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RETAIL: Quirky Conglomerate Sanpower Joins Bidding for McDonald’s
Bottom line: Sanpower’s bid to become McDonald’s main China franchise partner looks like a long-shot, and China Resources or Beijing Capital Agribusiness are the most likely to emerge as winners in a...
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IPOs: Postal Bank Eyes $10 Bln, Yum China Seeks Backers
Bottom line: Postal Savings Bank’s IPO is likely to get a moderately strong reception and come close to the upper end of its $10 billion target, while Yum China’s IPO is unlikely to come until the end...
View ArticleChina News Digest: July 28, 2016
The following press releases and news reports about China companies were carried on July 28. To view a full article or story, click on the link next to the headline....
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MULTINATIONALS: China Patriots Back at Work in Apple, KFC Protests
Bottom line: Recent calls for boycotts of KFC, iPhones and McDonald’s by Chinese patriots are unlikely to result in long-term damage for any of the companies, but could become a problem if any of...
View ArticleChina News Digest: August 5, 2016
The following press releases and news reports about China companies were carried on August 5. To view a full article or story, click on the link next to the headline....
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IPOs: Yum Picks Financial Partners Primavera, Ant for China Spin-Off
Bottom line: Yum’s selection of Primavera and Ant Financial to anchor its China unit spin-off look like reasonable choices, as it tries to put the business back on solid footing before a New York IPO...
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RETAIL: Yum, McDonald China Spin-Offs Advance, Offer New Template
Bottom line: Yum and McDonald’s are likely to complete spin-offs of their China units by year end, offering a new business template for multinationals that should be encouraged with incentives from...
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IPOs: Yum China Nears NY Debut, Merchants Securities Lists in HK
Bottom line: Yum China’s new stock will post moderate gains of 3-6 percent when trading begins on November 1, while Merchants Securities’ IPO shares will price in the middle of their range and debut...
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RETAIL: New Yum China Eyes Big Store Growth Amid Tepid Profits
Bottom line: Yum’s China operation could see profit growth accelerate as it steps up its expansion by moving to a more franchise-oriented model, providing a boost for its newly listed stock over the...
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RETAIL: Yum China Looks Flat in Maiden Report
Bottom line: Yum China’s maiden quarterly report and $300 million share buyback program highlight a company that needs to move more aggressively and take more risks to regain its footing after being...
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RETAIL: Yum Delivers, Starbucks and McDonalds Devour E-Payments
Bottom line: Yum’s purchase of a high-end take-out delivery service looks smart in targeting a higher margin, niche product in the competitive space, while McDonald’s and Starbuck’s rapid growth in...
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