shares could become available to Mainland investors as soon as the end of this month. What kind of upside could that bring to the sagging stock?
Index compiler MSCI has removed nearly 200 China stocks from its indexes this year. Why the sudden change of heart on China? And YXT.com stock drops 9% in its Nasdaq trading debut after pricing weakly. Why are investors worried about this adult education company?
A popular livestreaming host parts ways with e-commerce company East Buy. How will the company move past the crisis? And solar farm operator Xinyi Energy sings the profit blues. Why is China's solar energy market suddenly looking far less bright?
Luckin's same-store sales and margins plunged in the second quarter. Will it fall into the red under the challenge from upstart rival Cotti Coffee? And China imposes export restrictions on drone components with defense applications. Will that have any impact on the West?
China trials a plan to prop up its property market with affordable housing plan. But will it solve the oversupply problem? And lithium miners are singing the blues as prices plunge from recent highs. What's behind the bubble for this important new energy metal?
EU nations are divided on whether to levy long-term tariffs on Chinese EVs. What's behind the divisions? And Shanghai looks to attract more global performers like Taylor Swift. What's behind the change of heart?
A year and a half after ending its Covid restrictions, flights between China and Europe are still well below pre-pandemic levels. What's holding things back? And a steady flow of autonomous driving companies are suddenly accelerating towards IPOs in the US and Hong Kong. What's fueling the drive, and will investors buy into it?
After getting rejected in the U.S. and hitting headwinds in London, fast fashion sensation Shein may be taking its mega-IPO to Hong Kong. But will investors buy into its profitable but controversial story? And hotpot chain Haidilao steps up its global expansion with spinoffs and separate listings for its Super Hi brand. Will this become China's first overseas restaurant success story?
China is on track to reach its 2030 goal for solar and wind power installations by the end of this year, and could double the figure by 2030. What's driving this massive new energy buildup? And DiDi is back on a growth track with revenue zooming ahead 15% in the first quarter. Will the company seize the momentum to relaunch its stalled IPO plan?
The EU slaps Chinese EVs with tariffs of up to 38%. How will China respond? And Lenovo enters a major new partnership with Saudi Arabia's sovereign wealth fund. What's driving this alliance?
A growing number of foreign law firms are leaving Shanghai. Is the exodus due to slowing business, or are political forces at work? And Hello Group, often called the Tinder of China, reports a third year of revenue contractions. Why aren't young Chinese in the mood for love?
China has set up a $50 billion fund to support its microchip sector. Will the big bucks be enough to overcome U.S. sanctions? And a growing number of Chinese companies dump PwC as their auditor. Is the flight related to PwC's role as auditor for insolvent developer Evergrande?
KFC and others are fined after some of their outlets refuse to take cash. Is cash becoming an endangered species in China? And a group led by former L.A. Dodgers owner Frank McCourt assembles a bid for TikTok's U.S. operations. Will TikTok change its mind and decide to sell?
The U.S. raises tariffs on Chinese EVs to 100% from 25%. Will China retaliate? And China announces plans to buy up homes to boost its sagging property market. But will local governments go along with the pricey plan?
The EU has launched a new probe after European firms complained of restricted access to China's huge medical equipment procurement market. Is the EU getting more aggressive on China's trade practices? And used car specialist Autostreets applies for a Hong Kong listing, touting a coming boom in Chinese used car sales. Why have Chinese traditionally preferred new cars, and what's changed now, if anything?
Much has been said about China's suffering property developers, but construction material makers are also in trouble. Will the government come to their rescue? And offshore China stocks enter bull territory with a 25% rally for the Hang Seng Index. What's driving this sudden surge, and will it last?
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?
Fitch has lowered its outlook on China's sovereign rating to "negative," citing economic uncertainty. What does this mean for investors, and what's the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?
China accuses US of unfair EV subsidies at the WTO. Will the US fight back with a counter claim against Chinese EVs? And Alibaba cancels an IPO for its Cainiao logistics unit. Is its bigger plan to break up the company falling apart?
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
Nissan and Honda weigh major cuts of up to 30% in their China car production. What's driving the trend, and is it likely to speed consolidation in the over supplied industry? And shares of drugmaker CStone fell 40% after it was booted from the Hang Seng Index and China stock connect program due to drops in its stock price. Was the selloff the result of technical issues, loss of investor confidence, or both?
