Mark Schlarbaum Irvine California

China is creating the world’s second biggest stock market

A long-awaited trading link in China is close to becoming a reality, and that’s got people talking about the country’s heavyweight status in financial markets. A link connecting the Shenzhen and Hong Kong stock exchanges is slated to open Dec. 5, making hundreds of China’s fastest-growing companies available to foreign investors. The Shenzhen-Hong Kong Stock Connect also “will essentially create …

Mark Schlarbaum Irvine California

China to invest $174 billion in hydro and wind

China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries. NEA said construction of new wind farms would provide about 300,000 new jobs by 2020. In addition, the country aims to have a market-based subsidy system for …

China’s policing robot: Cattle prod meets supercomputer

China’s policing robot: Cattle prod meets supercomputer

China’s supercomputing development has a purpose, says U.S. China’s fastest supercomputers have some clear goals, namely development of its artificial intelligence, robotics industries and military capability, says the U.S. But some of the early iterations of this effort seem a little weird. China recently deployed what it calls a “security robot” in a Shenzhen airport. It’s named AnBot and patrols …

Mark Zuckerberg’s Long March to China

Mark Zuckerberg’s Long March to China

The Chinese government likes to control social media and what people do with it—but Facebook looks willing to launch in China anyway. For U.S. Internet businesses, China is the land of moral defeat. Many people hoped that Western technology companies would loosen China’s control over information. Instead, those companies have willingly participated in efforts to censor citizens’ speech. Yahoo gave …

Wal Mart China Mark Schlarbaum

Wal-Mart to invest $50 million in China online grocer New Dada

Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the U.S. retailer said on Friday, extending its tie-ups with local online players to help boost sales in the world’s second-largest economy. Wal-Mart shifted its China strategy earlier this year when it sold its own online platform Yihaodian in exchange for a stake in …

IPO China Mark Schlarbaum

China’s ZTO Express Set for Biggest U.S. IPO This Year

Delivery firm set to raise up to $1.3 billion in biggest IPO by Chinese company in the U.S. since Alibaba in 2014 By Alec Macfarlane Updated Oct. 15, 2016 10:08 a.m. ET A logistics company tied to China’s booming online-shopping industry is set to raise up to $1.3 billion in what could be the biggest U.S. initial public offering this …

bring Hollywood to China

Alibaba, Spielberg to bring Hollywood to China

ET phoned China. Steven Spielberg’s Amblin Partners and Alibaba Pictures Group, the film unit of Chinese billionaire Jack Ma’s Alibaba Group Holding said on Sunday they will co-produce and finance films for global and Chinese audiences. They will also collaborate on the marketing, distribution and merchandising of Amblin Partner films in China, the companies said in a joint statement. Amblin …