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Issue 599

WiC 599 (Sep 9, 2022)

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Turbulent times

Aviation, Talking Point After a dismal period for China’s airlines could the worst be…

It doesn’t happen very often: a major company announces a multibillion share sale only to report net losses a month later that exceed the fundraising ...

Safe as houses?

Banking & Finance Lenders’ results reveal cracks in property market

News that Country Garden – the longtime leader in contracted sales of new homes in China – suffered a 96% drop in first-half profits is ...

The perestroika parable

China and the World How the Chinese reacted to the death of Mikhail Gorbachev

A great ruler in China was often likened to the monarchs Yao and Shun. The Chinese saw these two emperors as paragons of moral perfection. Legend had ...

Taking profit

Auto Industry Warren Buffett starts selling shares in BYD

When Warren Buffett buys shares in a company, it is terrific news for the other shareholders. The broader market immediately takes note, bidding up the ...

In disposal mode

Internet & Tech Is Tencent set to sell down its massive portfolio?

After years as a shoo-in choice for investors, Tencent has been falling out of favour. Its share price has been declining for months and it just posted ...

Zhangbei now tops the FLOPS

Internet & Tech Alibaba unveils world’s most powerful supercomputer

Generally speaking, companies don’t like to announce any ‘flops’ in their performance. That is, unless you are in the world of supercomputing, ...

Fake it till you make it

China Consumer War of words between livestreamers over Bird’s nest soup

Back in 2020 short-video platform Kuaishou’s biggest livestreaming host Xinba was found to have sold counterfeit bird’s nest soup on his streaming ...

Two fruits just got sweeter

China Consumer Cross-breed of the lychee and the longan proves a hit

Most fruits are already sweet but scientists have been tinkering with hybrids that are even sweeter and prettier than the originals. For instance, ...

Digital dividends

HSBC Partner Content How HSBC is growing its wealth business in China

HSBC’s commitment to becoming the leading wealth manager in Asia by 2025 has seen Trista Sun, an 18-year veteran at the bank, return to her home ...

Bonafide credentials

Entertainment Top film studio finally lists in China after an 1,870-day wait

In addition to tallying up their box office receipts, China’s film bosses have another habit of counting the days until their films make it onto the ...

Wu Yibing

Red Star Chinese player made tennis history

Born in Hangzhou, Wu Yibing, 22, was introduced to tennis when he was a boy because his parents were worried he was overweight. They initially wanted ...

Brick by brick

Sino-File “Will we continue our investment decisions in the Chinese mainland? The…

Tim Blackburn, chief executive of Swire Properties, speaks to the South China Morning Post about the firm’s 10-year $12.7 billion investment plan ...

Not retiring (after all)

And Finally McDonald’s proves hit employer as new pensioners’ job site is launched

Retirement age in China is 60 for men and 50 or 55 for women (earlier for blue-collar roles). But with the country aging rapidly, there are concerns ...

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