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August, 25, 2016

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China > Business
Truck manufacturers face overcapacity
China's truck manufacturers are keeping their eyes on international markets and on production upgrading as ways to deal with the industry's severe overcapacity.
 
Uber China team to get 6 months base salary and equity vesting as bonus
After China's ride-hailing market leader Didi Chuxing confirmed Monday that it will acquire Uber's business in China ...
 
Uber China to merge with local rival Didi: Bloomberg
Ride-sharing giant Uber is to give up its ferocious battle for market share in China by merging its operations with local rival Didi Chuxing, reports said Monday.
 
China's investments in overseas soccer and basketball teams may be on the rise, but it will be some time before the Chinese people begin to travel abroad in large numbers to watch big sporting events, according to tourism industry observers.
 
China group bets big on Caesar's casino gaming unit
A Chinese consortium linked to Alibaba founder Jack Ma will spend US$4.4 billion to buy a developer of casino-style game apps from a U.S. firm, one of its member companies said Monday.
 
Chinese brands catch Rio Olympic fever
Chinese sports brands will likely ride the Rio 2016 wave to recovery as big-ticket sponsorship and marketing deals have come their way.
 
Didi Chuxing confirms merger with Uber China
Didi Chuxing confirmed on Monday that it will merge with Uber China's business, putting an end to the two companies' cash-burning fight over the dominance of China's ride-hailing market.
 
Baidu delivers more bad news to investors
Baidu Inc warned that curbs on online advertising will hurt revenue growth for the next two to three quarters, delivering the latest dose of bad news to investors in China's largest internet search service.
 
China's manufacturing shrank in July, the government said Monday, blaming the deterioration on rainstorms that wreaked havoc across large swathes of the country.
 
Price rises for new homes in China accelerated in July from the previous month, a survey showed Monday, with some buyers possibly prompted by moves in some cities to curb prices.
 
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