After two years of suffering, Chinese stocks are showing some new signs of life. But is this fledgling bull market for real? And China's leading bottled water brand, Nongfu, has come under attack from nationalists for its red bottle caps said to look like the Japanese flag. How big a risk are such attacks, and is the problem worsening?
President Joe Biden has launched an investigation into whether Chinese new energy vehicles could pose a national security threat. Does that mean the end of the road is near for Chinese NEVs in the world's largest economy? And beverage tycoon Zong Qinghou is dead at the age of 79. Why was he so controversial, and why does China no longer churn out this of colorful, outspoken entrepreneur?
Foreigners are putting a pause on their China investments, as a new AmCham survey shows a record 40% of respondents won't make any new investment in the next three years. Has the bloom finally come off the China investment rose? And Bamboo Works' 2023 annual review shows that new energy and e-commerce were the hottest topics for China stock buyers last year, while coffee was the keyword of the year. Are these areas investors should consider when putting their money into China stocks?
China's debt-to-GDP ratio swelled to 288% last year, up 13.5 basis points and a huge level by any standard. Is this kind of debt level sustainable, or will something have to give? And a company called Arrivent has just listed in New York, banking on its licensing deal for a made-in-China cancer drug to make its own big money by selling the drug in the U.S. What's the China risk behind this kind of company?
A Hong Kong judge has ordered embattled developer Evergrande to liquidate after it failed to reach a debt restructuring deal with its foreign creditors. But will Beijing play ball? And China's private airlines flew into the black last year with big profits on a wave of "revenge travel," but big state carriers continued to post massive losses. What's behind this "Tale of Two Airline Types"?
After years of hesitation, China is finally embracing genetically GMO crops with its approval of some genetically modified types of soybeans and corn. What's leading Beijing to change its mind? And sportswear sensation Anta has applied to spin off and list its foreign Amer unit in New York, just five years after purchasing the company. Will investors want a bite of this company whose brands include Wilson and Salomon and Acrteryx?
Chinese premier Li Qiang told the World Economic Forum that China's economy grew 5.2% in 2023. But will it be able to maintain that growth this year? And China's internet regulator is probing fast fashion sensation Shein for its data handling practices. Will that derail the company's plans for a mega-IPO in New York?
AstraZeneca has offered to buy money-losing Gracell Biotech for up to $1.2 billion, in a first-of-its kind M&A for a Chinese drug startup. Will China approve the deal? And e-commerce company East Buy's CEO gets sacked under pressure from its top online salesman. How much power do such influencers wield at Chinese internet companies?
China's big national banks are growing wary of their smaller regional counterparts. Will this put further pressure on the smaller lenders, many of which are already struggling? And two leading bubble tea makers file for Hong Kong IPOs. Will investors scoop up their shares, or shun them over concerns about China's slowing economy?
China is raising the bar for its vast field of venture capital and private equity companies, a move that looks aimed at avoiding a repeat of the P2P crisis a few years back. What's the implication for Chinese startups? And former autonomous trucking highflier TuSimple is retreating from the U.S. to focus on its China business. What's driving this abrupt turnaround for a company that was once so promising?
Chinese leaders said they'll prioritize progress and stability in 2024 at their annual Central Economic Work Conference. Does that mean they'll put greater emphasis on the economy? And France and Turkey take new steps that could limit Chinese EV imports. What's behind this growing bias against Chinese electric cars that are flooding the global market?
EV maker Zeekr, owned by car giant Geely, has filed for a New York IPO to raise as much as $1 billion. But with only two years of history, will investors embrace the company? And bubble tea giant Mixue Bingcheng eyes its own listing in Hong Kong. But will investors worry that China's premium tea market is overheated and about to burst?
After falling to multiyear lows, China's yuan has come roaring back in recent weeks. But what has changed, and are the gains for real? And China approves the $69 billion merger of VMWare with global chip giant Broadcom after more than a year. Does this signal a friendlier new approach by China to global chip M&A?
After several years of unbridled enthusiasm, investors have sharply pulled back their support for Chinese healthcare startups. Why the sudden cold feet toward this group? And a decade after acquiring U.S. pork giant Smithfield, China's WH Group is eyeing a New York listing for the company. Could this be prelude to a sale of this pork barrel investment?
