PODCAST: European businesses glum on China, and AstraZeneca weighs spin-off for Chinese unit
The latest annual survey by the EU Chamber of Commerce in China shows revenue fell for more European businesses’ China operations last year. Is this a watershed moment for China’s economy, showing the days of western enthusiasm for investing in the country will never return to pre-covid levels? And AstraZeneca has become the latest major company to weigh a potential spinoff of its China unit. Is this the beginning of a trend?
PODCAST: Alibaba and JD.com break up, and China’s growing love affair with Saudi Arabia
Alibaba announces a plan to split into six parts, and JD.com says it’ll spin off its commercial and real estate arms. And Saudi Arabian announces two new multibillion-dollar oil refining investments in China.
Will JD.com’s New Spinoffs Ease Anti-Trust Concerns? Only Time Will Tell
China’s No. 2 e-commerce company has announced plans to spin off its industrial and property units, but will retain majority control of both for strategic reasons Key Takeaways: JD.com has…
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