United States

Robyn Mak

Mar 08 2017

U.S. tech sanctions will rattle China's firewall

HONG KONG (Reuters Breakingviews) - China has been giving fair warning. Telecoms equipment maker ZTE has agreed to plead guilty for violating U.S. export controls. The charges could have been more severe and the $892 million fine is manageable for the $9 billion company. More powerful is the message: the new U.S. administration is prepared to take action against corporate giants to rein in troublesome nations.

Mar 02 2017

Market delivers crazy love letter to China's FedEx

HONG KONG (Reuters Breakingviews) - Stock-market investors have sent a love letter to China's FedEx. A rally in the newly listed firm behind SF Express makes boss Wang Wei one of China's richest men. At roughly $40 billion, his company is now worth nearly as much as Deutsche Post. That looks like an overreaction, driven by hype over e-commerce and a shortage of tradable shares.

Feb 28 2017

China's soccer frenzy has early signs of fatigue

HONG KONG (Reuters Breakingviews) - Fatigue may be setting in for some Chinese soccer investors. LeEco has just lost the rights to screen top Asian matches. The cash-strapped group, led by hyperactive entrepreneur Jia Yueting, has unique problems. Still, some others have probably over-stretched too.

Feb 27 2017

China's unicorn shortcut sidelines IPO reform 

HONG KONG (Reuters Breakingviews) - China may have another way to get around IPO reform: luring tech unicorns with easier listings. The securities watchdog is mulling faster IPO approvals for big tech names. Letting Jack Ma's Ant Financial, last valued at $60 billion, jump the queue may convince other entrepreneurs to list at home, eschewing venues in New York and Hong Kong. But this would be a poor substitute for meaningful reform.

Feb 10 2017

Apple sows seeds for India iPhone awakening

HONG KONG (Reuters Breakingviews) - Apple is planting the seeds for India's iPhone awakening. The $695 billion company is nearing a deal to assemble its iconic phone in Karnataka, a southwestern state in one of the world's fastest growing handset markets. That would help lower retail prices and boost potential sales at a time when the Cupertino-based firm is losing its footing elsewhere in Asia.

Jan 23 2017

Foxconn's $7 bln U.S. bet goes beyond politics

HONG KONG (Reuters Breakingviews) - Foxconn's $7 billion U.S. bet goes beyond politics. Building a huge TV-screen factory in America would fit neatly with President Donald Trump's push to create domestic jobs. Grabbing a share of the U.S. market could also help the Taiwanese iPhone maker revive recently acquired subsidiary Sharp.

Jan 19 2017

Samsung leads Elliott outside its comfort zone

HONG KONG (Reuters Breakingviews) - Samsung Group is leading U.S. hedge fund Elliott away from its comfort zone. A national corruption scandal and the unclear fate of the group's de facto leader Jay Y. Lee cast uncertainty over the investor's second big showdown in South Korea and most high-profile bet in Asia.

Jan 17 2017

LeEco's $2 bln rescue rewards bad habits

Hong Kong (Reuters Breakingviews) - LeEco's rescue is rewarding bad habits. Hong Kong-listed property developer Sunac China is ploughing funds worth more than half its market value into the sprawling and overstretched TVs-to-electric cars group led by billionaire Jia Yueting. The partnership makes Jia's earlier pledge to slow down sound unconvincing, and could lead Sunac astray too.

Dec 23 2016

Chinese cinema will have a rosier plot in 2017

HONG KONG (Reuters Breakingviews) - The plot should improve for China's silver screen in 2017. Ticket sales are on track to grow at their slowest pace in a decade in 2016, to a bit more than $6 billion. The picture could then brighten as a promising slate of films wins back moviegoers and investors.

Dec 15 2016

Hong Kong gets temporary face-lift from selfie IPO

HONG KONG (Reuters Breakingviews) - Hong Kong has modestly burnished its financial-centre credentials with beauty-app Meitu's $629 million listing, the biggest tech deal in a decade. Other Chinese entrepreneurs are watching intently. But Hong Kong's lacklustre aftermarket may still send mainland unicorns galloping to New York.

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