A summit between Xi Jinping and Joe Biden is looking increasingly likely after China’s foreign minister traveled to Washington last week. But will such a meeting accomplish anything? And Stellantis, owner of the Chrysler and Peugeot brands, will pay $1 billion for 20% of Chinese EV maker Leapmotor. What’s driving this odd partnership between a global giant and a struggling startup?
Ford has put the brakes on a battery plant being built for it in the U.S. by China’s CATL. Is this the end of the road for Chinese EV investments in the U.S.? And pet community operator Boqii is leaving the NYSE after a “ruff” three years. Are more Chinese companies likely to follow Boqii’s lead?
China has barred a top executive from U.S. risk control firm Kroll from leaving the country. Will this send more chills through foreign companies in China? And after implementing a strict new law on cross-border data transfers, China rolls out a new draft rule rolling back some of the toughest requirements. Will that be enough to ease concerns of jittery foreign companies?
Ride sharing company Dida has filed a fourth time for a Hong Kong IPO. Will this Chinese Uber knock-off finally win over skeptical investors? And after trying its hand as a flavoring for milk and then coffee, traditional spirits maker Moutai is in yet another new tie-up with U.S. chocolate maker Dove. But will the young people who enjoy coffee and chocolate really want a shot of hard liquor in their favorite treats?
The European Union has launched an anti dumping probe into Chinese EVs, saying they may benefit from unfair government support. Will this kill a recent boom in China’s EV exports? And foreign stock buyers and businesses are heading for the China exit door in droves. What will that mean for Chinese stocks and foreign direct investment?
Baidu has officially made its ERNIE chatbot available to the public, a half year after it first unveiled its answer to the ChatGPT sensation. But will ERNIE and other Chinese chatbots be ignored by local consumers due to China’s strict content controls? And e-commerce software tools maker Baozun announces a tie-up to bring a major American sportswear brand to China and Southeast Asia. But will this company with little or no experience in brand management be able to convince consumers to buy its products?
China sharply stepped up its economic stimulus efforts last week, rolling out new initiatives to boost the stock market and support small businesses and the property market. But will the efforts be enough to jumpstart the slowing economy? And U.S. Commerce Secretary Gina Raimondo paid visits on Beijing and Shanghai, where she raised eyebrows by saying China is quickly becoming “uninvestable.” Will Beijing take Raimondo’s words to heart and become friendlier to foreign businesses?
China has vetoed the purchase of Israel’s Tower Semiconductor by U.S. chip giant Intel by failing to give its approval for the deal. Is this retaliation for recent U.S. moves to stifle China’s chip development, and what are the implications for future global M&A? And bubble tea maker HeyTea has opened its first store in London, joining a growing number of peers looking for growth in the West. But is the bubble tea trend getting ready to burst in these places? And as many of these companies explore potential IPOs, will international investors still be interested in them in the current economic environment?
China’s central bank has been on a roll lately, first lowering several key interest rates, and then announcing its policy will be “precise and forceful.” Are these kinds of strong words and actions from the usually conservative central bank cause for concern? And the National Bureau of Statistics announces it will stop publishing youth unemployment data. Why would it do that? Might it be related to its most recent data showing youth unemployment at record highs over 20%?
The unlikely comeback for scandal-tainted coffee chain Luckin marches on, as the company passed rival Starbucks in revenues for their China business. But is Luckin expanding too quickly? And low-cost retailer Miniso announces a dividend policy, saying it will return 50% or more of its profits to shareholders. Will more new economy Chinese companies follow suit as investors lose interest such stocks simply for the “China growth story”?
China has called on the public to report any suspicious activity to assist in its latest campaign to root out espionage. That has foreign businesses worried, since some of the market data they routinely collect to make decisions might be considered national secrets under China’s new data security law. How will all this affect foreign business in China? And offshore-listed China stocks have fallen into a see-saw pattern lately, rallying one week, only to fall the next. What’s driving the trend, and how long will it last?
E-commerce upstart Temu has sued fast-fashion sensation Shein in the U.S., accusing it of anti-competitive behavior. Will a U.S. judge agree? And big private equity has been notably absent from investing in China’s vibrant AI sector these days. Why are these big-name investors avoiding the space, and what impact might that have on the sector’s development?
China’s GDP grew 6.3% in the second quarter year-on-year. While that may look good on the surface, it was actually below analyst estimates and reflected weak year-ago numbers during the two-month Shanghai lockdown. Is more economic stimulus needed? And can Beijing use its old tools to fix these new problems? And U.S. climate envoy John Kerry comes calling on China for climate talks. But former Secretary of State Henry Kissinger steals the show with his own China visit, winning an audience with President Xi Jinping. What is it that the Chinese love so much about Kissinger?
