McKinsey & Co conducted a study on China’s economic growth and determined that Beijing’s efforts to shift from export to private consumption will be the primary driver through 2020, representing 43% of all growth by that year as opposed to 26% at present.
Continuing our exploration on where to invest in 2012, we turn to the broadband sector — one of three sectors that should grow in 2012.
China’s version of Groupon — the leading daily deals website in the United States — plans to raise up to $100 million in an initial public offering on the Nasdaq. Traders are hoping the IPO goes well, but there are plenty of clouds on the horizon.
Chinese companies with U.S. equity listings saw their shares plummet Thursday on news a federal criminal probe has been opened into allegations of accounting irregularities at many China-based companies.
Indian tech giant Wipro is reportedly talking about selling U.S. data centers to exit “non-core” operations. This may free up cash, but may only put them farther behind in the cloud computing revolution.
Revenue of publicly traded Chinese Internet companies rose 39% in the second quarter.