China International Capital Corp (CICC) is set to reduce bonuses for dealmakers by as much as 40% in response to the Chinese government's push to narrow income disparity, according to three sources with direct knowledge of the situation. This significant reduction marks one of the financial sector's most substantial cuts in the past two years.
China International Capital Corp (CICC) is set to reduce bonuses for dealmakers by as much as 40% in response to the Chinese government's push to narrow income disparity, according to three sources with direct knowledge of the situation. This significant reduction marks one of the financial sector's most substantial cuts in the past two years.
Tencent-backed online grocery delivery platform operator MissFresh raised additional capital of around $495 million after closing its latest funding round.
Tencent-backed online grocery delivery platform operator MissFresh raised additional capital of around $495 million after closing its latest funding round.
