Date
17 January 2017

Industries

  • Sunac's Sun Hongbin is investing in LeEco as part of a diversification strategy. Photo: Bloomberg

    Why property developer Sunac bought into LeEco

    - Jan 17, 2017 12:11pm
    Over a six-hour dinner, Sun Hongbin, boss of China’s seventh largest property developer decided to splurge 15 billion yuan to bail out the debt-laden technology conglomerate LeEco. Sun revealed at a press conference on Sunday that...
  • Tom Enders expects Airbus to fly a demonstration vehicle for single-person transport by the end of the year. Photo: Reuters

    Airbus CEO sees ‘flying car’ prototype ready by end of year

    Jan 17, 2017 8:07am
    Airbus Group plans to test a prototype for a self-piloted flying car by the end of the year as a way of avoiding gridlock on city roads.  Airbus last year formed a division called Urban Air...
  • Sunglasses from Ray Ban, a Luxottica-owned brand, are on display at an optical shop in Hanau, Germany. The merger with Essilor will create an eyewear giant with annual revenue of 15 billion euros. Photo: Reuters

    Luxottica and Essilor seal 46 bln euro eyewear merger

    Jan 17, 2017 7:55am
    Italy’s Luxottica and France’s Essilor have signed a 46 billion euro (US$49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. The all-share deal is one of Europe’s...
  • Lianjia’s founder Zuo Hui sharpens his highly disciplined management approach by using big data technology to closely monitor his sales team. Photo: read01.com

    How a China property agent uses big data technology

    - Jan 16, 2017 10:35am
    In a recent deal, property developer Sunac China Holdings (01918.HK) agreed to pay 2.6 billion yuan (US$376.83 million) for a 6.25 percent stake in Beijing-based online real estate agency Lianjia. The deal put Lianjia’s valuation at...
  • Chief executive Ivan Chu is expected to unveil the results of a review of the airline's operations on Wednesday. Photo: Bloomberg

    Cathay set for overhaul

    Jan 16, 2017 8:54am
    Cathay Pacific Airways (00293.HK) is expected to announce job cuts, cost reductions and shifting of flights to its short-haul arm when it unveils the results of a key review this week. The 71-year-old Hong Kong airline is...
  • Chikaranomoto Holdings, the operating entity of Ippudo, plans to list in Tokyo to raise funds for its international expansion. Photo: Ippudo

    Will ramen restaurant chain Ippudo win hearts of mainlanders?

    - Jan 13, 2017 11:04am
    Japanese ramen restaurant chain Ippudo seeks to list in Tokyo to raise funds for its international expansion. Chikaranomoto Holdings, the operating entity of Ippudo, has filed an application with the Tokyo Stock Exchange to list as...
  • Mainland property giant China Vanke has seen another twist in the boardroom power struggle saga. Photo: Bloomberg.

    China Resources sells Vanke stake to Shenzhen Metro

    Jan 13, 2017 9:12am
    China Vanke Co. (02202.HK, 000002.SZ) said on Thursday that its second largest shareholder, China Resources Group, will sell its entire 15.31 percent stake to Shenzhen Metro Group. Under the deal, Vanke will see 1.69 billion A-shares listed...
  • Following a dip in revenues, Morgan Stanley is said to have resorted to cost-cutting measures in its investment banking operation. Photo: Reuters

    Morgan Stanley lays off bankers, cuts bonuses: report

    Jan 13, 2017 8:40am
    Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent in a bid to cut costs following a business slowdown, Reuters reports, citing people with knowledge of...
  • The anticipated Takata settlement caps a government probe stemming from the largest automotive recall in US history. Photo: AP

    Takata expected to pay US$1 bln to settle US air-bag probe

    Jan 13, 2017 8:17am
    Automotive supplier Takata Corp. is expected as soon as Friday to plead guilty to criminal wrongdoing and pay roughly US$1 billion to resolve a US Justice Department probe of the Japanese company’s handling of rupture-prone air...
  • Low real mortgage rates and an expected delay in actual delivery of new supply suggest the local property market will stay robust for the time being. Photo: HKEJ

    Will higher rates hit HK property prices right away?

