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News on Companies in China

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Looking to the future

Tycoon discusses sustainability, philanthropy and the benefits of flat caps
Aug 31, 2018 (WiC 422)

It’s conventional wisdom that billionaires in Hong Kong derive much of their fortune from the property sector. But Lui Che Woo is different. The 89 year-old rose rapidly on the rich list after founding his casino and hospitality company Galaxy ...

Shenzhen pioneer discusses how fast AI is catching on in China
Jun 8, 2018 (WiC 412)

A steady flow of stories in the Chinese press has signalled that the era of artificial intelligence is advancing quickly in the world’s most populous country. The latest examples include facial recognition technology used in the arrest of ...

Thinking inside the box

Self-storage is a new but fast-growing sector in China: CMS wants to profit
May 18, 2018 (WiC 409)

People in China are increasingly in need of extra storage space; urbanisation, rising home prices and higher disposable incomes are contributing factors. Self-storage in the US grew rapidly in the 1970s, helping to create one of the world’s ...

Kapon on the A-to-Z of DRC

Acker Merrall boss discusses records set at latest Hong Kong wine auction
Nov 10, 2017 (WiC 387)

Few people know more about which wines China’s collectors are buying than John Kapon. The owner of Acker Merrall and Condit hosts record-breaking auctions for rare wine in his native New York and Hong Kong, with mainland Chinese money driving ...

Many happy returns

Four years since its launch, how is Belt and Road progressing?
Oct 27, 2017 (WiC 385)

Four years ago Xi Jinping formally launched his Belt and Road Initiative while on a trip to Central Asia. Chinese acquisitions in the 68 countries associated with his signature foreign policy had this year surpassed $33 billion by August, which ...

It’s better to share

Founder of VistaJet discusses China’s private jet market
Oct 20, 2017 (WiC 384)

Alibaba’s online shopping platform Taobao was offering some unexpected items for sale last month – three Boeing 747s, seized by a court in Shenzhen when a cargo airline went bust. After failing to dispose of the aircraft privately, the ...

A $435 billion list

A pioneering unicorn ranking is launched
May 12, 2017 (WiC 365)

Nina Xiang founded online media outlet China Money Network in 2011 to cover China's growing internet and tech sector, as well as the private equity and venture capital groups investing in it. Here Xiang (pictured right), who is also China Money ...

Making his case

CEO says Chinese tourism boom will continue to boost Samsonite’s earnings
Mar 24, 2017 (WiC 359)

Few international business executives can have seen as much of China as Ramesh Tainwala, the CEO of Samsonite. By his own estimation he has visited 200 or so cities there, going to many of them while he was Samsonite’s Chinese country ...

Nothing but the best

An industry expert explains how China is now driving diamond sales
Mar 10, 2017 (WiC 357)

In his long career in the diamond business Nissan Perla has met his fair share of celebrities. Wealth-X, an intelligence network on the wealthy, even describes him as the “Diamond King”, and points out he has a roster of famous clients from ...

China has overtaken US as Australia’s biggest export market for wine
Oct 28, 2016 (WiC 344)

China has just toppled the United States as the leading import market for Australian wine. Reds and whites from Down Under increased by more than half to A$474 million ($360 million) in the year ending in September, says Wine Australia, the body ...

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