A co-founder of Chinese food delivery giant Meituan sold 2 million of his Hong Kong-listed shares in the company on Monday, cashing out about HK$344 million (US$44.3 million) amid a recent rally in Chinese stocks. Mu Rongjun, an executive director and senior vice-president at the Beijing-based on-demand delivery firm, sold the shares at a price … Read more
Move over, Pokémon Go. A new collecting craze is taking over Chinese social media, with the most coveted finds not digital critters but… mushrooms. Morels, black tiger palm mushrooms, milk-caps, blackening brittlegill, termite mushrooms and matsutake are just some of the species for which young fungi fans have been foraging across the country, before posting … Read more
Internet investing firm Prosus NV has fully cut its stake in Chinese online travel agency company Trip.com in a US$743 million block trade, according to people familiar with the matter, becoming the latest international investor to exit a Chinese tech company. Prosus sold 14.5 million shares in Trip.com at US$51.40 each in a block trade … Read more
US digital payments platform PayPal is stepping up efforts to support Chinese cross-border merchants with the launch of new services in Shenzhen, tapping into booming exports from the country despite economic headwinds. PayPal’s China business recorded double-digit growth in the past year, Hannah Qiu, senior vice-president and China CEO of PayPal, said at a company … Read more
On a film set that resembles the medieval castle of a Chinese lord, Zhu Jian is busy disrupting the world’s second-largest movie industry. The 69-year-old actor is playing the patriarch of a wealthy family celebrating his birthday with a lavish banquet. But unbeknown to either of them, the servant in the scene is his biological … Read more
That could all be true. But might there be a small possibility that some Chinese people are also simply growing out of their obsession with Western luxury brands, just like how I outgrew my obsession with jeans? I vividly remember the first time I saw a pair of blue jeans. I was still in secondary … Read more
As the female winemaker who put Chinese vintages on the map for the first time, Zhang Jing of winery Helan Qingxue is a trailblazer, but no anomaly. From the dusty vineyards of China’s countryside to its chic metropolitan bars, women are at the forefront of the country’s increasingly vibrant wine scene, spurring innovation at every … Read more
From the fallout from the Lebanon pager blasts to Bali tightening tourism rules, here are a few highlights from SCMP’s recent reporting. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to … Read more
Bookseller Yu Miao wanted Jifeng Bookstore in Shanghai to be a place for public discussions, with talks on topics from social issues to constitutionalism and religion. “But some topics are considered taboo and sensitive to discuss in public spaces,” he says of the store that was effectively forced out of business in China in January … Read more
Brand new Mercedes, state-of-the-art 4x4s, even Teslas: high-end modern cars have started appearing in the Cuban capital Havana, a city whose image is intricately linked to the numerous classic American sedans and Soviet-era Ladas that cruise its streets. The influx has come despite a biting economic crisis on the communist island, where the average monthly … Read more
