World Cup 2018, brought to you by China
The scandal-hit international governing body of soccer, the Fédération Internationale de Football Association (FIFA), has recently found financial relief thanks to Chinese sponsors. The Financial Times reports (paywall) that the consumer electronics group Hisense (海信集团 hǎixìn jítuán) yesterday signed an agreement to sponsor FIFA’s 2018 World Cup for around $100 million. Hisense is the second major Chinese company to partner with FIFA. Dalian Wanda, the real estate and entertainment conglomerate run by billionaire Wang Jianlin, agreed last month to sponsor the next four World Cups.
Even amid trade tensions, Ford pushes pickup trucks in China / NYT (paywall)
Ford found that “Built Ford Tough” needs no translation in Chinese, and plans to roll out premium vehicles with the tagline in China this spring.
- China court orders Samsung units to pay $11.6 million to Huawei over patent case / Reuters
- The country where 70 percent of millennials are homeowners / BBC News