Former Arsenal midfielder becomes China’s first naturalised player

BY SILVI WRITER Beijing Guoan’s midfielder Li Ke will become the first naturalised player ever to enter the Chinese men’s national football team as head coach Marcello Lippi released the new 24-man squad on Thursday. The former Arsenal and Brentford player Li, whose English name is Nicholas Yennaris, joined the Chinese Super League side in January this year and in doing so opted to renounce … Continue reading Former Arsenal midfielder becomes China’s first naturalised player

Officials punished over kindergarten ‘gang’ question

BY CHINA DAILY Three officials in Wuxi, East China’s Jiangsu province, have been given Party and administrative punishments on Thursday over an inappropriate question about whether kindergarten children were involved in gangs, the local government said on its official Wechat account. According to the government of Wuxi’s Xishan district, Feng Dongyan, director and Party chief of the Xishan Education Bureau, has been given the punishment … Continue reading Officials punished over kindergarten ‘gang’ question

Alibaba mulls second listing in HK to diversify funding as trade war escalates

BY SILVI WRITER and CHINA DAILY China’s e-commerce giant Alibaba Group Holding Ltd is considering raising $20 billion via a second listing in Hong Kong to diversify its funding channels and boost liquidity, according to a Bloomberg report citing sources. The company is working with financial advisers on the planned offering, and is aiming to file a listing application in Hong Kong confidentially as early … Continue reading Alibaba mulls second listing in HK to diversify funding as trade war escalates

Chengdu ranked top for new first-tier cities

BY CHINA DAILY Southwestern metropolis Chengdu topped a list of new first-tier cities in 2019, according to a ranking published by the China Business Network, China’s leading financial media group. Other cities that made it on the list are Hangzhou, Chongqing, Wuhan, Xi’an, Suzhou, Tianjin, Nanjing, Changsha, Zhengzhou, Dongguan, Qingdao, Shenyang, Ningbo and Kunming. The more “traditional” first-tier cities on the list were Beijing, Shanghai, … Continue reading Chengdu ranked top for new first-tier cities

Luck running out for Luckin as share prices fall

BY CHINA DAILY Shares in Luckin Coffee, Starbuck’s Chinese rival, fell below their initial public offering price on Wednesday, just days after its debut on the Nasdaq, triggering concerns over its profitability and long-term growth. Luckin Coffee shares closed at $14.75 on Wednesday, much lower than its IPO price of $17 per share. It has dropped by 40 percent from its peak listing price, when … Continue reading Luck running out for Luckin as share prices fall

Digital industry plays a bigger role in economic growth

BY CHINA DAILY China’s digital economy, which uses internet technologies to empower industries and reshape people’s lives, accounted for a third of the nation’s GDP in 2018, a report tracking the sector’s development said. The volume of the nation’s digital economy expanded to 29.9 trillion yuan ($4.33 trillion) last year, up 12 percent from 2017 and faster than the country’s GDP growth, a Digital China … Continue reading Digital industry plays a bigger role in economic growth