China’s central bank has slapped major fines on Ant Group and Tencent, including a nearly $1 billion fine on Ant, operator of Alipay. Is this the start of a new round of big fines on China’s big tech? Or does it mark the end of a recent storm of regulation that began after outspoken Alibaba founder Jack Ma criticized the government?
Treasury Secretary Janet Yellen has become the latest high-ranking U.S. government official to travel to Beijing, following Secretary of State Antony Blinken’s visit in June. But will it be enough to put U.S.-China relations back on track? And Beijing slaps export restrictions on gallium and germanium, two important minerals used in many high-tech devices. What will this mean for the global tech sector?
China Development Bank has become the target of the latest anti-corruption crackdown by China’s main graft buster. Will this affect China’s policy of lending big money to developing countries, and if so, what’s driving such a shift?
And AbbVie has filed a suit in the U.S. against BeiGene, one of China’s most up-and-coming young drug makers. What’s likely to happen next in this tug of war between the two companies’ similar blood cancer drugs? Exactly how expensive and destructive are such lawsuits to the companies involved?
The latest annual survey by the EU Chamber of Commerce in China shows revenue fell for more European businesses’ China operations last year. Is this a watershed moment for China’s economy, showing the days of western enthusiasm for investing in the country will never return to pre-covid levels? And AstraZeneca has become the latest major company to weigh a potential spinoff of its China unit. Is this the beginning of a trend?
A two-year-old corruption clampdown in China’s sprawling tobacco monopoly and regulator has netted nearly 20 senior officials and executives.
Why doesn't any other company or sector contribute revenue as abundantly and consistently to central government coffers as China Tobacco? Will China ever get serious about stamping out smoking more aggressively?
And real time engagement tech maker Agora announces plans to split in two, one half for its China business and the other for the rest of the world. Is this the wave of the future for China tech?
China’s labor market is churning out too many white collar wannabe college grads, but not enough people to fill its blue-collar labor positions.
How can China keep more blue-collar workers and their employers in China? Or does China still need so many blue-collar workers?
And Elon Musk get audiences with China’s foreign, commerce and industry ministers, as well as a vice premier, on a whirlwind trip to Beijing and Shanghai. What is it about this billionaire entrepreneur that wins him so many China fans?
Why do Chinese people and even the government seem to love Elon Musk more than Tim Cook?
China officially passes Japan as the world’s biggest car exporter in the first quarter of this year. Will Chinese EVs follow down the same road as its solar panels to dominate the global market? And Geely pays 234 million pounds to boost its stake in the renowned but struggling British sportscar maker Aston Martin. Does this mean we'll see James Bond driving a Geely Aston Martin in the next 007 movie?
China has resumed imports of Australian timber as relations between the two countries continue to thaw after a period of deep freeze. And Alibaba announces plans to spin off its cloud unit and make IPOs for its Freshippo supermarket and Cainiao logistics businesses.
Alibaba is considering a separate listing for its offshore e-commerce business, consisting of Lazada and AliExpress. And Nio is suing a blogger, accusing him of posting a deliberately misleading video implying the company discriminates against Chinese consumers.
U.S. Secretary of State Antony Blinken wants to reschedule his postponed trip to China for later this year, while JPMorgan chief Jamie Dimon will head to China later this month. And May Day tourism traffic passes pre-pandemic levels, but property sales remain depressed.
China will officially lose its title as the world’s most populous nation to India in the middle of this year, according to a UN projection. And Hangzhou is calling on employers to provide social insurance for the thousands of deliverymen who bring city residents everything from takeout dining to e-commerce parcels.
China’s GDP grew 4.5% in the first quarter, rebounding from 2.9% growth the previous quarter. And Hong Kong rolls out the welcome mat for tech startups with the launch of new rules allowing money-losing high-growth companies to list on the stock exchange’s main board.
China discloses the settlement of a major natural gas deal with France using its local currency, the yuan. And shenanigans involving lost pledged shares and a new class of stock to protect a founder’s stake in his company.
Alibaba announces a plan to split into six parts, and JD.com says it’ll spin off its commercial and real estate arms. And Saudi Arabian announces two new multibillion-dollar oil refining investments in China.
