LVMH’s Chinese tea beauty brand Cha Ling has shuttered its physical doors and official WeChat store as part of its new business strategy.
Monthly Archives For December 2022
Credit Suisse’s Greater China CEO to leave bank this week – memo
Carsten Stoehr, Credit Suisse’s chief executive for its Greater China business, is leaving the bank, according to an internal memo seen by Reuters, as it undergoes a global overhaul with big layoffs.
China Eyes Return to Normalcy in 2023 After Ending Zero-COVID Policy
China’s leading public health experts are expecting the country’s first nationwide wave to peak in a month’s time.
Queues form at fever clinics as China wrestles with COVID surge
People queued outside fever clinics at China’s hospitals for COVID-19 checks on Monday, a new sign of the rapid spread of symptoms after authorities began dismantling stringent curbs on movement.
Opinion: In China, a knock at the door doesn’t mean what it used to
Almost overnight, Guangzhou, a southern Chinese city of some 15 million people, has been transformed from a Covid-19 ghost town back to the bustling metropolis writer Lars Hamer first encountered when he moved there five…
Russia’s logistic logjam worsens in winter, curbs coal exports to China
Infrastructure bottlenecks in Russia worsened with the winter season as rising demand for Asia-bound cargoes amid European sanctions on Moscow led to rail jams and worsened prospects for coal sales to …
Geely’s premium EV brand Zeekr seeks over $1B in U.S. IPO, report says
Zeekr launched its first model, the 001 crossover, last year, aiming to tap into increasing Chinese demand for premium EVs.
China re-opens more areas at risk for COVID spread as lockdowns ease
China has slashed the number of locations deemed at high risk of wider COVID outbreaks, re-opening locked down areas including one hosting a key factory of an Apple supplier. A district in the city of…
China scraps virus tracking app as country braces for Covid impact
China is bracing for an unprecedented wave of Covid-19 cases as it dismantles large parts of its repressive zero-Covid policy, with a leading expert warning Omicron variants were “spreading rapidly” and signs of an outbreak…
China develops hypersonic ski-jump technology for space travel
Chinese researchers say they have repurposed the traditional ski-jump method of launching a plane at sea for the hypersonic age, opening the way for easier, safer space travel.
Live news: FCA fines Metro Bank for misleading investors
The Financial Conduct Authority has fined Metro Bank £10mn and censured two of its former top executives for misleading investors on a key risk measure ahead of a 39 per cent collapse in the bank’s…
Exclusive-Zeekr, a premium Geely electric car brand, seeks over $1 billion in U.S. IPO – sources
Zeekr, one of Chinese automaker Geely’s upmarket electric car brands, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct …
Asian markets extend Wall St losses; China COVID cases rise
Shares slipped in Asia on Monday after last week’s decline on Wall Street, while signs of a surge in coronavirus infections in China suggested progress may be bumpy as it rolls back its “zero-COVID” …
