Daily archives: August 8th, 2016

LeEco buys Coolpad, Jia Yueting being Coolpad’s chairman

Chinese online video platform LeEco announced on Aug 5 that its founder Mr. Jia Yueting has been appointed as the domestic smart-phone manufacturer Coolpad’s new chairman of the board. Up to now, LeEco has held…


Fints evening highlights (8 August 2016)

China aims to have 100 million rural people settled in towns and cities by 2020, according to a statement issued by the State Council Chinese iron ore imports rose 8.3% to 88.4 million tonnes in…


Car-hailing market ushers large changes for different companies

Following Didi Chuxing’s announcement on its merger with Uber’s China operations (See Article: Didi Chuxing acquires Uber China in $35 billion deal) and the new nationwide regulations concerning ride-hailing services being released (See Article: China…


China’s yuan-denominated exports rose 2.9% YoY in July, imports fell 5.7%

China’s exports denominated in yuan rose 2.9% in July from a year earlier, but yuan-denominated imports fell 5.7%, customs data showed on Monday, reflecting the country’s domestic demand remains weak. The figures compare with a…


China stock market roundup (8 August 2016)

China’s stock market closed higher on Monday, with main indexes climbing in the late-morning trading after official data showed China’s exports denominated in yuan rose 2.9% in July from a year earlier, but yuan-denominated imports…


Midea, Gree Scramble for Air-Conditioner Projects in Rio Olympics

The competition between Midea and Gree, two of China’s major home appliance producers, has recently escalated in Rio Olympics, both showing strong ambitions in their overseas brand promotions, according to a report from Securities Daily…


Fints Lunch Tray (8 August 2016)

China will accelerate the reform on its individual tax income tax in the second half, and experts suggest cutting tax rates:  Economic Information Daily China’s real estate investment growth rate will be lower than 5%…


FINTS MORNING BRIEF (8 August 2016)

China’s foreign exchange reserves in July slightly fell $4.1 billion to $3.2 trillion China July gold reserve rose $1.5 billion to $78.9 billion The National Development and Reform Commission plans and prepares to inject social…