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China Market Intelligence

Timely, relevant and actionable information and analysis on China

Live feed: #General

Daily Wrap: Foxconn Internet Arm Eyes A-share IPO, HNA Offloads Rezidor Stake, Gains Bank Support
Posted on Thursday December 14, 2017

Foxconn Industrial Internet (FII), a subsidiary of Taiwanese company Foxconn [2317:TT], or Hon Hai, is planning an A-shares IPO in Shanghai Stock Exchange (SSE). Earlier, a SSE official revealed its “New Blue Chip” initiative that seeks to attract more companies in new economy sectors and high-tech industries onto the bourse. Markets were down today. SHCOMP decreased 0.32% to 3292.44, SICOM went down 0.30% to 11,110.18, and CSI 300 lost 0.59% to 4,026.15. Hang Seng Index dipped 0.19% today to 29,166.38.

Live feed: #Finance

Tencent Cloud to Partner with Homelink
Posted on Friday December 15, 2017

Real estate agency Homelink (also known as Lianjia) signed a cooperation with Tencent Cloud, the cloud platform under Tencent [0700:HK], reported by people.cn on December 14. During their partnership, Tencent will utilize technologies including big data and AI to help Homelink on optimizing property transaction process, improving efficiency in housing transaction, and safeguarding its data history.

Live feed: #Tech

Landing.ai, Foxconn Partner on AI-based Manufacturing
Posted on Friday December 15, 2017

The former chief scientist of Baidu [BIDU:US] and co-founder of Google Brain, Andrew Ng, launches a new startup Landing.ai with Foxconn [2317:TT], according to Reuters on December 15. Ng said, Landing.ai had been approached by investors but had not yet accepted any investment from outsiders, while Foxconn is the first strategic partner Landing.ai cooperates with.

Live feed: #Consumer

Ford to Shift Midsize Sedan Production to China
Posted on Thursday December 14, 2017

According to Reuters on December 14, Ford Motor [F:US] plans to shift the production of midsize sedans of Fusion and Mondeo from Mexico and Spain to China by 2020. The company also said these cars will not be exported from China to Europe or the United States. In this year, sales of Fusion in US market dropped 22% while Mondeo sales in Europe fell by 21%.

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