Guangdong Province

New Business

Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market…

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New Business

Chinese business owner in Venezuela warns of knock-on effects following Maduro’s abduction

Eight years after leaving Venezuela, David Hou, a native of southern China’s Guangdong province, returned last year, pleased to find…

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Travellers hoof it in China as horseback tourism makes strides

Hong Kong-based entrepreneur Chan Shan Shan is a frequent traveller to mainland China. But rather than the usual activities or…

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China’s offshore yuan breaks major benchmark as appreciation momentum builds

China’s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar – another…

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Swire Properties sells 2 Deep Water Bay homes for US$283 million in biggest deal in years

Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay…

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As I see it | How Nexperia became a casualty of the US-China trade war

Don’t bring a knife to a gunfight, they say. Alas, the Dutch government has been a slow learner. No matter,…

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Chinese firms prepare for reopening of Russian market amid talks aimed at peace deal

Chinese cross-border e-commerce entrepreneur Andy Guo has just opened two warehouses covering a total of 5,000 square metres (53,820 sq…

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Beijing-Tokyo diplomatic feud dims Japan’s allure for Chinese wealth and talent

Some of China’s affluent middle class is unwinding bets on Japan, cashing out in real estate and shelving migration plans…

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Co-founder of Chinese EV battery giant pockets US$239 million windfall from 1% stake sale

Huang Shilin, co-founder of Contemporary Amperex Technol­ogy (CATL) and its third-largest shareholder, has cashed in on a rally in the…

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New Business

China’s chief space contractor readies plans for tourism programme

As companies like SpaceX and Blue Origin make headlines for sending non-astronauts into space on pricey private tours, a Chinese…

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