Alibaba Team Holding’s e-commerce logistics arm has filed an preliminary prospectus for an initial public supplying in Hong Kong. Cainiao Sensible Logistics Network has appointed Citigroup, Citic Securities and J.P. Morgan as joint sponsors for the presenting, according to the prospectus submitted Tuesday. Cainiao was launched by Alibaba BABA, -1.50% […]

China’s industrial financial gain jumped in August, whilst the drop in profit for the to start with eight months eased, many thanks to wide-dependent improvement in profitability, formal facts showed Wednesday. Month to month industrial financial gain rose 17.2% from a yr previously in August, rebounding from the 6.7% fall […]

Costco Wholesale Corp.’s economic main confident analysts late Tuesday that theft hasn’t been a dilemma about the earlier year, immediately after the membership warehouse chain claimed quarterly final results that topped Wall Street expectations. Costco Cost, -1.01% claimed fourth-quarter net revenue of $2.16 billion, or $4.86 a share, when compared […]

China’s two-decade development surge prior to COVID was considerably aided by three forces — the liberalization of land improvement, accelerated urbanization and greater homeownership entry into the WTO and ensuing foreign financial commitment, and industrial procedures that designed global rivals in following-generation industries. To varying degrees, all of these forces were created on shaky fiscal foundations. For land […]