AP/Emily Wang The Chinese yuan has been sinking to fresh lows versus the dollar. The People’s Bank of China has tolerated the depreciation beyond its own stated exchange-rate policy. But analysts say yuan depreciation as a tool in a trade war would be too costly. Follow the Chinese yuan in …
Read More »Xiaomi, the so-called ‘Apple of China,’ just recorded $1 billion in quarterly loss ahead of its $10 billion IPO
REUTERS/Edgard Garrido The Chinese smartphone maker Xiaomi recorded a quarterly net loss of $1.09 billion USD. The news comes ahead of the company’s IPO, which is expected to raise $10 billion according to sources. The IPO could be the largest global listing in almost four years. Chinese smartphone maker Xiaomi …
Read More »