Tencent has pulled the massively popular PlayerUnknown’s Battlegrounds mobile game in China, migrating gamers over to the less-catchy Heping Jingying, or Elite Force for Peace. The switchover comes as Tencent has failed to win commercial licences for many of its most popular games in China, such as PUBG. Despite becoming Tencent’s first big hit […]

Alibaba, the Chinese ecommerce group, is overhauling the business model of a fast-growing subsidiary in a bid to offer a full international service able to challenge Amazon, the world’s largest online retailer. Trudy Dai, president of Alibaba’s wholesale marketplaces division, told the Financial Times that AliExpress — an ecommerce business […]

Chinese stocks fell to their lowest level in two months on Wednesday as investors weighed the odds that the US would follow through on a threat to increase import tariffs on all goods from the country. The CSI 300 index of Shanghai- and Shenzhen-listed equities shed as much as 2.1 […]

Donald Trump is again feeling belligerent towards China, and his harsher tone appears to have been encouraged by the unexpected strength of the US economy and stock market, which gives the president some leeway to fuel trade strife. As he prepares to meet Chinese negotiators in Washington on Thursday, Mr […]

Global stocks were unnerved on Tuesday, as the White House’s threat to intensify its trade war with China reverberated around markets and a sharp reduction to economic forecasts from the European Commission chimed with the darkening mood. The S&P 500 fell 0.7 per cent at the New York open, having […]

Coffee chains are fighting five millennia of heritage in China. According to legend, tea-drinking started in 2737 BC when leaves blew into an emperor’s cup of boiled water. Starbucks and local rival Luckin want to rewrite local tradition in favour of newfangled coffee. To fuel expansion, the Chinese café group […]

The London Metal Exchange is in talks with authorities in southern China to open its first metal warehouse in the country, a move that would be a significant step in its plan to enter China’s domestic market. Charles Li, head of the Hong Kong stock exchange, said the exchange was […]

Senior US officials accused China of backtracking on its pledges in talks to end the trade war between the world’s largest economies and said a new round of tariffs on Chinese exports would take effect on Friday morning. Despite the stinging criticism directed at President Xi Jinping’s trade negotiators, China’s […]

US president Donald Trump rattled markets on Monday with his latest threat to ratchet up tariffs on China. Is this the beginning of a renewed, broader bout of financial turbulence, or a mere blip in the roaring 2019 bull run? After the bounceback of early 2019, Mr Trump’s vow to […]

Senior US officials accused China of backtracking on its pledges in talks to end the trade war between the world’s largest economies, raising the risk of a collapse in the negotiations between Washington and Beijing. In a briefing on Monday, Robert Lighthizer, the US trade representative, and Steven Mnuchin, the […]