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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

Tencent Music IPO raises over $1 billion

China-based music streaming company Tencent Music Entertainment said it raised close to $1.1 billion in its U.S. initial public offering after pricing its shares at the bottom of its targeted range. Ed Giles reports......»»

Category: videoSource: reutersDec 12th, 2018

China"s Tencent Music raises nearly $1.1 billion in U.S. IPO

China-based music streaming company Tencent Music Entertainment Group has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday......»»

Category: topSource: reutersDec 11th, 2018

China"s Anta Sports-led group buying Finland"s Amer Sports for $5.2 billion

A consortium led by China's Anta Sports made an offer to acquire Finland's Amer Sports in a deal that values the company at 4.6 billion euros ($5.23 billion), the Chinese firm said on Friday......»»

Category: topSource: reutersDec 7th, 2018

China"s growth slows, as does tourist spending at Tiffany

There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose 4% to just above $1 billion,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 28th, 2018

Battling Trump’s $250 billion trade war one company at a time

U.S. President Donald Trump’s $250 billion economic battle with China has run into a one-man obstacle. A trade-war whisperer working for the other side......»»

Category: topSource: moneycentralNov 18th, 2018

Battling Trump’s $250 billion trade war one company at a time

U.S. President Donald Trump’s $250 billion economic battle with China has run into a one-man obstacle. A trade-war whisperer working for the other side......»»

Category: topSource: moneycentralNov 18th, 2018

In another push, Elliott calls on Hyundai to boost returns, review assets

U.S. hedge fund Elliott Management on Tuesday renewed pressure on Hyundai Motor Group, calling on the South Korean company to return $10.6 billion of cash to shareholders and consider selling non-core assets, including $10 billion of property......»»

Category: topSource: reutersNov 13th, 2018

Alibaba Holiday Sales Hit $24 Billion In One Day

China e-commerce company has its own holiday much the way that Amazon.com (NASDAQ: AMZN) does. Alibaba’s is called “National Singles Say”. Sales for the holiday crossed $24 billion........»»

Category: blogSource: 247wallstNov 11th, 2018

Baidu sees increased 3Q18 revenues

China-based search engine Baidu has released financial report for the third quarter of 2018, with consolidated revenues of CNY28.203 billion (US$4.15 billion) increasing 8.59% on quarter and 20.07% on year, according to the company......»»

Category: topSource: digitimesNov 2nd, 2018

BHP to Return $10.4 Billion to Shareholders

BHP Billiton, the world’s biggest mining company by market value, announced a stock buyback and special dividend. The miner is under pressure from activist investor Elliott Management......»»

Category: asiaSource: wsjNov 1st, 2018

Ford Q3 beats analysts" expectations, but warns of China "challenges"

Ford Motor Company reported third-quarter results that bested analysts' expectations, but the company warned of "continued challenges in China." The Detroit automaker (NYSE: F) reported that third-quarter revenues grew to $37.6 billion from $36.4.....»»

Category: topSource: bizjournalsOct 24th, 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