Seizing domestic travel spend will be key but brands must also improve their clienteling, create exciting events to make local retail more attractive and ignite demand in lower-tier cities. ( read original story …)
Monthly Archives For February 2021
Fanatics pairs with Hillhouse Capital to start $1 billion sports retail unit in China
Specific terms of the partnership were not provided, but one of the people told CNBC that Fanatics expects the “venture alone to be over a $1 billion piece of business in China.” As Fanatics continues…
$6.2 billion startup Fanatics is getting into China with an influential partner. It could be a $1 billion move.
Fanatics, a $6.2 billion startup that sells licensed sports gear, getting into China through a partnership with Hillhouse Capital. ( read original story …)
China Posts Impressive Economic Recovery, but Can Growth Continue?
China’s economic recovery is notable, some analysts say, after suffering serious pandemic-driven setbacks for the majority of last year. By most accounts, China’s economic numbers at the start of its … ( read original story…
China approves two more domestic COVID-19 vaccines, increasing number to four
China’s National Medical Products Administration said on Thursday that it had approved two more COVID-19 vaccines for public use, increasing the number of domestic vaccines approved in China to four. ( read original story …)
The US accused China of forcing American diplomats to take anal swab tests for COVID-19
A State Department representative told Vice the US complained to China after learning some diplomatic staff members were made to do anal swab tests. ( read original story …)
All about Allbirds, sustainable shoe brand and Silicon Valley’s favourite footwear that could be looking at an IPO
San Francisco-based Allbirds turned earth-friendly wool sneakers into a legit product category. Now it has big plans ahead to impress investors ahead of a potential IPO. ( read original story …)
Study: China’s Attempt to Curb Wuhan Coronavirus Spread Cut Other Types of Deaths
A new study published in the BMJ has revealed that the number of deaths in China—excluding the coronavirus epicenter of Wuhan—slightly contracted during the first three months of 2020 … ( read original story …)
China claims to have eliminated poverty, but the figures mask harsh challenges
Chinese leader Xi Jinping’s declaration of “complete victory” over extreme poverty was met with some derision. ( read original story …)
China approves two COVID-19 vaccines from Sinopharm’s affiliate, CanSino
China’s National Medical Products Administration said on Thursday that it has approved two more COVID-19 vaccines for public use. The two vaccines are made by CanSino Biologics Inc and Sinopharm’s … ( read original story…
In China, an Electric Car Maker Loses Money but Thinks Big
Nio can tap an extensive supply chain that Beijing has built to achieve its dream of dominating the manufacture of electric cars. ( read original story …)
Amb. Nikki Haley: Biden should boycott China’s Winter Olympics next year
If the United States had known what Nazi Germany would become, would we have participated in the 1936 Berlin Summer Olympics? This is not a historical head-scratcher. The answer bears directly on next … (…
Former exec at China’s Kuaishou arrested for alleged graft
A former vice-president of Chinese online short-video sharing firm Kuaishou has been arrested for alleged corruption, the company said on Thursday, as executives from Chinese tech giants come under … ( read original story …)
