The new chief executive of Adidas said the sportswear maker’s struggling Chinese business has turned a corner and that it was starting to bring its high level of inventory under control. The statement …
Monthly Archives For May 2023
Can China broker peace in Yemen – and further Beijing’s Middle East strategy in the process?
A Houthi fighter patrols an area during Yemen’s civil war. Mohammed Hamoud/Getty ImagesAfter nearly a decade of grinding conflict, Yemen looks to be inching toward a peace deal. Talks between the …
Study: China’s squid fleet avoids Peru to dodge new port law
A port regulation adopted by Peru to combat illegal fishing by Chinese squid vessels appears to have backfired and driven the world’s largest overseas fishing fleet deeper into the shadows, increasing …
Why China’s Delegate to King Charles’ Coronation Is Causing Controversy
China’s Vice President Han Zheng, who played a leading role in Beijing’s crackdown on civil liberties in former British colony Hong Kong, is set to attend the royal ceremony in the U.K.
A Strong Way to Play the China Growth Story May Be on the Way Soon
China’s largest courier company, SF Express, is looking at a Hong Kong listing that would offer access to international investors.
Ban on Property Sales to Citizens of China, Iran, and Others Is Cruising Through Texas Legislature
Whether the bill, which Gov. Greg Abbott has vowed to sign, ends up as law or not, the discrimination is already stinging marginalized communities.
Smartphone AP shipments to China expected to pick up 10% on quarter in 2Q23, says DIGITIMES Research
Looking into second-quarter 2023, smartphone AP shipments to China-based vendors are estimated to come to 132 million units, increasing 10% sequentially as smartphone brands ramp up their inventory …
6th Digital China Summit bears fruit
A visitor tries a 5G-based remote driving system developed by Chinese bus maker King Long at an exhibition of the 6th Digital China Summit in Fuzhou, East China’s Fujian province, April 26, 2023.
Ant’s Financial License Is in Limbo as China Shakes Up Regulatory System
The fintech giant has been waiting for more than a year for Beijing to sign off on its restructuring.
China turnaround challenge dwarfs Adidas’ Yeezy debacle
A potential 500 million euro ($551 million) write-off on unsold Yeezy shoes is a headache for Adidas as it looks to implement a global turnaround – but it’s not the German sportswear giant’s biggest …
Tesla hikes price of high-end Model S and Model X in China by roughly $2,750
Tesla raised the price of its more expensive Model S and Model X cars in China, its website showed Friday, following other hikes to its other vehicles a few days prior. Elon Musk’s automaker raised…
JPMorgan’s Dimon reportedly making first mainland China visit in four years
JPMorgan’s Jamie Dimon is the latest top executive reportedly making a first trip to the mainland in four years as China emerges from the Covid pandemic.
Tesla’s April Sales of China-Made EVs Down 14.7% From March -CPCA
BEIJING/SHANGHAI (Reuters) – Tesla Inc delivered 75,842 China-made electric vehicles (EVs) in April, down 14.7% from March, data from the China Passenger Car Association (CPCA) showed on Friday.
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