It acquired a 20 percent stake in the label, founded by Central Saint Martins alumni Gong Li, for 10 million renminbi, or $1.57 million.
Monthly Archives For March 2022
Revenue of China’s top liquor brand exceeds 100b yuan in 2021
China’s leading liquor maker Kweichow Moutai reported Thursday that its operating revenue reached 109.5 billion yuan ($17.2 billion) in 2021, up 11.71 percent year-on-year. It also saw its profit rise …
China reports 1,803 new local COVID-19 cases in last 24 hours
Of the new local infections, 1,340 were reported in Jilin, 355 in Shanghai, 19 in Heilongjiang, 15 in Henan, and 11 each in Fujian and Guangdong, Xinh..
Today’s coronavirus news: China reopens one city as Shanghai lockdown enters 2nd phase
6:21 a.m. The city of Shanghai prepared Thursday to reopen its eastern half and shut its western half, while authorities elsewhere announced the lifting of a citywide lockdown in the province hit …
Coronavirus China: Shanghai cleaner sleeps four overnights in public restroom in Covid-19 lockdown, cleans facility for residents with no private toilets
The woman became something of a local hero as she managed to keep the public toilet in good condition in a compound that has flats with no private toilets But she compared the ordeal to…
China reopens one city as Shanghai lockdown enters 2nd phase
The city of Shanghai is preparing to reopen its eastern half and shut its western half, while authorities elsewhere are lifting a citywide lockdown in the province hardest hit by China’s ongoing omicr …
Leader of tiny Solomon Islands says concern over closer ties with China “very insulting”
The small but strategic South Pacific island nation is forging a new security pact with Beijing – a growing alliance U.S. allies in the region call “gravely concerning.” …
Covid, Russia and Economy Put the ‘China Model’ to the Test
With China’s prosperity and global standing seemingly at risk, some are wondering — aloud — whether the country is on the wrong track.
Ukraine casts long shadow over E.U.-China relations in upcoming summit
The E.U. is expected to pressure China over its support for Russia, while Beijing is said to be dismayed with the bloc’s backing of the U.S. position on the war in Ukraine.
China Says it Opposes U.S. Putting Its Firms on Security List
China said it firmly opposes the U.S. adding Chinese firms to a list of companies deemed a threat to national security, warning the move seriously violated international economic and trade rules.
Construction of China’s “City of Future” in full swing
Chen Lixin, a digital intelligence innovation manager with China Mobile, has worked in Xiong’an for over three years, witnessing the city from a blueprint to reality. Dubbed China’s youngest city and …
How China Is Using AI, Big Data To Fight COVID
The coronavirus has now reached 56 other countries since it was first detected in China’s Hubei province in late December 2020.
Expect monetary and fiscal stimulus announcements from China in H2, says investment management firm
Catherine Yeung of Fidelity International says it’s expecting to see China’s central bank and its regulators “really coming in to support growth.” …