Edition:
United States

Ethan Bilby

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Nov 04 2014

Xiaomi’s upward valuation hike hard to justify

A new funding round could give the Chinese smartphone group a valuation of $50 billion - five times its mooted price last August. That suggests a valuation comparable to tech giant Apple. While Xiaomi is growing fast, it lacks its U.S. rival’s dominance or innovation.

Nov 03 2014

Macau’s casinos worryingly reliant on high-rollers

A drop in big spenders could push Macau gambling revenue to its first annual drop on record. Forecasts for next year still seem too optimistic. If VIP gamblers shrink in number, the likes of Galaxy Entertainment and Wynn Macau would be especially hard hit.

Oct 29 2014

Train merger could be China’s ticket to elite club

Coupling together two big train-builders into a domestic monopoly sounds like a step backwards. But it would help China better compete against an oligopoly of big, rich-world rivals. For a growing superpower, that probably seems a good enough reason to bend the market norms.

Sep 25 2014

Sinopec’s petrol station revamp is an uphill job

The Chinese oil giant wants to sell more from its 23,000 pump-side stores. But even if non-fuel sales rise sixfold, the unit won’t be worth a lot more than the $58 billion valuation put on it by outside investors. Breakingviews’ calculator spells out the scale of the challenge.

Sep 09 2014

China smartphones set to pick off global giants

Home-grown manufacturers dominate in the People's Republic, shipping three in four phones in the quarter ending June. In the rest of the world, their share is less than 20 percent. Yet low costs are helping them dial in new emerging market customers. Global rivals face a fight. Read the view

Aug 21 2014

China Mobile’s foreign foray risks meagre returns

The dominant Chinese operator is using its $73 bln cash pile to hunt for growth overseas. The strategy has failed to create value for other telcos. Expansion may help to push Chinese technology, but rival governments may be wary about allowing China Mobile to take control.

Aug 19 2014

Sinopec petrol sale attracts a motley bunch

The Chinese oil giant is seeking investors for its vast network of filling stations. Retail, energy, technology and private equity groups are keen. With a price tag of $16 bln for a minority stake, they will have to club together. That will make it harder to exert influence.

Aug 05 2014

Microsoft’s China dream sorely strains credibility

After 22 years, it’s hard to believe how little the U.S. tech giant has achieved in China. The country looks to account for just 2 percent of Microsoft’s revenue. Cloud services and Xbox sales may multiply that. But an antitrust probe raises the cost of business - possibly too high.

Jul 28 2014

China throws weight around on car parts costs

The whiff of a price probe into vehicle parts was enough to bring concessions from luxury groups Audi and Jaguar Land Rover. That will hit profits, but experience shows in China it is better to admit guilt early than risk bigger fines, or lose access to a critical market.

Jul 25 2014

Qualcomm turns from predator to prey in China

Beijing has branded the US chipmaker a monopolist, even as its dominance, which rests on smartphone chips and 3G patents, may be sliding. If that weren’t enough, some Chinese customers aren’t paying their dues. As friction over US-China spying persists, things may only get worse.

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