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January, 17, 2017

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China > Business
China's internet finance heavyweight Ant Financial Service Group gained another foothold in overseas expansion, after a local lender it helped launch obtained the first operating license for internet-only banks from South Korean regulators.
 
Meitu debut less than flashy
The mainland's selfie app developer Meitu Inc made its debut on the Hong Kong Stock Exchange on Thursday, marking the biggest technology initial public offering in HK in nearly a decade.
 
The Chinese start-up technology firm MINIEYE is looking to get a cut of shares from the vision-based advanced driver assistance systems (ADAS) market led by its Israeli rival Mobileye.
 
Wanda off
Tourists ride two-wheeled electric vehicles near the Edificio Espana building on the Plaza de Espana square in Madrid on March 19, 2014.
 
Chinese antitrust officials are investigating General Motors in the wake of escalating tensions between Beijing and U.S. President-elect Donald Trump, a person familiar with the matter said Wednesday.
 
New rules boost robot production
China will publish standards to regulate its burgeoning robot industry while pushing for wider robotic applications in key industries, according to officials and experts.
 
Heavy Chinese investment is reshaping the landscape of world soccer but fortunes could be lost as well as made in an environment that remains "a bit Wild West."
 
Chinese stocks, currency struggle after Fed raises rates
Chinese stocks and currency struggled on Thursday after the Federal Reserve raised rates for the first time in a year.
 
China's popular selfie app developer Meitu made a muted debut on the Hong Kong stock exchange Thursday after the biggest IPO by a technology company in the city in almost a decade.
 
In line with recent upticks of indicators, higher than expected lending data in November show growing momentum for the stabilizing of the real economy, analysts said.
 
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