The leading domestic consumer brand Shanghai Jahwa United Co Ltd is expected to see its net profits plummet 90 percent to 226 million yuan ($32 million) in 2016, according to the announcement. The fourth quarter reported a net loss of 207 million yuan ... ( read original story ...)
Foreign business skeptical of China’s promised opening
Zhu Haifeng, a retail investor, said it would not change much for him, as he can already buy foreign shares through the Shanghai-Hong Kong Stock Connect scheme, and he didn’t see much likelihood of overseas firms rushing to invest in China. ( read original story ...)
Shanghai shares snap five-session losing streak as tech stocks rally
Shanghai’s benchmark stock index rose on Tuesday, snapping a five-day losing streak, as small-caps staged a sharp afternoon rebound that let an index tracking them halt an eight-day slide. The blue-chip CSI300 index rose 0.2 per cent to 3,326.36 points ... ( read original story ...)
Three lessons every entrepreneur needs to learn about doing business in China
But for outsiders who succeed, the business lessons can be life-changing. I moved to Shanghai with my wife in 2005, with the idea of starting an online eyewear business. I discovered the Wild West in the Far East. For other entrepreneurs, here’s what I ... ( read original story ...)
Bitcoin slides as China’s central bank launches checks on exchanges
Separately in Shanghai, the PBOC said it visited BTCC, noting its checks “focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses ... ( read original story ...)
Shanghai Disney expands talent pool
The Shanghai Disney Resort, which runs Walt Disney Co's latest theme park, is expanding its talent pool by partnering with local educational institutions. The House of the Mouse will enter into agreements with 10 universities, colleges and vocational ... ( read original story ...)
Shanghai attracts $18.5 billion in overseas investment in 2016
According to official figures released by the Shanghai Municipal Commission of Commerce on Sunday, overseas investments in the city's service sector exceeded $16.3 billion, a year-on-year increase of 2.5 percent. Of theses, the rental and business service ... ( read original story ...)