China

Bright Scholar Files for IPO

Bright Scholar Education Holdings has filed an F-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the ...
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Will Alibaba Prevail in Bidding War for MoneyGram?

Alibaba Group Holding Ltd. (NYSE: BABA) wants to enter the U.S. market for financial services. To that end, the company's Ant Financial Services unit agreed in January to pay $880 ...
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China’s Economy Grew 6.9% in Q1

China's double-digit GDP grow is well behind it. However, its economy continues to expand at impressive levels, particularly because, among other things, it is the world's second largest economy. In ...
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North Korean Economy by the Numbers

Recent saber-rattling by the government of North Korea has led to the U.S. Navy sending a carrier group to the Sea of Japan and added to U.S. concerns about North ...
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GM China Sales Fall in Q1 as Overall Market Rises

Now that General Motors Co. (NYSE: GM) has agreed to sell its Opel Group to Peugeot, the U.S. company will compete in just two major markets — the United States ...
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Lyft Raises $500 Million, Now Valued at $7.23 Billion

Venture-funded, ride-sharing service Lyft has raised a Series G investment round of $500 million, valuing the privately held company at around $7.45 billion, up from a $5.5 billion valuation after ...
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Yum China Rises Despite Mixed Earnings

Yum China Holdings Inc. (NYSE: YUMC) reported its first-quarter financial results before the markets opened on Thursday. The company posted $0.44 in earnings per share (EPS) and $1.28 billion in ...
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Trump May Not Be Able to Save Coal, but China Might

Following President Trump's executive order last week rolling back several Obama administration climate rules, Secretary of the Interior Ryan Zinke lifted a ban on new coal-mining leases on federal land. ...
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Why American Airlines Paid $200 Million for a Small Stake in China Southern

American Airlines Group Inc. (NASDAQ: AAL) announced Tuesday morning that it has acquired a 2.68% stake in China Southern Airlines Co. (NYSE: ZNH) for $200 million. The equity investment follows ...
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Merrill Lynch Identifies Top Steel Picks for Big Upside

Last week was rather strong for U.S. steel mills. After all, a 10% gain after mid-quarter guidance from Nucor Corp. (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD) is impressive ...
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Chinese Car Company Prepares Tesla Killer

One more company believes it can beat Tesla Inc. (NASDAQ: TSLA) at the luxury electric car business. According to Automotive News, a Chinese car firm working with an Italian design ...
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Apple Supports 4.8 Million Jobs in China, More Than Double US Total

Apple Inc. (NASDAQ: AAPL) announced Friday morning that it will invest more than 3.5 billion yuan (about $506 million) to establish research and development centers in Shanghai and Suzhou, China. ...
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Chinese businessman

China to Eliminate Roaming Charges and Long Distance Fees

In what should trigger an increase in mobile device use in the world's largest mobile market, China will eliminate roaming charges and long distance fees. The charge will come on ...
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China slow

Car Industry Faces Problem Due To China Air Pollution Regulations

China has decided to enforce air pollution regulations more aggressively. Among the tactics is will employee is restrictions to use of cars and light trucks in large cities during period ...
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China’s Silicon Valley, According to Tencent Chairman

A number of places have claimed to be the "next Silicon Valley." While the one in California won't go away, New York City, the research triangle in North Carolina and even ...
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