Bottom line: Baidu's anti-competitive behavior alleged in a lawsuit by Jinri Toutiao won't have a long-term effect on its stock, but will draw the attention of an increasingly assertive anti-trust regulator.
As my first trip to the World Economic Forum winds down, I thought I would close out this series of reporter’s notebooks with a bit of my own experience as the lone foreigner traveling with an all-Chinese contingent from my current employer, Caixin. My own foreignness in the group didn’t even really occur to me until a low-key but eye-opening experience at the lobby of the hotel where we were staying.
In a scene that harkens back to my college days in the 1980s, Caixin chose a dormitory-like situation for the dozen of us that traveled ......
When it comes to going global, China is a land where talk is cheap. The “One Belt, One Road” campaign has created a frenzy for such global talk among Chinese companies over the last couple of years, with just about anything now getting classified as a part of that initiative even if it was in the works well beforehand.
The fact of the matter is that China went global long ago, at least in one sense, since it manufactures huge amounts of goods that ultimately end up being worn, played with and used in foreign lands. But the reality is t......
Global is great. Anyone who follows the China business scene probably wouldn’t need too long to guess those words were uttered by Alibaba founder Jack Ma, who was singing the praises of free trade and globalism on the second day of the World Economic Forum this week in Davos, Switzerland. Ma never saw a platform he didn’t like, including the e-commerce platforms that have made him one of the world’s richest men, as well as more figurative platforms like the World Economic Forum.
Ma’s growing embrace of globalism in many way......
When it comes to China, the views from the inside and outside sometimes seem worlds apart. That was a key takeaway during the opening day of my first attendance at the World Economic Forum, a pow-wow featuring of some of the world’s leading thinkers, politicians and business people that happens each year in the snowy city of Davos, Switzerland.
As a foreigner living in Beijing, I’m used to getting both sides of the China story. On the one hand there are foreigners outside China, who are increasingly anxious about the nation’s po......
Bottom line: Ant Financial's purchase of 20 percent of Hong Kong restaurant ratings site OpenRice looks like a smart, incremental move to boost its presence in its first major foray to build a local customer base outside China.
Bottom line: The inclusion of Alibaba's Taobao marketplace on the latest edition of a US blacklist for piracy signals US is taking a tougher line on trade issues.
Bottom line: Google has quietly resumed updates of its China mapping service in a bid to tap the booming local market for location-based services.
Bottom line: Huawei's decision to go ahead with a US market entry for its latest high-end phone, despite collapse of a tie-up with AT&T, is likely to produce very limited results due to lack of a carrier partner.
Bottom line: Meituan's move into shared car services is likely to reignite a price war with incumbent Didi, and could be aimed at generating excitement ahead of a mega-IPO later this year.
Bottom line: LeEco's sell-down of its Coolpad stake is a prelude to disposal of the remainder, and could presage a sale of Coolpad to another smartphone maker later this year.
Bottom line: Didi's Brazilian acquisition looks relatively shrewd and could be followed by more such moves in developing markets, while its purchase of a local bike-sharing firm looks less prudent.
Bottom line: The collapse of Ant Financial's purchase of MoneyGram reflects growing resistance from a Trump administration willing to mix business and politics in its relationship with China.
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