Walmart is remaking its Sam’s Clubs to offer foreign goods aimed at aspirational consumers. In the U.S., Walmart Stores’ members-only warehouse chain, Sam’s Club, offers a wide array of products, from bulk groceries to patio furniture, at discounted prices in cavernous, no-frills stores where goods are stacked on metal shelves. Walmart is doing the same […]
Philips and Xiaomi will make smart home lighting for China
The companies are starting a joint venture to bring some more smart lighting options to China. China’s getting some new smart home lighting options. Philips Lighting and mobile internet company Xiaomi are teaming up to create connected LED lighting units built for Xiaomi’s wireless smart home platform, the companies said Thursday. The effort also includes […]
Philips and Xiaomi will make smart home lighting for ChinaChina Resources Pharmaceutical Raises $1.8 Billion in Hong Kong IPO
Company prices IPO at $1.17 a share in one of city’s largest floats this year By Kane Wu and Alec Macfarlane China Resources Pharmaceutical Group Ltd. has raised $1.8 billion in one of the biggest Hong Kong initial public offerings of the year. The company, controlled by a Chinese state-owned conglomerate, priced its IPO on […]
China Resources Pharmaceutical Raises $1.8 Billion in Hong Kong IPOVW sales lifted by strong deliveries in China
Sales at Volkswagen have shown signs of recovering from the emissions crisis as it reported strong September deliveries, thanks mainly to China. Overall, the group saw a 7.1% increase in deliveries last month, to 947,600 vehicles worldwide. Of those, 382,300 went to China, a 20.1% rise on the previous year. But deliveries in the US […]
mark schlarbaum, VW sales lifted by strong deliveries in ChinaBoeing Wins $3.2 Billion Dreamliner Order From China Southern
China Southern Airlines Co. agreed to buy Dreamliners valued at $3.2 billion in list prices from Boeing Co. as Asia’s biggest carrier by passenger numbers expands its fleet to meet a surge in travel demand. The carrier chose the 787-9 model, with a list price of $271 million each, according to a Hong Kong stock […]
Boeing Wins $3.2 Billion Dreamliner Order From China Southern, China to Cut Red Tape to Boost Foreign InvestmentApple opening hub in China to develop ‘advanced’ tech
Apple is opening a 300 million yuan ($45 million) research and development center in Beijing, its first ever in China, as the U.S. technology giant looks to reverse declining sales in the country. The announcement was made on social media by the Zhongguancun Science Park Administrative Committee, the landlords that run the site where Apple […]
Apple opening hub in ChinaChinese billionaire makes aggressive moves in Hollywood
China’s richest man, Wang Jianlin, has been on a buying spree in Hollywood. His media conglomerate, Dalian Wanda Group, has aggressively expanded into the U.S. film industry. The company, which already owns the nation’s second-largest theater chain and a major U.S. film producer, recently signed a deal to invest in Sony Pictures movies. Now, Wanda […]
Chinese billionaire makes aggressive moves in Hollywood, Hollywood, mark schlarbaumChina set to export corn, threatening global market: sources
China has given approval to at least two companies to export corn, trading sources said, in a radical move by the world’s No. 2 producer to cut its ballooning surplus and unleash more supply into a saturated global market. In what could be the first bulk exports in a decade, the Chinese government has issued […]
China, China set to export corn, Corn, mark schlarbaumInside the Cannibalistic Culture of China’s Biggest Tech Giant
Success inside China’s most-valuable public company sometimes requires a bit of cannibalization. Tencent Holdings Ltd.’s ubiquitous WeChat service emerged after founder Ma Huateng encouraged employees to compete against each other to create a mobile messaging business. WeChat now has more than 805 million users, who turn to the service not just for texting but also […]
Inside the Cannibalistic Culture of China's Biggest Tech GiantChina’s ATL to become main battery supplier for Samsung’s Galaxy Note 7
China’s Amperex Technology Limited (ATL) will become the main supplier of batteries for Samsung Electronics Co Ltd’s Galaxy Note 7 phones, a person with knowledge of the plans said on Tuesday. Samsung’s shares fell to their lowest level in nearly two months on Monday after it told customers to switch off and return their new […]
China's ATL to become main battery supplier for Samsung's Galaxy Note 7