Xiaomi Promises To Limit Net Profit Margin To 5% Ahead Of IPO

Chinese electronics giant Xiaomi Inc. has made an unusual promise that it will limit its net profit margin to 5% for its hardware business, including smartphones, IoT and lifestyle products. The news is significant given Xiaomi is reportedly gearing up for an IPO that some say could value the company up to US$100 billion.

Trump May Win The Trade Battle With China But Lose The War

An earlier version of this story first appeared on Tribune Interactive.  The long-predicted China-U.S. trade war is here. The U.S. government under Donald Trump on Tuesday listed US$50 billion worth of Chinese exports that could be hit with 25% tariffs, ranging from electric cars to education material and medicine. China quickly retaliated with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. The tariffs won’t go into effect right away. The U.S. said it …

Cynthia Zhang: Toutiao Easily Worth More Than Tech Giant Baidu

At first glance, the investment strategy of veteran private equity manager Cynthia Zhang appears risky. As founder of recently launched private equity firm FutureX Capital, Zhang plans to make mid-to-late stage investments in promising Chinese tech stars, whose valuations are perhaps the highest in the world.

Chinese Netizens Shrug Off State Media Merger As Young People Finds News And Entertainment Online

Chinese netizens are indifferent to the news that China will merge its three national radio and television media outlets to create a mega broadcasting conglomerate. Majority of the young population in China now consume news and entertainment on their phones. Television programs, especially state-run TV shows, are mainly watched by older citizens.

China’s Huawei Tests 5G Network In Canada Despite Calls For Ban In US

Huawei may be facing a virtual sales ban in the United States, due to alleged security concerns, but that hasn’t stopped the Chinese company from launching tests of its 5G wireless technology just north of the border in Canada. On Wednesday, Huawei unveiled an urban trial of 5G wireless-to-the-home services in Vancouver, in partnership with Canadian carrier Telus. The trial is believed to be the first of its kind in North America. “This trial represents continued progress toward the launch of 5G, …

Apple To Build Second Chinese Data Center In Inner Mongolia

Apple Inc will build a data center in Ulanqab City in north China’s Inner Mongolia Autonomous Region, its second data center in China. The news comes shortly after Apple announced a agreement to hand over its iCloud data storage services in mainland China to a state-owned company in Guizhou due to regulatory concerns.

Xiaomi Beats Samsung to Become Top Smartphone Vendor In India

Chinese smartphone maker Xiaomi Inc. surpassed South Korea’s Samsung Group as the top seller of smartphones in India for the first time in the fourth quarter of 2017. During the period, Xiaomi shipped close to 8.2 million units in India, up 170% year-on-year, while Samsung shipped just over 7.3 million units, up 17% year-on-year. Samsung had been the top seller in India for six years. Together, the two companies command more than 50% of the smartphone market in the country, with …

China’s Didi Chuxing To Acquire Payment Firm 19Pay In Bid To Rival Tech Giants BAT

China’s largest ride hailing firm Didi Chuxing, which ranks as the second most valuable company on China Money Network’s China Unicorn Ranking, has agreed to fully acquire third-party payment firm 19Pay for RMB300 million (US$45 million), in a move to develop its own payment services, putting itself in direct competition to Chinese tech giants BAT.

Molex Releases USB Smart Modules to Assist Connectivity Within Vehicles

Hong Kong, China, October 16, 2017 /ChinaNewswire.com/ – Single port and dual port modules allow for fast charging in automotive and commercial vehicles. Molex has merged automotive-grade durability with mass availability on its line of USB Smart Charge Modules. Manufactured specifically for customers’ automotive and commercial vehicles that require a smart-charge USB module, Molex products… Read More

Why Has China’s GDP So Outpaced IRR?

It’s the paradox at the core of China investing: why has such a phenomenal economy proved such a disappointing investment destination for so many global institutional investors, PE firms and Fortune 500s.

SoftBank Vision Fund Eyes $500M Investment In ZhongAn Insurance’s US$1.5B IPO

SoftBank Vision Fund, a US$93 billion investment fund backed by SoftBank Group Corp with a significant commitment from Saudi Arabia’s sovereign wealth fund, is considering a US$500 million investment in the Hong Kong initial public offering of ZhongAn Online Property and Casualty Insurance Co., Ltd. ZhongAn Online is China’s first Internet-only insurer jointly established by Alibaba Group, Tencent Holdings and Ping An Insurance in 2013. The company is geared toward raising US$1.5 billion in an IPO in Hong Kong at …