ZhongAn may be betting on property rebound with Shanghai office buys
The online insurer has agreed to purchase two office buildings in Shanghai’s iconic Bund area amid signs that China’s commercial property market may have hit bottom Key Takeaways: ZhongAn has…
PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?
Juicy margins set Zhongmiao apart among stodgy insurers
The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways:…
ZhongAn weathers feeble economy with business from online shoppers, travelers
The digital insurer posted solid gross written premium growth for January and all of 2023, likely on the back of its popular insurance products for online shoppers and travelers Key…
CHINA BULLETIN: More Sagging Exports and Deflation, but an Import Surprise
In this week’s issue an import surprise, Nio slims down and Hong Kong investors to feast on Sichuan-spicy hot-and-sour noodles.
What Chinese companies can learn from Shein on managing U.S.-China tensions – Part 2
The online fast-fashion sensation is part of a growing group of Chinese companies finding middle ground in Singapore to balance the world’s two major superpowers This is the second part…
NEWS WRAP: OneConnect’s losses narrow as cost cuts offset revenue decline
The provider of technology products and services to banks and insurers blamed a “lagging” business recovery for its 14% revenue decline in the three months to June By Doug…