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Facing U.S. Blowback, Beijing Softens 'Made in China 2025' Message

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BRIEF NEWS
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Baidu Stock Drops 5% on Notice of Potential Offering of CDRs

Baidu Stock Drops 5% on Notice of Potential Offering of CDRs

Chinese stock exchanges finalized the regulations for trading of CDRs last week, paving the road for overseas-listed tech titans to trade their shares domestically, but driving away smartphone maker Xiaomi in the process.

Jun 25, 2018 9:24 AM PT
A Northern Chinese Powerhouse Grapples with a Slowdown as Credit Curbs Hit

A Northern Chinese Powerhouse Grapples with a Slowdown as Credit Curbs Hit

Tianjin's state-owned firms have been particularly hard hit by Beijing's efforts to rein in risky lending and curb bad debts by closing off shadow financing channels such as trusts, among other measures.

Jun 24, 2018 5:05 AM PT
China's ZTE Expected to Take Last Step to Lift Ban

China's ZTE Expected to Take Last Step to Lift Ban

ZTE, which makes smart phones and networking gear, agreed to pay a $1 billion penalty and put $400 million in an escrow account as part of a settlement agreement reached on June 7.

Jun 23, 2018 5:00 AM PT
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INTERVIEW: Puxin Aims to Become Top Consolidator in China's Education Market

INTERVIEW: Puxin Aims to Become Top Consolidator in China's Education Market

Puxin's chief financial officer, Peng Wang, says China's fragmented education industry will transform in the near future with the company becoming a top consolidator.

Ctrip and Baidu Executives Join iQiyi's Board; Stock Soars 17%

Ctrip and Baidu Executives Join iQiyi's Board; Stock Soars 17%

The shares of iQiyi rose nearly 17 percent in trading after the company, dubbed "Netflix of China," said two additional members were appointed to its board.

Qudian's Price Continues to Drop As Several Major Shareholders Dump Shares

Qudian's Price Continues to Drop As Several Major Shareholders Dump Shares

According the announcement, the average transaction price was $8.855 per share, which is equivalent to $22.6 million, or 144 million yuan.

JD Seeks to Rival Alibaba in Southeast Asia; CEO Plans Drone Delivery

JD Seeks to Rival Alibaba in Southeast Asia; CEO Plans Drone Delivery

China's second-largest online retailer is looking to expand into Thailand this year, to be followed by Vietnam and Malaysia. The company faces fierce competition from Southeast Asia's biggest e-commerce platform owned by Alibaba Group.

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EDITOR'S PICKS
Nearly 1,200 Chinese Companies Caught Falsifying Financials in 2018

Nearly 1,200 Chinese Companies Caught Falsifying Financials in 2018

The National Statistics Bureau reported that 1,195 companies and 2,775 investment projects inflated their earnings or covered losses in the first four months this year.

Huami Stock Drops on Xiaomi's IPO Delay, Valuation Cut

Huami Stock Drops on Xiaomi's IPO Delay, Valuation Cut

Huami, the sole partner of the Chinese smartphone giant Xiaomi, saw its shares fall in early trading Tuesday as much as 11% after Xiaomi announced it would delay offering its CDRs.

China's Xiaomi to Delay its Mainland China CDR Offering

China's Xiaomi to Delay its Mainland China CDR Offering

China Securities Regulatory Commission said in a separate statement it would suspend the review of Xiaomi’s CDR application.

Hexindai's Latest Financial Report Shows Rapid Growth, Net Income Quadruples

Hexindai's Latest Financial Report Shows Rapid Growth, Net Income Quadruples

Net Income attributable to Hexindai quadrupled to $17 million, or 32 cents per fully diluted share, compared with $4.23 million, or 10 cents per share, a year ago.

ZTO Backs Alibaba's Last-Mile Delivery Network Cainiao Post

ZTO Backs Alibaba's Last-Mile Delivery Network Cainiao Post

Following Alibaba's support of ZTO Express last week, the Chinese courier announced today it paid $168 million for a 15 percent stake in e-commerce giant's last-mile delivery service.

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