    - Jan 12, 2017 5:12pm
    Market opinions are fairly divided over the prospect of Hong Kong housing prices this year. I believe there is further upside, although moderate, before housing prices start to level off by the end of the year....
  • Samsung's Lee Jae-yong will be questioned by South Korean special prosecutors in connection with a bribery investigation. Photo: Reuters

    Samsung heir named a suspect in S Korea bribery probe

    Jan 12, 2017 8:53am
    Samsung Electronics vice-chairman Lee Jae-yong has been named as a suspect in a bribery probe, drawing the nation’s biggest business group deeper into a political scandal that has led to the impeachment of South Korea’s president. The third-generation...
  • Without the backing of the likes of Alibaba, other retailers may find it hard to transform from a traditional brick and mortar operation into an omni-channel business model as Intime has managed to achieve. Photo: Reuters

    Why it’s hard for other retailers to replicate Intime’s success

    - Jan 11, 2017 4:33pm
    Alibaba Group Holding and Shen Guojun, founder of Intime Retail (Group), offered HK$10 per share to take private the mainland shopping mall and department store chain operator in a cash transaction. The price represents a premium...
  • The FF91 failed to execute an auto parking instruction during a presentation despite claims that it beats all existing electric cars including Tesla in a number of performance metrics. Photo: gatget360

    Why Faraday Future’s plan to sell electric cars smells fishy

    - Jan 11, 2017 10:49am
    Faraday Future (FF), of which Chinese billionaire Jia Yueting is a key investor, has unveiled its first electric car, saying it will deliver the new vehicle — the FF91 — in 2018. The firm has opened the...
  • Volkswagen's supervisory board will meet soon to approve a multi-billion-dollar settlement with the US Justice Department over an emissions cheating scandal. Photo: Bloomberg

    Volkswagen confirms US$4.3 bln settlement in US emissions case

    Jan 11, 2017 8:31am
    Volkswagen AG confirmed Tuesday that it has negotiated a US$4.3 billion draft settlement with US regulators over a diesel-emissions cheating scandal. Under the deal, the German automaker would plead guilty to criminal misconduct, Reuters reports. VW...
  • First-mover benefit and easier access to Hong Kong capital are some of the advantages enjoyed by Guangdong property firms. Photo: Reuters

    China’s top three property developers are all from Guangdong

    - Jan 10, 2017 10:42am
    Three Chinese real-estate firms — Evergrande (03333.HK), Vanke (02202. HK), and Country Garden (02007.HK) — notched record sales of more than 300 billion yuan each last year, according to the China Index Academy, a well-known property...
  • Customers eat dinner at a McDonald's store in Beijing. The company has more than 2,400 restaurants in mainland China and roughly 240 in Hong Kong. Photo: Reuters

    McDonald’s sells most of China, Hong Kong business

    Jan 10, 2017 8:24am
    McDonald’s Corp. has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd. and Carlyle Group LP for up to US$2.1 billion, seeking to expand rapidly without using much...
  • US President-elect Donald Trump shakes hands with and Alibaba executive chairman Jack Ma after their meeting at Trump Tower in New York. Photo: Reuters

    Jack Ma tells Trump about plans for US businesses

    Jan 10, 2017 8:13am
    Alibaba executive chairman Jack Ma met US President-elect Donald Trump on Monday and laid out the Chinese e-commerce company’s new plan to bring one million small US businesses onto its platform to sell to Chinese consumers...
  • In five of the past six years, buying the dogs of the Dow returned better than investing in the index. Photo: Biztechmojo

    A simple way to beat the Dow

    - Jan 9, 2017 1:36pm
    Dogs of the Dow refer to the ten companies in the benchmark US stock index that offer the highest dividend yields by the end of each year. If an investor invested in a basket of dogs...
  • UBS is among the foreign banks that are said to be planning to lift stakes in China investment banking ventures. Photo: Bloomberg

    Morgan Stanley, UBS may boost stakes in China JVs

    Jan 9, 2017 8:55am
    Morgan Stanley and UBS Group are planning to raise their stakes in China investment-banking joint ventures, the Wall Street Journal reports, citing people familiar with the matter. The two foreign financial institutions intend to increase their...
  • If someone invested a dollar in Amazon in 1997, that one dollar would be worth more than US$380 today. Photo: Reuters

    Who would be crazy enough to hold Amazon for two decades?

    - Jan 6, 2017 5:12pm
    This year is the 20th anniversary of Amazon as a listed company. If someone invested a dollar in the e-commerce giant in 1997, that one dollar would be worth more than US$380 today, an annual compound...

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