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February, 27, 2017

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China > Business
Chinese utility buys big in Brazil
State Grid Corporation of China announced on Tuesday that it has taken ownership of a controlling stake in Brazilian power utility CPFL Energia SA, the largest power distributor in the country.
 
Chinese brands dominate India's smartphone market
Chinese brands have captured the biggest share of the Indian smartphone market, The Paper reported on Wednesday citing latest industry figures.
 
The exponentially expanding appetite of Chinese mainland capital for international real estate assets reached a record high in 2016-and is likely to continue to play a significant role in the global property market in the next few years ...
 
HNA to buy majority of Sky Bridge Capital
HNA Group is seeking to expand its portfolio in the global asset management business by acquiring a majority stake in SkyBridge Capital, an alternative investment firm founded by Donald Trump adviser Anthony Scaramucci.
 
Are Chinese firms capable of achieving excellence?
Last weekend, a friend and I were at a mall in Beijing's Dawanglu area that houses the world's finest superbrands of premium luxury goods. It didn't require much effort to discern that almost all of them were from continental Europe.
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The Spring Festival has become an occasion for Chinese families to indulge in major shopping sprees, as internet giants add e-commerce twists to the Lunar New Year.
 
Capacity cuts to take heat off coal
A price adjustment scheme will help stabilize China's coal industry in 2017 as the authorities press ahead with capacity reduction, according to the chief of the industry's top national body.
 
China's Alibaba quarterly revenue surges 54% to US$7.7 billion
Chinese e-commerce giant Alibaba said Tuesday its revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping.
 
Payment apps fueling surge in mobile internet
With smartphone apps now the answer to more real-life demands, mobile internet use has surged in China, although the advancing technology could pose a challenge for late adopters.
 
Economists list steps for investor confidence
China's policymakers must make greater efforts to stabilize investor confidence as the country is facing the pressure of a slowdown in housing investments this year, economists said.
 
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