L’Oréal Group has launched a new K-beauty brand called Shihyo as it looks to target North Asian shoppers across “beauty-intense” regions.
Monthly Archives For November 2022
China set to fine Ant Group over $1 bn, signalling revamp nears end
A fine on Ant could help pave the way for the company to secure a long-awaited financial holding company license, seek growth again, and eventually revive its plans for a public market debut …
One of China’s biggest retailers is cutting executive pay to create a fund to help lower-level employees buy homes
The move follows Chinese government’s push to close the country’s income wealth gap through its “common prosperity” policy that impacts billionaires.
At key forum in Beijing, RCEP markets urged to boost financial cooperation to tackle global risks
With the global economic and financial environment becoming increasingly complex, members of the Regional Comprehensive Economic Partnership (RCEP) need to enhance cooperation to promote the economic …
We’re adding to a China reopening stock, buying ahead of Covid rules eventually easing
Estee Lauder gets about one-third of its sales from travel and its travel retail business is highly dependent on tourism in Asia. Due to our belief that it’s only a matter of time before China…
China considers cutting $700 checks for all citizens due to COVID-19 economic struggles
The Chinese Communist Party should distribute cash vouchers to its citizens in order to alleviate COVID-related economic hardships, economists suggest.
China’s Covid Lockdowns ‘Holding Down Economy’
TheStreet’s Martin Baccardax breaks down the ripple effects China’s Covid lockdowns have on the global economy.
China lockdowns reach record level as coronavirus cases soar
We’ll send you a myFT Daily Digest email rounding up the latest Coronavirus pandemic news every morning. Covid-19 cases in China are spiralling towards record highs, forcing officials to again lock …
Coronavirus erupts in China once more even as ‘Zero-COVID’ policy has already frayed tempers
Case numbers have surged across China, with residents in Beijing worried that a record number of new infections will lead to lockdown measures similar to those seen earlier in the year in Shanghai, wh …
Pentagon Chief Tells China To Rein In Military’s ‘Dangerous Behavior’
Wei Fenghe, on the “increasingly dangerous behavior” of Beijing’s forces in the Indo-Pacific region, Pentagon press secretary Brig. Gen. Pat Ryder said in a press release. The U.S. and its allies have recorded a number…
Tech war: US, Taiwan, Japan gallop ahead in advanced semiconductors while China remains stuck at mature-node chips
TSMC founder Morris Chang said this week that an expansion to the more advanced 3-nm process was planned for the company’s Arizona site China’s huge domestic market, especially lower-end segments …
Core components of China-made world’s largest ‘artificial sun’ accomplished, new breakthrough in core technology
Celebration of the accomplishment of the prototype piece of the enhanced-heat-flux first wall panel of the international thermonuclear experimental reactor, also known as the world’s largest …
China set to fine Ant Group over $1 bln – sources
STORY: China is lining up a $1 billion fine for Jack Ma’s Ant Group. That’s according to six sources close to the matter. It would set the stage for ending a two-year regulatory overhaul of…
