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09/07/2025
The central parity rate of the Renminbi against the US Dollar is reported at 7.1541 yuan.
Latest
2 m ago
The main contract of China's INE crude oil futures has just broken through the 520.0 yuan/barrel mark, with the latest price at 520.1 yuan/barrel, up 2.00% on the day.
2 m ago
Xinning Logistics: Currently, the cooperation with BYD mainly involves warehousing, logistics, and transportation of automotive spare parts, and does not yet involve the transportation of complete vehicles.
3 m ago
AI Companies like Manulife have established digital technology companies with AI business.
3 m ago
According to CNBC, three sources familiar with the matter revealed that Starbucks China has attracted multiple bids for a potential equity sale, with the coffee chain's valuation reaching as high as $10 billion. The sources stated that nearly 30 private equity firms from China and abroad have submitted non-binding offers, with proposals currently on the table valuing the business at between $5 billion and $10 billion. One source suggested that given Starbucks' market value of around $108 billion and the fact that its China operations contribute over 8% of global revenue, a reasonable valuation would be around $9 billion. The sources mentioned that Starbucks is currently evaluating bidders' offers, transaction structures, and post-sale value creation plans before selecting potential buyers. They indicated that the selection process may be completed within two months, but the entire transaction is unlikely to be completed by the end of this year. An individual familiar with the transaction process suggested that Starbucks may retain 30% of the equity, with the remaining equity divided among a group of buyers, each holding no more than 30%.
3 m ago
Lisheng Sports establishes two new e-commerce companies in Shanghai.
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