Welcome to the 29th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors.
This week, we take a look at China’s trade figures for October, which remained strong in both exports and imports. We hear good news from China’s Twitter-like microblogging platform Weibo, whose profit tripled to a record $101.1 million in the third quarter. We learn the latest from Chinese smartphone companies, as Oppo gained ground on Huawei and tried to reclaim the title of top dog in the world’s largest market. We explore the news that shares of China Literature, Tencent’s online publishing unit, doubled in price during their Hong Kong debut last week. We take a deep dive into a story about Guizhou Dongjiu, a Chinese liquor-maker that is facing accusations of illegally misleading consumers after it cited a study suggesting that its products have health benefits. We analyze Trump’s first state visit to Beijing, during which China said it has “mapped out a new blueprint” with the U.S. to remain partners, as opposed to rivals.
In addition, we speak with Caixin senior editor Doug Young to get a better grasp of Trump’s state visit and its significance in U.S.-China relations. We also talk about Kentucky Fried Chicken, as the chain celebrated its 30th anniversary in China last week.
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