Carlsberg raises guidance as beer volumes recover
Danish brewer Carlsberg (CARLb.CO) raised its full-year earnings guidance on Wednesday after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels.
Factbox: From e-commerce to education, China’s season of regulatory crackdown
China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment.
Analysis: Valuing China assets no easy task after $1 trillion wipeout
Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?
China’s Didi improves pay transparency for drivers
China’s Didi Global Inc (DIDI.N) said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers unfairly.
Analysis: Extreme weather sounds alarm for under-insured China
Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country.
EXCLUSIVE China’s tech crackdown thwarts Pony.ai’s U.S. listing plans -sources
Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, people familiar with the matter said.
Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.
Human rights claims are limiting China’s international investment!
China’s efforts to be seen as a responsible investor abroad are put at risk by high rates of human rights abuses associated with its business operations, particularly in the metals and mining sector, according to a report released on Wednesday. The Business & Human Rights Resource Centre, a global nongovernmental organization (NGO), logged 679 charges […]
Exclusive: IKEA’s malls arm branches out into housing with new centre in China
IKEA’s shopping malls business, one of the world’s biggest, has kicked off the sales process for some 500 flats at its first-ever mixed-use retail and residential development, in Changsha in southern China.
S.Korea’s Krafton, maker of hit game ‘PUBG’, tumbles on debut
Shares in Krafton Inc (259960.KS), the Tencent Holdings-backed (0700.HK) South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as 20% on their trading debut on Tuesday.