Price wars break out as car makers in China, from Volkswagen to BYD, scramble to clear inventory. And foreign names like Samsonite and L’Occitane join the China-Hong Kong stock connect program, but no one is buying.
Li Qiang vows his “unequivocal and steadfast” support for China’s private sector in some of his first remarks as premier, and China resumes issuing visas for foreign business travelers and tourists.
China builds a low Earth orbit satellite constellation to rival Elon Musk’s Star Link. And Evergrande faces a potential “Lehman moment” as it fails to negotiate new terms for its massive debt with key creditors ahead of a key court date.
China says it will target relatively modest GDP growth of “about 5%” this year, as it focuses on “quality growth” over “growth at any cost” in the post-pandemic era.
China’s luxury market shrank by 10% last year, marking its first contraction in at least five years. And less than three years after opening its first China store, fast food chain Popeyes is dumping its original partner in the market and signing on with the local operator of the fast-growing Tim Hortons donut chain.
China’s purchasing manager’s index fell 0.8% in January, but the consumer price index rose 2.1%. And JD.com is officially withdrawing from Southeast Asia by announcing it will close its shops in Indonesia and Thailand.
Chinese tourists return to the world en masse with the resumption of group tours from China on February 6. And eight U.S.- and Hong Kong-listed Chinese companies collectively raised more than $2 billion through new share and bond issues in January.
A record $12.7 billion flowed into emerging debt and equity funds over a three-day period in mid-January, as investors rediscovered China after a nearly two-year lull. And an activist investor is lobbying Alibaba to buy back more of its stock. But will Alibaba listen?
Millions of Chinese are taking to the road to go home for the Lunar New Year holiday, resuming the world’s largest annual human migration after a three year pandemic-induced pause. And Australian coal imports are also making a return to China after a similar hiatus, as the two countries look to reboot relations after a frosty period.
Hong Kong jumped on the global bandwagon for IPOs using special purpose acquisition companies, or SPACs, at the start of 2022. But a year later, the program has gotten off to a slow start. And Alipay operator Ant Group is declaring its independence from founder Jack Ma, leading some to say the fintech giant may be returning to favor with Beijing regulators.
China’s recent ending of its long-held “zero Covid” policy is unleashing big demand for travel, both domestic and international. And a proposed new U.S. law could mean big changes on the horizon for short video sensation TikTok, which continues to generate controversy due to its Chinese ownership.
China has officially ended its long-held “zero Covid” policy, but that’s just the beginning of its road back to normalcy. Experts predict a recovery could take months, while economists are upgrading their economic forecasts for next year. And U.S.-listed Chinese stocks get some holiday cheer from a positive report on an initial round of audits by the U.S. securities regulator under a new cooperation deal with its Chinese counterpart.
iPhone producer Foxconn is offering big bonuses for workers to return to its massive factory complex in central China, after many fled over fears of getting Covid. And two vocational educators have reported strong revenue growth in their latest academic years, buoyed by growing numbers of students choosing to continue their studies amid a dismal labor market.
Numerous signs are emerging that after nearly three years of draconian measures to keep Covid out of China, the country is finally moving to a more western-style approach of learning to live with the virus. Sensing that, investors have started scooping up beaten-down Chinese stocks, sparking one of the biggest rallies for the group in more than a year.
Chinese miner Zijin has been downgraded by Fitch after embarking on global buying spree this year, as Chinese resource companies hunting the globe for pricey strategic assets. And Fosun Pharma has sold down its stake in German mRNA vaccine maker BioNTech, banking big profits from a tie-up launched with fanfare at the start of the pandemic.
The city of Xuchang in central China's Henan province stops paying its bills for testing millions of residents for Covid, reflecting the huge strain such expenses are putting on local finances. And Britain vetoes the sale of a Welsh chip plant to a Chinese buyer on national security grounds, even though the deal closed a year ago.
Bamboo Works Editor in Chief Doug Young talks with founding partner Rene Vanguistaine about the latest debt crisis at financial conglomerate Fosun, and an online nationalist attack against leading homegrown sportswear brand Li Ning.
Bamboo Works Editor in Chief Doug Young talks with founding partner Rene Vanguistaine about China's latest GDP growth and China's booming car exports.
Bamboo Works Editor in Chief Doug Young talks with China stock veteran Tienyu Sieh about what's covered in the historic US-China information-sharing agreement for US-listed companies announced last month, and what obstacles might lie ahead.