Thursday, April 19, 2018

Year of the Dog heralds shrinking bonuses for Chinese workers

Year of the Dog heralds shrinking bonuses for Chinese workers

The Year of the Dog may be barking less cheer for China’s white collar workers, who have received their lowest year-end bonuses in three years – despite a nearly 7 per cent increase in the country’s GDP.  The average year-end bonus for mainland Chinese workers reached 7,278 yuan (US$1,147) in 2017, compared with 12,821 yuan in…
WeWork to open co-working space in Hong Kong’s LKF Tower and eight more Chinese cities

WeWork to open co-working space in Hong Kong’s LKF Tower and eight more Chinese...

WeWork, one of the most valuable start-ups in the world at nearly US$20 billion, said it will expand its presence in eight more Chinese cities and bring the popular co-working space to Hong Kong’s bustling bar district of Lan Kwai Fong this year. The New York-based co-working space company last July received US$500 million in…
Cheap as hips: why Malaysia is the best place for Chinese to retire

Cheap as hips: why Malaysia is the best place for Chinese to retire

Iggy Ignatius needs little time to chew it over when asked what his favourite thing about Malaysia is. “We like the food here,” says the retired Indian businessman, who moved to the country with his wife Devi and has enjoyed the experience so much he plans to build a retirement resort in Kota Seriemas. He expects to complete…
Billionaire’s gamble on distressed US firm reflects growing confidence of Chinese investors

Billionaire’s gamble on distressed US firm reflects growing confidence of Chinese investors

Chen Tianqiao has placed one of the biggest wagers of his life. And it may finally be starting to pay off. Chen, through his Singapore investment firm Shanda Asset Management Holdings Limited, has accumulated a large stake in the struggling Tennessee company Community Health Systems. Between early 2016 when Chen first bought shares of the…
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