Wayne Rooney to China: Manchester United captain offered £700,000-a-week to follow others to Chinese Super League WAYNE ROONEY will become one of the highest-paid players in the world – if he accepts an offer to move to the Chinese Super League. Two clubs are reported to be chasing the Manchester United and England captain on a deal worth an incredible …
Stephon Marbury: Remade in China
How the former hoops star went from NBA outcast to international trailblazer tephon Marbury was heading to practice with his Beijing Ducks on an October morning when his old NBA nightmares started to haunt him again. “They don’t want me at the game tonight,” Marbury said during the ride on Oct. 12. Seven years removed from the hard crash of …
Tech Trends From China To Watch Out For
The Biggest Tech Trends From China To Watch Out For In 2017 China’s technology sector dominated headlines in 2016 both in the Middle Kingdom and abroad, ranging from coverage of Uber’s merger with Chinese rival Didi Chuxing to the newly popular bike-sharing apps. Just a few years after China’s tech scene emerged, the conversation has shifted from questioning if Chinese …
China Meitu App Goes Public
HONG KONG — Your phone can make your face whiter. A touch can taper your jaw. It can slim your cheeks. Widen your eyes. Of course, it can make you thinner. In China, beauty — of a particular kind — can come from a swipe. A photo app called Meitu gives its users the power to create idealized versions of …
China’s Newly Extended Tax Cut
Why Auto Execs Are Cheering China’s Newly Extended Tax Cut “Any policy support is good for the industry under current circumstances.” China extended a tax cut on small-engine vehicles by one year on Thursday, a move industry executives said would help keep demand for automobiles stable and prevent sharp short-term fluctuations in the world’s biggest auto market. China’s Ministry of …
Chinese Buyers Find Bargains in Gold
Gold investors have rushed to the exits since Donald Trump’s surprise victory in the U.S. presidential election, dragging prices to a nine-month low. Now Chinese retail buyers are stepping in to take advantage of the low prices. Gold sellers in Hong Kong, where mainland Chinese often buy gold, report an increase in purchases, some of it for weddings around this …
Meitu of China, Built on the Selfie, Could Be Worth $5.23 Billion in I.P.O.
HONG KONG — For users of Meitu’s signature app, a beautiful touch-up at the press of a button is free. But Meitu is hoping that investors in the company, which wants to “make the world a more beautiful place,” will value it somewhere between $4.6 billion and $5.23 billion. Meitu plans to offer shares at between 8.5 Hong Kong dollars …
Thanks to Trump, China is poised to dominate
This has been a very good month for Xi Jinping. The Chinese president appointed a new finance minister, who immediately began a crackdown on the hidden incomes of the country’s superrich. He struck a deal in which Facebook agreed to censor its content. And most importantly, on Nov. 8, Mr. Xi learned that his country was about to become unchallenged …
Fed Rate Hike Imminent
Mark Schlarbaum on Next Rate Hike 2016 has been the year of unexpected outcomes in the markets according to. No one was anticipating a yes vote on Brexit, and fewer still expected a Donald Trump presidential victory. One of the next major global financial events the markets are watching is whether the U.S. Federal Reserve (the Fed) will raise interest …
Bottled fresh air from Canada over $30 in smoggy China
Bottled fresh air’ from Canada, NZ fetches over $30 in smog-hit China How much are people in smog-hit China prepared to pay for fresh air? At least 219 yuan ($31.80) for a 7.7-litre bottle of “pure, hand-bottled, pollution-free, oxygen-rich air from New Zealand” – which works out to 1.2 yuan per breath, according to Chinese media. The bottled fresh air …