Estée Lauder Cos. shares fell after the company reported another lackluster quarter and slashed its outlook for the rest of its fiscal year, citing continued sluggishness in its China business and …
Monthly Archives For November 2022
Chinese Fast Fashion Giant Shein Hires Former Bear Stearns Deal-Maker Ahead Of IPO
The company, which was reportedly valued at $100 billion earlier this year, is taking steps to go public as tensions rise between Washington and Beijing.
Shenzhen backed to ‘pioneer’ China’s national tax reform, sets off property alarm bells in Hong Kong
Ministry of Finance supports Shenzhen to undertake ‘major national tax reform and research’ as part of a plan to improve its fiscal system and debt management The development fuelled market …
Supply fears as China lockdown hits world’s largest iPhone factory
Foxconn plant in Zhengzhou, which which many workers have fled, now under seven-day Covid lockdown …
Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm
News on Tencent and China Unicom caused a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory approval …
Tencent, China Unicom get approval for joint venture
Tencent Holdings and state-owned telecommunications company China Unicom have received regulatory approval to set up a joint-venture company, a public document showed on Wednesday.
Beijing approves public-private JV between Tencent and China Unicom covering content delivery networks
News of the deal’s approval comes after Tencent last month denied speculation that China Mobile, another Chinese state telecoms operator, was taking a stake in the company. Meanwhile, Tencent’s …
Father blames China’s COVID-19 policy for son’s death that sparked online anger
The death of a 3-year-old boy is the latest incident to trigger blowback over China’s strict zero-COVID policy, with one critical hashtag racking up 380 million reads on the Twitter-like Weibo platfor …
China strives to control sudden outbreak of COVID infections
China is striving to control the sudden outbreak of COVID-19 infections in the shortest time with the lowest costs, the health commission said on Wednesday.
From Apple to Disney, China’s Covid curbs are again hurting business
It has been almost three years since Covid-19 first hit China, but the country’s relentless adherence to lockdowns continues to hobble business and the economy. Top global and Chinese companies, from …
China imposes new week-long lockdown on Foxconn over COVID-19
China has ordered a seven-day lockdown in Zhengzhou, home to a major Foxconn factory, after a COVID-19 outbreak swept through the industrial park.
Washington’s Inaction on TikTok is Beijing’s Gain | Opinion
The Chinese Communist Party has the capability of putting together terrifyingly accurate psychoanalyses on a generation of young Americans based on billions of their social media interactions on the …
China will support Pakistan in stabilising its financial situation – Xi
China will continue to support Pakistan as it tries to stabilise its financial situation, state media quoted President Xi Jinping as saying on Wednesday, during a visit by Pakistan’s prime minister to …
