ChinaKnowledge

Disappointed by Trump, Jack Ma withdraws 1 million jobs promise for Americans

TMT

People

Peoples’ Bank of China may issue digital currencies, proprietary patents ready

Macro

Novartis partnered Tencent to capture China’s digital medical services market

Retail

Google’s onslaught in Chinese markets with AI and AR technologies

TMT

Hillhouse Capital’s Fund IV raised USD 10.6 bln, Asia’s largest-ever for private equity

Finance

Fund

JPMorgan to increase controlling stakes in Chinese JVs

With the opening up of the Chinese financial market, JPMorgan Chase & Co. plans to increase its participation and controlling shares in its securities joint venture in China.

Economy · Business CKN

2018/09/25 02:27:18

First Data partnered Huifu Payments as it forays into the China, ready access to 5.8 mln merchants

First Data Corporation has completed a deal with Huifu Payment Ltd <1806:HK> to provide a global e-commerce solution to the Chinese market. Huifu, a third-party payment provider licensed by the People’ Bank of China (PBoC) has a strong presence in China’s point of service (POS). The online platform will integrate its technology with First Data’s payment gateway to create an integrated solution for international merchants to conduct multicurrency transactions seamlessly

TMT CKN

2018/09/21 09:54:57

1,196

Hyundai Heavy Industries partnered China’s Hagong to make industrial robots

Hyundai Heavy Industries has inked a deal with Chinese robot manufacturer Jiangsu Hagong Intelligent Robot in a joint venture to produce industrial robots. Jiangsu Hagong is China’s leading supplier of welding robots used in automobile manufacturing and engages in robotics services and developing artificial intelligence

Manufacturing · Construction CKN

2018/09/21 09:42:14

1,210

From quantity to quality, fundamental changes expected in coal de-capacity policy

The biggest reason for repeated criticism since the implementation of the coal de-capacity policy lies in the fact that coal is one of the major energy sources. If the “coal reduction” campaign is carried out blindly, such a “one size fits all,” it will affect the momentum of China’s economic development. The direct consequence of the demonization of coal is skyrocketing energy prices. Recent increase in the price of domestic oil products can also attributed to the “one size fits all” type of coal de-capacity policy.

Nie Guanghui

Data · Mining

2018/09/18 04:00:59

1,177

SAP collaborates with Alibaba to offer better cloud solutions to small medium enterprises

SAP SE will be offering its cloud service known as the SAP S/4HANA Cloud, and platform on Alibaba Group Holding Ltd.’s cloud infrastructure, as it deepens its cooperation with the company, SAP announced on its website on Wednesday

TMT CKN

2018/09/21 09:15:30

1,507

China Merchants Group may sell pallet-maker Loscam for USD 1 billion to Asian buyout firm

China Merchants Group is considering the sale of a majority stake in pallet-maker Loscam to Asian buyout firms expressing interest in the deal. Any deal could value Loscam at USD 1 billion.

Manufacturing · Finance CKN

2018/09/21 09:12:22

1,436

Baidu and Chinese Science and Technology Museum to develop Museum of Intelligent Science and Technology

Baidu and Chinese Science and Technology Museum have signed a strategic cooperation agreement in Beijing recently. With the help of their respective advantages in technology and resources, the two sides will cooperate in the fields of ‘informationization,’ a popular pitch for scientific education and innovation

TMT CKN

2018/09/21 09:05:54

1,074

China’s Beidou-3 Navigation System to rival U.S. GPS, also cover Belt and Road region

China has sent two more Beidou-3 navigation satellites into the space on Wednesday evening. This marks the 13th and 14th satellite in the Beidou Global Satellite Navigation System, a third launch of Beidou-3 satellites in less than 8 weeks.

Macro · TMT CKN

2018/09/21 08:01:39

936

China’s USD 7 trln stock markets open to foreigner this Saturday, stockbrokers to accept account opening

The stock market of world’s second largest economy will open to foreigners living in China starting tomorrow, 15 September. It is a new rule, meaning that most foreigners living in China will be allowed to open local brokerage accounts to trade A-shares onshore.

