China

LexinFintech Closes In on IPO

LexinFintech Holdings Ltd. filed an amended F-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. There were no pricing details given in the filing, ...
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6 Most Important Things in Business Today: A Buyout of Time Inc?

Mattel Inc. (NYSE: MAT) has rejected a buyout offer from Hasbro Inc. (NYSE: HAS). Reuters reports: Mattel’s rebuttal indicates that Margaret Georgiadis, who took over as the company’s chief executive ...
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China Moves Ahead of US in Supercomputer Industry

The People's Daily, China's government-controlled media outlet, reports that China has become the world's leading producer of supercomputers. Its editors also pointed out that the United States has started to ...
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Alibaba 2-Hour Sales Total Nearly Matches JC Penney’s Full-Year Revenue

Analysts expect J.C. Penney Co. Inc. (NYSE: JCP) 2017 revenues to come in at $12.4 billion. China's Alibaba Group Holding Ltd. (NYSE: BABA) generated nearly that much revenue in the ...
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6 Most Important Things in Business Today

AT&T Inc. (NYSE: T) attacked the government's argument that it must sell CNN before a merger with Time Warner Inc. (NYSE: TWX). Walt Disney Co. (NYSE: DIS) earnings were pummeled ...
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As China Builds Its Own Planes, Boeing Gets $37 Billion Deal

China has tested and will start to produce its own commercial aircraft, which has been viewed as a challenge to Boeing Co. (NYSE: BA) and Airbus. The nation's long-term plans ...
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6 Most Important Things in Business Today

AT&T Inc. (NYSE: T) likely will fight back against the government's request that it sell CNN as part of a deal to buy Time Warner Inc. (NYSE: TWX). According to ...
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Why Is China’s Tencent Buying Non-Voting Shares of Snap?

Shares of Snap Inc. (NASDAQ: SNAP) plummeted by 20% after the company reported weak third-quarter results after markets closed Tuesday. On Wednesday morning, the company's filing with the U.S. Securities ...
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Weibo Users Hit 376 Million

The number of users posted by Chinese chat service Weibo Corp. (NASDAQ: WB) reached 376 million in September, a net addition of 79 million from the same period a year ...
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6 Most Important Things in Business Today

Snap Inc. (NYSE: SNAP) shares fell almost 20% after the social media company missed earnings forecasts badly. The drop is another setback for the firm, which had a highly anticipated ...
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Sogou Gears Up for IPO

Sogou has filed an amended F-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The company expects to price its 45 million American ...
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North Korea: Country and Military by the Numbers

President Donald Trump arrived in Seoul, South Korea, at midday Tuesday local time, the second stop on a 12-day trip that began with a visit to Japan and will next ...
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Alibaba Reaches New High With Solid Q2 Earnings

When Alibaba Group Holding Ltd. (NYSE: BABA) reported its fiscal second-quarter financial results first thing on Thursday, the e-commerce giant said that it had $1.29 in earnings per share (EPS) ...
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6 Most Important Things in Business Today

Facebook Inc. (NASDAQ: FB) said as many as 126 million Americas may have seen ads posted by Russian interests. The Wall Street Journal reports that Sprint Corp.'s (NYSE: S) largest ...
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Trump Goes to China With Plenty of Backup

President Donald Trump begins a tour of five Asian countries next Friday, but the three days (November 8 through 10) that he spends in China are centerpiece of the trip. ...
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