Adnan Salik

21 Added | 1 Magazine | 6 Following | @adnan31 | Keep up with Adnan Salik on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Adnan Salik”

Tesco faces tough times in China

Branded supermarkets including entire shopping centres fight against late entry to market behind Carrefour and WalMart<p>Expatriates can find teabags catering to western palates on Tesco's shelves in China, and even Newcastle Brown Ale in major cities such as Beijing. The firm has also sought to …

Tesco set to withdraw brand from China in new joint venture

UK supermarket in talks with China's biggest retailer, which means the Tesco name is likely to disappear from the country<p>Tesco is bringing its nine-year solo venture in China to an end at a cost of up to £1.5bn – making it the grocer's latest aggressive international expansion to unravel.<p>The …

Chinese tech firms Huawei and Rekoo to invest in UK

Telecoms equipment firm Huawei to pour £125m in R&D facility while social gaming company Rekoo will open base in London's Tech City<p>Chinese telecoms equipment firm Huawei and the country's largest social gaming company Rekoo have pledged to create hundreds of technology engineering jobs in the …

China's Google Is Now Accepting Bitcoin

Jaisule is the firm's firewall and DDOS protection service. The service essentially protects websites from malicious attacks that attempt to crash it by overloading it with external communications requests so that it cannot respond to legitimate traffic. A similar US-based service is …

Bitcoin

Alibaba IPO could raise $18B-$25B on $110B valuation, company’s growth ‘meteoric’

Rumors of an impending Alibaba initial public offering continue to sweep the Internet, and private company intelligence firm PrivCo just added fuel to the fire by flinging open the doors on its proprietary research on the Chinese company.<p>“Alibaba’s growth has been nothing less than breathtaking,” …

Starbucks Opens Its First Tea Bar As CEO Schultz Bets On $90 Billion Market

You heard it here first: the billionaire behind Starbucks is watching his caffeine intake. Howard Schultz, CEO of the java giant, won’t drink coffee after 5pm.<p>He’s more of a tea man these days, having taken a liking to the Maharaja Chai Oolong blend sold at Teavana, the mainly mall-based tea …

Lei: Xiaomi to enter the US 'only after ample preparations'

Lei Jun and Hugo Barra of Xiaomi, the Chinese phone maker that’s caught the attention of the international tech industry, sat down for a live chat …

App Annie CEO Bertrand Schmitt on starting up in China, scaling, and new funding

<i>Matthieu David is founder and CEO of Daxue China Market Research, a China-based market research firm focusing on China. Matthieu has been living in</i> …

Luxury Brands In China Face Four Major Challenges

As the Chinese state media’s recent <br>attack on Starbucks’ coffee pricing in Chinademonstrates, the business environment for a foreign company in the …

China

China’s Qunar raises $167M IPO, share price doubles on first day of trading

Chinese travel booking service Qunar went public on the NASDAQ today and its shares nearly doubled during the first day of trading.<p>Qunar raised $167 million in the initial public offering. Shares started out at $15 a piece and surged to as high as $34.99 over the course of the day.<p>Qunar, which …

General Motors Ramping Up The Cadillac Brand in China

General Motors aims to make Cadillac the next big status symbol in China, following up on the success of its Buick brand, which is a far bigger seller in China than the United States.<p>“We have talked in length about the plans with Cadillac in China,” said GM CFO Dan Ammann, in an Oct. 30 conference …

What China’s $5 billion shopping day for singles looked like today

A Chinese holiday to celebrate being single has turned into one of the world’s largest online shopping events. Today, millions of unattached Chinese took advantage of online shopping specials tailored for them—travel deals for lone travelers, single-serving rice cookers, boyfriend pillows, and …

China

China announces a new plan to protect the people—on Twitter, which they can’t read

Soon after China’s “Third Plenum,” a four day meeting of the highest-ranked officials in the Communist Party, ended today, details about the meeting started to trickle out. Many of them were vague, like statements that China planned to “deepen reforms” and establish a “service orientated” …

China

$4.1mln missing after Bitcoin trade site in China goes dark

Chinese Bitcoin exchange website GBL seems to have fallen off the face of the planet, along with RMB 25 million ($4.1 million) of its users’ money, …

Connecting Asia's startup ecosystem

Sina Weibo making more money than ever, ad revenue up 125%

Sina Weibo, China’s Twitter-like social network, posted more big gains in Sina‘s (NASDAQ:SINA) Q3 2013 report (article in Chinese). Weibo advertising …

China's flirty Momo app chats up 80 million users

The China-made find-and-flirt app Momo has reached 80 million registered users. It’s another big milestone for the app since it launched in September …

China's biggest video sites sue Baidu for $49 million

This afternoon, more than a dozen of China’s biggest online video providers including Youku (NYSE:YOKU), LeTV (SHE:300104), Sohu (NASDAQ:SOHU), and …

How China Profits From Our Junk

In this excerpt from the forthcoming Junkyard Planet, author Adam Minter explores China's central role in the world's vast global recycling trade.<p>China’s reputation as the “world's factory” is well-established. But what happens to everything the world throws away? Since 2002, the Shanghai-based …