Ted Worley

Markets · Equity

2018/09/14 12:23:56

1,336

China to allow banks’ USD 4 trln wealth management direct access to A-shares

The China Securities Depository and Clearing Corporation (CSDC) has introduced new regulations which make it easier for commercial banks’ wealth management products (WMP) to open securities trading accounts. Under new regulations WMPs will be able to directly invest in the stock market.

Finance · Equity CKN

2018/09/21 07:57:54

1,193

Mobile keyboard app and voice-to-text provider CooTek plans USD 57 million IPO in NYSE

Shanghai-based CooTek Inc. which provides mobile keyboard software and is known for its keyboard application TouchPal is targeting to raise USD 57 million in its IPO on the New York Stock Exchange (NYSE)

TMT CKN

2018/09/21 07:55:30

834

JD-backed online luxury retailer Farfetch raises USD 885 mln in U.S. IPO

Farfetch Ltd , the leading technology platform for global luxury fashion industry, has managed to raise USD 885 million in its U.S. initial public offering (IPO), with 44.2 million shares sold at USD 20 apiece.

TMT CKN

2018/09/21 07:36:49

1,123

ZTE Corp to cash in USD 231 mln Shenzhen property to ease cashflow

ZTE Corporation <763:HK> has announced its plan to sell land and property assets located in Shenzhen to state-owned enterprise (SOE), Shenzhen Investment Holdings Co (SIHC).

TMT CKN

2018/09/21 07:12:53

1,486

AstraZaneca team up China tech giants to boost sales, expand R&D

Pharmaceutical giant AstraZaneca no longer contented just to be a drug supplier in China. The drug maker plans to use artificial intelligence (AI), robotics and smart diagnostics to offer a broad healthcare services in China.

Retail · TMT CKN

2018/09/21 06:12:44

1,392

Alibaba ready to launch AI chip, invested USD 15 bln on research labs

Alibaba’s Chief Technology Officer Jeff Zhang has announced that the company plans to drive development in emerging computing technology, during the company’s Cloud Computing Conference last week

Manufacturing · TMT CKN

2018/09/21 03:11:46

1,374

Alibaba hires tech geniuses to form Pingtouge Semiconductor

The 2018 Hangzhou Computing Conference kicked off in Hangzhou today. The theme of this year conference is “Empower Digital China.” In the conference, Alibaba announced the establishment of an independent chip company called Pingtouge Semiconductor Co., Ltd.

TMT CKN

2018/09/21 01:18:41

1,265

China to inject RMB 100 bln to expand digital economy

China's National Development and Reform Commission (NDRC) in collaboration with China Development Bank (CDB) will invest RMB 100 billion into digital economy industry in the next 5 years, the announcement read yesterday.

Economy · Govt · Money Mkt CKN

2018/09/20 09:46:21

810

Meituan Dianping IPO debut in HKEx, 30% larger than Nasdaq-listed JD.com

Meituan Dianping trading above initial public offering (IPO) price today to close at HKD 72.65, up 5.28% with market capitalization of USD 50.8 billion. This exceeds Nasdaq-listed ecommerce giant JD.com (JD) by 30%, making it the fourth largest Chinese internet company by market value.

Economy · Business · Accommodation & Catering CKN

2018/09/20 09:38:08

1,076

News Flash

China's new home sales has exceeded 1 bln sq m in the first eight months

2018/09/25 01:57:26

China's real estate developer Evergrande Group acquires 40.96% shares of Guanghui Group for RMB 14.49 bln, will become the 2nd largest shareholder of the company

2018/09/25 01:37:28

Shanghai Composite Index opens at 2,775.07, down 0.80%. Shenzhen Component Index opens at 8,336.75, down 0.86%. ChiNext Index opens at 1,401.86, down 0.66%

2018/09/25 01:34:49

CBIRC: The total assets of China's banking industry up 6.9% YoY to RMB 255.5 trln as of end Aug

2018/09/25 01:25:11

China's PBoC will carry out a reverse repo of RMB 60 bln for 14 days, RMB 150 bln reverse repo will mature today

2018/09/25 01:23:09

The central parity rate today for RMB against the USD down 83 pips from yesterday's to stand at 6.8440

2018/09/25 01:17:04

Hong Kong Intn'l Airport's passenger throughput up 5.2% YoY to 6.8 mln in Aug, cargo and mail throughput up 2.4% to 0.43 mln tonnes

2018/09/25 01:15:27

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