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WiC 542 (May 28, 2021)

Set to fly high in Hainan?

M&A, Talking Point How Fosun seems to have skirted Beijing’s crackdown on ‘acquisitive’ firms

HNA and Fosun were two of the world’s busiest dealmakers in 2017. HNA was at the height of a $40 billion spending spree, gobbling up assets that ...

The man who saved millions

Chinese Character China mourns Yuan Longping, the rice scientist extraordinaire

Funerals in China rarely cause a city’s stock of chrysanthemums to run out. But the death of Yuan Longping on May 22 did just that. Known as the ...

China Consumer China’s most mysterious unicorn takes on Zara

Last September at Hong Kong’s Sohn conference, during which hedge fund managers pitch investment ideas to their peers, someone suggested shorting ...

Raising the bar

China Consumer Meet the ‘Hermès of ice cream’

Despite its exotic sounding name, Häagen-Dazs was founded in New York by a Polish immigrant in 1959. He reckoned that ice cream lovers would be more ...

M&A How a mega-merger in Indonesia has fanned the Alibaba-Tencent rivalry

The trajectory of China’s economic resurgence would likely be very different were it not for the wealthy Chinese diaspora across Southeast Asia. ...

JD delivers (again)

Logistics JD Logistics makes its stock market debut in Hong Kong

In 2008 private equity investors were looking for the next big thing in China’s e-commerce sector. At that point the 10 year-old JD.com looked like ...

A flailing iron fist?

Energy & Resources To Beijing’s fury, Aussie iron ore exports thrive

It is just over a year since the Australian government called for an independent investigation into the origins of the Covid-19 pandemic, triggering a ...

China and the World Sino-Russian nuclear plants signal growing amity

When Mao Zedong and Joseph Stalin signed their Sino-Soviet Pact on Valentine’s Day in 1950, it was supposed to herald a new era of “Friendship, ...

Offshore entity

Energy & Resources Wind power firm’s IPO surges in Shanghai debut

Protecting five islands from erosion by the sea was a challenge for the Jade Emperor in ancient times, according to Chinese mythology. The emperor ...

Who’s Hu The richest man in Fujian’s Putian

The city of Putian in Fujian province is known for two things: sneakers, because it is where some of the world’s biggest contract manufacturers of ...

Where the unicorns roam

GBA InvestHK’s David Wong discusses the growth opportunities of the GBA

The Greater Bay Area (GBA) is a vibrant region of southern China that encompasses nine cities in Guangdong province – including Guangzhou and ...

Making fans furious

Entertainment Cars travelling in outer space is a step too far for…

The first instalment of the Fast and Furious was set in Los Angeles. By the time of its third outing, the franchise was already so popular that ...

Society Extreme weather leads to 21 deaths in Gansu marathon

In 2011 China hosted 22 marathons or ultra-long distance races. By 2019 – the year before the Covid-19 pandemic fully took hold – that number had ...

A legacy to build on

Sino-File “I hope all of us could carry Mr Zuo’s belief of…

Peng Yongdeng, 41, this week took the reins at Beike (see WiC508), after the shock announcement last week of the death of its 50 year-old founder Zuo ...

The place to be

And Finally Internet frenzy over liveability of Caoxian

Caoxian has an unusual claim to fame. As WiC noted last January, the rural county of 1.75 million in eastern Shandong province supplies a huge ...