Chinese President Xi Jinping is putting more of the “state” in “state-owned enterprise.” Carmaker FAW Car Co., fiber producer Sinoma Science & Technology Co. and miner Tibet Mineral Development Co. have recently modified their bylaws to give Xi’s Communist Party more oversight of management decisions. For example, company boards will now have an obligation to […]
China’s Big Takeover Battle
The fight over real estate giant Vanke has observers asking what ‘Chinese capitalism’ actually means. BEIJING — One year ago, it would have been unimaginable to see Wang Shi (pictured), the larger-than-life CEO of Vanke, China’s largest real estate developer, facing investors calling for his head. But on June 27, the embattled CEO offered to […]
China’s Big Takeover BattleChina to overtake US as world’s main cruise liner market, says Royal Caribbean chief executive
US luxury cruise operator has eyes on China’s huge and expanding middle class with new fleet of giant liners China is expected to surpass the United States as the largest market for Royal Caribbean cruises in the coming years, according to its chief executive. “Today in the US there are probably 11 million people taking […]
China to overtake US as world’s main cruise liner marketChina keeps trying to prove its glass bridge is safe, so it drove a 2-tonne SUV over it
Just in case the public wasn’t sufficiently convinced by a journalist smashing the world’s longest and highest glass bridge with a sledgehammer (and surviving), the owners of the Zhangjiajie Grand Canyon bridge in China decided to prove its safety by upping the ante over the weekend. In its latest media-directed “safety test” of the 430-meter […]
China keeps trying to prove its glass bridge is safe, so it drove a 2-tonne SUV over itGiant Royal Caribbean ship christened in China
In what is being billed as a first for China, one of the world’s biggest cruise ships was christened Friday in the Chinese port of Tianjin. Chinese actress Fan Bingbing presided over the naming event for Royal Caribbean’s new Ovation of the Seas, which is the sixth largest cruise vessel ever built. Royal Caribbean is […]
Giant Royal Caribbean ship christened in ChinaA Slice of Qihoo’s $9.3 Billion Buyout for Sale on China Streets
On the streets of China’s eastern city of Hangzhou, a fluorescent board like those used to peddle sandwiches in a cafe is offering a piece of China’s biggest leveraged buyout. With the lure of 500 percent returns, wealth managers including Overseas Chinese Fund and Jinlu Financial Advisors are selling investments linked to Qihoo 360 Technology […]
A Slice of Qihoo’s $9.3 Billion Buyout for Sale on China Streets