China’s most influential business leader

BY CHINA DAILY The 74-year-old Ren Zhengfei, founder and CEO of Huawei Technologies, is the most influential business leader in China, according to the latest ranking released by business magazine Fortune’s Chinese edition.   Pony Ma Huateng, founder and CEO of tech giant Tencent, came in second followed by Chen Dongsheng, founder, chairman and CEO of Taikang Insurance Group. Alibaba chairman Jack Ma grabbed fourth … Continue reading China’s most influential business leader

China’s Top 10 most innovative companies

BY SILVI WRITER Chinese tech platform Meituan-Dianping was named world’s most innovative company in 2019 by the US-based Fast Company, the world’s leading business media brand. Other listed Chinese companies range from internet giant to electric automaker. Let’s take a look at the top 10 most innovative companies in China. 10 GJS Robot GJS Robot is a robotics and AI startup based in Shenzhen, China, … Continue reading China’s Top 10 most innovative companies

China to build highways in Moldova

By SCMP Two Chinese contractors are in final negotiations to build two highways in Moldova, marking the first time China has extended the nation’s engineering and construction prowess to the eastern European nation. China Hyway Group and China Railway Group Limited are in talks to build two highways with a combined length of 300 kilometres in Moldova, according to Vitalie Lurcu, the Modolvan State Secretary … Continue reading China to build highways in Moldova

Chinese firm offers to sell stake in Airbus’ hometown airport

BY SCMP The first foreign owner of French aviation infrastructure is offering to sell its stake in the Toulouse-Blagnac airport, barely five years after winning the bid to own the hometown airfield used to test Airbus aircraft. Casil, a venture between Shandong Hi-Speed Group and Hong Kong’s Friedmann Pacific Asset Management, is putting a 49.99 per cent stake in Toulouse-Blagnac on the block, its president … Continue reading Chinese firm offers to sell stake in Airbus’ hometown airport

Evergrande’s Xu the world’s richest real estate developer

BY CHINA DAILY Evergrande Group’s chairman Xu Jiayin (许家印), 60, has become the world’s richest real estate tycoon with a wealth of $37 billion, the Hurun report announced on Wednesday. Among the top 10 real estate billionaires, seven are Chinese — including Xu Jiayin, Li Ka-shing, Lee Shau Kee, Yang Huiyan, Wang Jianlin and his family, Henry Cheng Kar-shun and his family, and Joseph Lau Luen … Continue reading Evergrande’s Xu the world’s richest real estate developer

Bike-sharing “withdrawing” from global market for “capital crunch”?

BY SILVI WRITER Mobike, the pioneer in China’s bike-sharing sector will shut down most of its foreign markets, months after rival Ofo began winding down its international division. The move shows China’s bicycle-sharing business, after years of rapid growth and aggressive expansion overseas, are withdrawing from the international market due to capital crunch, observers said. “Mobike’s international business is undergoing rationalization to improve efficiency,” the … Continue reading Bike-sharing “withdrawing” from global market for “capital crunch”?

Companies with female board members make more money

BY CHINA DAILY More women hold management roles or have made it to the C-suite or the board in workplaces in China, compared to most other Asian nations, a new study finds, also suggesting companies with female executives or board members outperform others. The report, Demographics, Diversity and Corporate Destiny, compiled by the Economic Corporate Network and sponsored by leading global professional recruiting group Hays, … Continue reading Companies with female board members make more money