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China Ramps Up Pressure on Exiled Critic, Fining His Company $8.7 Billion

China put further pressure on exiled businessman and government critic Guo Wengui, with a court slapping an $8.7 billion fine on his company and punishing several associates who were involved in the takeover of a securities firm......»»

Category: topSource: wsjOct 12th, 2018

China"s Didi to invest $1 billion in its auto services platform

Didi Chuxing Technology, China's largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO)......»»

Category: topSource: reutersAug 6th, 2018

If you are buying at Dollar Tree then China tariffs are worrying

Dollar Tree is among retailers most affected by the $200 billion in tariffs on Chinese imports. The company may discontinue items, cut package sizes......»»

Category: topSource: moneycentralOct 10th, 2018

Dan Loeb ramps up pressure on Campbell Soup, urges asset sales

Dan Loeb, who’s seeking a complete overhaul of Campbell Soup Co.’s board, said the embattled company could fetch as much as $58 per share in a sale and should consider offloading brands like Pop Secret and Pepperidge Farms Frozen Cakes......»»

Category: topSource: moneycentralOct 1st, 2018

Donald Trump's China tariffs will cost Ford $1 billion, CEO Jim Hackett says

Ford CEO Jim Hackett on Wednesday told Bloomberg Television that his company faces $1 billion in lost profits from President Donald Trump's t.....»»

Category: topSource: usatodaySep 26th, 2018

Canada"s Barrick Gold to buy Randgold Resources in $18.3 billion deal

Canada's Barrick Gold has agreed to buy Randgold Resources Ltd in a $18.3 billion share deal to create the world's largest gold company by value and output in an industry under investor pressure to put capital to good use......»»

Category: topSource: reutersSep 24th, 2018

China"s Tencent Music seeks $2 billion in U.S. IPO: sources

Tencent Music Entertainment Group, China's biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the deal, down from the up to $4 billion that had been touted earlier......»»

Category: topSource: reutersSep 19th, 2018

China"s Tencent Music halves U.S. IPO to $2 billion: sources

Tencent Music Entertainment Group , China's biggest music-streaming company, has halved the amount it is seeking to raise in a U.S. listing to about $2 billion, according to three people close to the deal......»»

Category: topSource: reutersSep 19th, 2018

U.S. stock futures drop after Trump slaps new tariffs on China

U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about $200 billion worth of Chinese imports......»»

Category: topSource: reutersSep 17th, 2018

Jack Ma, China’s Richest Man, to Retire From Alibaba

He will step down to pursue educational philanthropy. The richest man in China, Jack Ma, said he planned to retire this Monday from Alibaba, the $420 billion e-commerce company that he founded, according to an interview with the New York Times......»»

Category: europeSource: fortuneSep 7th, 2018

The Wall Street Journal: Apple says Trump’s China tariffs would hit watch, AirPods

Apple Inc. says proposed U.S. tariffs on $200 billion of Chinese goods would affect several of its products including the Apple Watch, hurting American consumers and putting the company at a competitive disadvantage......»»

Category: topSource: marketwatchSep 7th, 2018

Apple Says China Tariffs Would Hit Watch, AirPods

Apple Inc. said proposed U.S. tariffs on $200 billion of Chinese goods would affect several of its products including the Apple Watch, hurting American consumers and putting the company at a competitive disadvantage......»»

Category: smallbizSource: wsjSep 7th, 2018

Chinese Billionaire"s Arrest Connected To Suspected Rape

With a net worth of over $7 billion, Liu 'Richard' Qiangdong, founder and CEO of Chinese e-commerce company JD.com, is China's 20th richest man.....»»

Category: blogSource: zerohedgeSep 4th, 2018

How Richard Liu built JD.com into a $45 billion tech giant

The founder and CEO of China's second biggest e-commerce company is in the global spotlight for all the wrong reasons......»»

Category: marketsSource: cnnSep 4th, 2018

One Of China"s Richest Men Arrested In Minneapolis For "Criminal Sexual Misconduct"

With a net worth of over $7 billion, Liu 'Richard' Qiangdong, founder and CEO of Chinese e-commerce company JD......»»

Category: blogSource: zerohedgeSep 3rd, 2018

HNA Group trims debt nearly 11 percent, or $11.6 billion, in first half

China's HNA Group reduced its debt load in the first half of 2018 as the company sold off assets acquired under a high-profile acquisition spree helmed by its former chairman, according to the company's latest financial report......»»

Category: topSource: reutersSep 1st, 2018

Walmart, in battle with Amazon, completes $16B investment in FlipKart

Walmart Inc. has completed its $16 billion investment in Indian e-commerce company Flipkart. Arkansas-based Walmart (NYSE: WMT) said it now owns 77 percent of Flipkart as it ramps up its worldwide online selling battle with rival Amazon.com Inc. .....»»

Category: topSource: bizjournalsAug 21st, 2018

Walmart, in battle with Amazon, completes $16B investment in India"s FlipKart

Walmart Inc. has completed its $16 billion investment in Indian e-commerce company Flipkart. Arkansas-based Walmart (NYSE: WMT) said on Saturday, Aug. 18, that it now owns 77 percent of Flipkart as it ramps up its worldwide online selling battle .....»»

Category: topSource: bizjournalsAug 21st, 2018

Seven Stars Cloud Group wins $24 billion deal to fund upgrades of China"s bus system

Seven Stars Cloud Group Inc. shares soared 149% in premarket trade Monday, after the company said it has won a $24 billion, three-year.....»»

Category: topSource: marketwatchAug 20th, 2018

Trump"s trade battle with China hits home in Arkansas town

A Chinese company's announcement two years ago that it would spend more than $1 billion and hire hundreds of workers for a paper mill on the outskirts of this rural college town was seen as a much-needed shot in the arm for the region's economy......»»

Category: topSource: foxnewsAug 8th, 2018

China"s HNA to sell over $2 billion Avolon stake to Orix: sources

China's HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan's Orix Corp , two sources said, as the company attempts to restructure and trim stakes even in its core assets......»»

Category: topSource: reutersAug 7th, 2018