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Huawei is to rollout its mobile OS as early as this fall

Business

TMT

China considers building longest underwater tunnel in the world

Economy

Govt

Transportation

Anxin Trust delays trust payout of RMB 2.8 billion to over 1,000 investors

Markets

Trust

Shanghai to offer tax incentives and funding to build semiconductor industry

Govt

Business

P2P lenders may get boost from development of Greater Bay Area

Business

Finance

Lenovo does not intend to develop its own OS nor chips

CEO of Lenovo Group, the world’s largest PC maker Yang Yuanqing has said that the company is not intending to develop its own operating system and chips even despite growing concerns that other Chinese companies may find themselves in Huawei’s shoes – having their access to US technologies cut off.

Business CKN

2019/05/24 07:09:39

424

Cross-border Chinese logistics firms are profiting from manufacturing exodus in China

Cross-border Chinese logistics firms are unexpectedly reaping benefits from the trade war as Chinese manufacturers shift their operations out of the country in order to avoid tariffs.

Business · Manufacturing CKN

2019/05/24 07:02:52

546

Travel site Mafengwo raises USD 250 million in latest Tencent-led round

Travel site Mafengwo has raised USD 250 million in its latest funding round led by Chinese tech giants Tencent Holdings.

Business CKN

2019/05/24 04:39:34

474

Finding opportunities in China’s ABS market

Asset securitization market in China continued to enjoy growth last year. When China started their crackdown on shadow banking, many companies struggled to raise capital through conventional finance. This led to many companies adopting ABS as preferred source of finance

CKN

Economy · Macro · Markets

2019/05/07 14:15:37

4,329

Microsoft pulls Huawei products off its Azure Stack cloud server catalogue

Microsoft has removed Huawei products from its Azure Stack cloud server catalogue, a week after the Chinese company was blacklisted by the US government on national security grounds, although Microsoft has yet to comment on whether it will revoke Huawei’s license to use its Windows operating system.

Business · TMT CKN

2019/05/24 04:32:09

693

China’s larger cities expected to outperform in home price growth this year

Growth in home prices among China’s larger cities is expected to outperform the national average this year, according to the Chinese Academy of Social Sciences.

Real Estate · Markets CKN

2019/05/24 04:24:47

347

Meituan narrows losses in first quarter this year, beating expectations

Food delivery services company Meituan-Dianping will continue expanding into China’s grocery retail sector despite having closed a number of its Ella supermarkets earlier this year.

Business CKN

2019/05/24 04:21:13

550

Apple may suffer a 29% drop in earnings if China retaliates against the U.S.

One-third of Apple earnings at stake if the Chinese government were to step in and retaliate against the U.S. for restricting Huawei Technologies, Goldman Sach has warned.

Business · TMT CKN

2019/05/23 08:57:23

746

Pakistan-Afghanistan-China trilateral trade to boost economy, promote peace and stability

The recent conflicts in Afghanistan, and its stagnant economy has undermined the potential role it can play in the regional development. However, through economic cooperation and boosting regional trade, the neighbours of Afghanistan could inject vitality and stabilize its economy.

Taimur Khan

Policy

2019/01/10 09:20:18

8,988

China’s EV charging infrastructure continue to lag EV development

Despite China’s lead in the electric vehicle (EV) market, the country’s supporting infrastructure for such vehicles has still lagged behind, with high costs, low usage rates and a lack of national safety standards all posing as stumbling blocks.

Business CKN

2019/05/23 04:33:35

1,173

Healthcare unlikely to be hit hard by increased tariffs

China’s latest retaliatory tariffs on US imports will have little impacts on the cost of medical treatment as medical products affected by the tariff hike mostly have domestic alternatives.

Business CKN

2019/05/23 04:29:04

768

Trade war to slow growth among Chinese ports

The current trade war environment is expected to stall China’s container shipping business over the next 12 to 18 months, according to a report from global rating agency Moody’s.

Business · Transportation CKN

2019/05/23 04:26:20

1,078

China may impose restrictions on rare earth elements as retaliatory measure against the US

China may turn towards imposing restrictions on rare earth elements as the country looks for ways to retaliate against the US in a rapidly escalating trade war.

Govt · Primary Industry · Commodity CKN

2019/05/23 04:22:38

804

Chinese surveillance companies may be next “black-listers”

Chinese surveillance companies such as Hikvision and Dahua Technology are now finding themselves in the sights of the US government which is said to be considering placing these companies on a blacklist that would prevent them from purchasing crucial US technologies.

Business · TMT CKN

2019/05/23 04:16:18

1,053

Tencent expects slower growth in Chinese video ad sales

Tencent is shifting its focus to industrial services as streaming market matures. The company said that China’s video market is near its peak, therefore, video advertising sales are expected to slow sharply there in 2019.

Business · TMT CKN

2019/05/22 08:45:37

1,784

U.S. issued 90-day temporary license to contain their impact after banning Huawei

The U.S. Commerce Department is lowering their restrictions imposed last week to Huawei Technologies. This provided a buffer for the ripple effect across telecommunications and network-related businesses.

Business · TMT CKN

2019/05/21 06:29:55

1,916

170 footwear companies, including Nike and Adidas, call China tariffs ‘catastrophic’

The footwear industrials are bearing the brunt of the US tariffs on China’s export. 170 footwear makers and retailers, including Nike, Adidas, Clarks, Crocs, Reebok, and Skechers, band together

Business · Retail CKN

2019/05/21 06:24:27

1,966

Chinese regulators look to support the yuan as pressures on the currency mounts

According to the State Administration of Foreign Exchange (SAFE), China has the fundamentals, confidence and ability to keep the country’s foreign exchange market stable as the escalating trade war renews pressure on the yuan, threatening to once again fall past 7.00 against the dollar.

Markets CKN

2019/05/21 04:13:07

1,666

News Flash

TChina's pig shares plummeted after the news that progress has been made in the development of classical swine fever (CSF) vaccine.

2019/05/24 09:28:30

Tencent-backed online brokerage Futu Holdings Ltd released its first quarterly results since going public on 8 March. In Q1, the company generated a revenue of over HKD 236 mln, up 37.1% YoY; its non-GAAP net profit was HKD 49.3 mln, up 2.5% YoY.

2019/05/24 08:37:45

Chinese multinational technology company Lenovo plans to invest at least USD 300 mln to build a new factory which focuses on smart products in Shenzhen, Guangdong Province.

2019/05/24 08:37:31

Danish toy production company LEGO plans to double its number of stores in China to 140 this year, and to strengthen the ties with e-commerce giants Alibaba and Tencent.

2019/05/24 07:54:15

President of Venezuela Nicolás Maduro Moros announces that the country will develop a nationwide 4G network with the help of Chinese companies Huawei and ZTE.

2019/05/24 07:53:51

Chinese cross-border e-commerce platform NetEase Kaola partners with Johnson & Johnson China. Personal care brands owned by Johnson & Johnson including Neutrogen, Listerine, and Clean & Clear will be available on the platform.

2019/05/24 07:37:39

The website of China’s Trademark Office shows that tech giant Huawei has filed trademark for its own OS “Huawei HongMeng”.

2019/05/24 07:36:10

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