FintechChinese startup XTransfer secures $15 mn funding for global expansionPritam BordoloiOctober 11, 2019 by Pritam BordoloiOctober 11, 2019 The funding round led by eWTP Fund also included China Merchants Venture Capital, Yunqi Partners, and Gaorong Capital... Read more
LogisticsChinese robotics startup Geek Plus leads logistics revolutionPritam BordoloiOctober 4, 2019 by Pritam BordoloiOctober 4, 2019 Geek Plus deployed 7,000 robots and completed more than 200 smart logistics projects across four continents... Read more
AviationChina shows aviation prowess with new airportPritam BordoloiSeptember 26, 2019November 1, 2019 by Pritam BordoloiSeptember 26, 2019November 1, 2019 The airport has four runways, parking space for 150 airplanes and a 700,000 square metre terminal building... Read more
TelecomHuawei in talks with China Mobile to buy Brazil’s OiPritam BordoloiSeptember 24, 2019November 4, 2019 by Pritam BordoloiSeptember 24, 2019November 4, 2019 Spain’s Telefonica and Italy’s Telecom Italia are also potential bidders... Read more
BankingDBS to grow its global transaction business in AsiaPritam BordoloiSeptember 23, 2019November 4, 2019 by Pritam BordoloiSeptember 23, 2019November 4, 2019 The bank aims to grow its revenue from GTS in Vietnam by 30% and from the Guangdong-Hong Kong-Macau region by 55%... Read more
Real EstateChina Yuanbang invests in property developmentInternational Finance DeskSeptember 11, 2019December 23, 2019 by International Finance DeskSeptember 11, 2019December 23, 2019 The company has forwarded the loan to Guangzhou Jiadi Xindu and Kaiping Qingshi Auto Parts at an interest rate of 16% per annum... Read more
Ports and ShippingChina Merchants to diversify, invest in French port assetsInternational Finance DeskSeptember 3, 2019December 23, 2019 by International Finance DeskSeptember 3, 2019December 23, 2019 The investment will help French port firm reduce its debt after its $17 bn acquisition of Ceva Logistics... Read more
AviationWeak yuan, trade war uncertainty to hit top three Chinese airlinesInternational Finance DeskSeptember 3, 2019December 23, 2019 by International Finance DeskSeptember 3, 2019December 23, 2019 China Southern, Air China, and China Eastern airlines face falling profits with slower passenger demand... Read more
BankingSlowing economy: China considers reforms for smaller banksInternational Finance DeskAugust 29, 2019December 16, 2019 by International Finance DeskAugust 29, 2019December 16, 2019 China's central bank will encourage merger talks for banks that are under financial risks... Read more
TechnologyChina to launch cryptocurrency in November through 7 major FIsInternational Finance DeskAugust 29, 2019December 17, 2019 by International Finance DeskAugust 29, 2019December 17, 2019 The launching of cryptocurrency will cut the costs of circulating traditional paper money... Read more