Hints and tips:
...“Shein is finding its merchant lock-in has been less robust than expected in light of Temu’s advances,” said Robin Zhu, an analyst at Bernstein....
...People close to the dealmaker believe his detention is linked to his former lieutenant Cong Lin, who Bao hired away from state-owned ICBC International in 2020....
...China Renaissance has been in turmoil since September, when group president Cong Lin was detained by Chinese authorities....
...China Renaissance executive Cong Lin was detained in September last year not long after the Shanghai branch of China’s securities regulator called in Cong for a “supervisory discussion” about alleged violations...
...Unlike many Chinese people of her generation, Zhu Xiangjuan does not believe in saving money, nor does she like formal schooling....
...target — that would usually come during China’s annual parliamentary meeting in March — economists believe the government could target 5 per cent again, which would be “challenging but deliverable”, said Zhu...
...A week after China Renaissance revealed it was “unable to contact” Bao in February, the bank said he was co-operating in an investigation. The probe also involves the group’s former president Cong Lin....
...Wang’s travel freeze follows the months-long disappearance of tech sector dealmaker Bao, founder of investment group China Renaissance, and of Cong Lin, another of its former senior executives....
...The turmoil at the bank began in September when the group’s president, Cong Lin, was taken away by Chinese authorities, according to Caixin....
...In September, China’s securities regulator called in Cong Lin, the bank’s president and head of its securities unit, for a “supervisory discussion”....
...On Friday, vice-minister of finance Zhu Zhongming said the government needed to increase fiscal support for the economy and would reduce taxes on small companies....
...Cong Lin, a figure instrumental in that deal, later joined China Renaissance in 2020 and was until recently its president and head of its securities unit....
...He has been banned from leaving mainland China, a move connected to the investigation into tech dealmaker Bao Fan, said people familiar with the matter....
...The group’s president, Cong Lin, was taken away by Chinese authorities in September, according to financial news outlet Caixin....
...They include Cong Lin, who previously led the leasing department at Industrial and Commercial Bank of China, the world’s biggest bank....
...Additional reporting by Wang Xueqiao in Shanghai and Andy Lin and Hudson Lockett in Hong Kong...
...Additional reporting by Wang Xueqiao in Shanghai and Andy Lin in Hong Kong...
...Others close to Bao believe his disappearance could be tied to Cong Lin, the well-connected ex-ICBC banker and former president of China Renaissance, who was detained by authorities for a “supervisory discussion...
...Nearly $50bn has been wiped from the combined market value of the property developers owned by the four families since April 2019, the FT’s Chan Ho-him, Primrose Riordan and Andy Lin report....
...In the case of the BYD investigation, Bao Hang, a project leader at Greenpeace East Asia who focuses on the EV sector, said complaints were likely to stem from the use of paints that emit volatile organic...
...A month earlier, Bao Fan, China’s top tech dealmaker, disappeared before turning up in state custody a week later....
...Data and visual journalism by Andy Lin in Hong Kong...
...We walked among the neat rows of vegetables, Zhu pulling up a few loose heads of bok choy and laying them in his basket....
...Then comes the main dish: chicken nuggets, served with maple waffles and a Chinese-style bao bun....
...Robin Zhu of Bernstein Research said that while the market may read the fine as the “worst is over” moment for Alibaba’s shares, the longer-term and larger issue was growing competition in ecommerce....
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