A Rocket Launch Brings China One Step Closer to Its Own GPS ON SUNDAY MORNING, the Chinese government launched the 23rd satellite in its BeiDou Navigation Satellite System—the Chinese equivalent of GPS—into orbit aboard a Long March-3C rocket. BeiDou has worked for a while on a regional level, but China has been racking up the […]
China’s silicon dragons too big to ignore
by Michael Smith The hundreds of Australian company directors pouring into Silicon Valley and Israel on fact-finding missions are being advised to look closer to home in the search for inspiration from the world’s technology hot spots. China’s tech giants tend to get overlooked by the senior executives visiting companies like Google, Facebook and LinkedIn […]
China's silicon dragons too big to ignoreChina’s Bitauto raises $300M, with Baidu, JD.com and Tencent each chipping in $50M
Ingrid Lunden (@ingridlunden) As the on-demand transportation industry continues to heat up in China, one of the bigger online marketplaces for cars is also capitalizing on the growth. Bitauto Holdings — which both operates a giant car marketplace that we’ve in the past described as Cars.com, Consumer Reports and Auto Trader rolled into one; and […]
China’s Bitauto raises $300MChina’s New Silk Road Into Europe Is About More Than Money
Beijing is spending billions on new ports and rail lines, but its ambitions for Europe are as much about geopolitics as commerce. By Keith Johnson China is actively building out the European portion of its ambitious new “Silk Road” plan, with port deals from Greece to the Netherlands, railroad investments in Greece, Serbia, and Hungary, […]
China’s New Silk Road Into Europe Is About More Than MoneyThe rich kids of Beijing: Super-wealthy daughters of Chinese billionaires flaunt trips on private jets, £5,000 champagne bills and £16,000 rings online (despite the government telling them not to)
They drive super cars, think nothing of spending hundreds of thousands in a single night and their displays of wealth are so outrageous that China’s president has even taken steps to rein them in. President Xi Jinping has attempted to crack down on ostentatious bragging by young ‘fuerdai’, which translates as ‘rich second generation’, with […]
wealthy daughters of Chinese billionairesChina tech market will outsize US
Consumer Technology Association believes China tech market will outsize US Tech enthusiasts the world over will be zeroing in on Shanghai as the annual Consumer Electronics Show (CES) Asia kicks off on Wednesday. While it’s considerably smaller than its U.S. counterpart, CES Las Vegas, that may not be the case for much longer. Speaking to […]
China tech market will outsize USChina Eats So Much Pork These Feed Producers Became Billionaires
China’s appetite for meat has made billionaires out of two of the country’s largest animal-feed providers. Bao Hongxing, chief executive officer of closely held Twins Group Co., China’s fifth-largest animal-feed producer, has a $1.8 billion net worth, according to the Bloomberg Billionaires Index. Chen Yuxin, founder of closely held Sichuan Tequ Investment Co., Sichuan province’s […]
China Eats So Much Pork These Feed Producers Became BillionairesMark Schlarbaum, Krane Funds’ Managing Partner, Supports 100K Strong
Dear Friends, We’re thrilled to announce that Mark Schlarbaum, Managing Partner at Krane Funds Advisors, LLC (KFA), is the newest supporter of the 100,000 Strong Foundation. Schlarbaum will lend valuable insight into Chinese investment, financial markets and US-China business opportunities. “Through my work with KFA, and my travels to China, I realized there are enormous investment opportunities that exist […]
100K Strong, mark schlarbaumChina’s HNA to buy owner of Radisson hotel chain
A unit of China’s HNA Group has agreed a deal to buy Carlson Hotels, the owner of the Radisson hotel chain, the firms said in a joint statement late on Wednesday, continuing a spree of overseas deals by Chinese firms. HNA Tourism Group, a division of aviation and shipping conglomerate HNA Group, will buy 100 […]
China's HNA to buy owner of Radisson hotel chainChina introduces female-only bus service
Hannah Gardner, Special for USA TODAY BEIJING — A female-only bus service aimed at protecting women from sexual harassment launched this week in China, drawing praise and criticism. The Zhengzhou 3rd bus company introduced the service on a popular route in the central city of Zhengzhou. It will run during busy commuting hours until early […]
China introduces female-only bus service