Companies from Versace to Calvin Klein have been forced to apologise after being slammed by Chinese internet users for identifying Hong Kong as a country Chinese buyers account for at least a third of ……
BUSINESS
Swarovski apologizes for implying Hong Kong is independent from China
BEIJING — Crystal jewelry maker Swarovski on Tuesday became the latest foreign brand to apologize to China for implying Hong Kong was an independent country. “Swarovski takes full responsibility and … ( read original story…
Under New Owner Xtep, K-Swiss Will Make a Big Push for China
K-Swiss is ready to take on China. Following initial reports in May of an acquisition deal, Chinese sportswear firm Xtep International Holdings Ltd. completed its purchase on Aug. 2 of K-Swiss Global … ( read…
Givenchy, Coach Join Versace To Apologise To China Amid Hong Kong Unrest
As tensions in Hong Kong continue to escalate after months of political unrest, China has sought to rein in international brands that have mistakenly identified the semiautonomous territory – and … ( read original story…
‘We love China’, luxury brands hurriedly assure China after T-shirt blunder
Beijing — Luxury fashion brands Versace and Coach have apologised for making perceived affronts to China’s national sovereignty on T-shirts, mistakes that cost them their high-profile Chinese brand … ( read original story …)
Luxury labels in hot water over China territorial claims
A number of different luxury fashion brands have apologized after coming under fire in mainland China for not explicitly including Hong Kong and other cities as parts of China. Calvin Klein got in … (…
Now, Swarovski is sorry. Here’s why luxury brands are on wrong side of China
Austrian jewellery company Swarovski apologised to China for calling Hong Kong a separate country on its website(AFP photo (File )) Austrian jewellery company Swarovski apologised Tuesday for “hurting … ( read original story …)
China’s Xi gets tougher on Trump after new tariff threat
Negotiators are to meet in September in Washington, but China’s political calendar makes progress unlikely … market opening and changes in business rules. But by May, Chinese leaders had turned … ( read original story…
‘Significant and clear’ threat: What Canada’s spy chief says about China behind closed doors
Vigneault identified China and Russia among the countries seeking … 7:27 AM EDT In his first public speech last December, before a crowd of business leaders, the chief of Canada’s spy agency … ( read…
Crypto Markets Braced As China’s Long-Awaited Bitcoin Rival ‘Almost’ Here
Bitcoin’s release a little over ten yeas ago was a relatively small event that’s had huge ramifications, with some of the world’s biggest companies and countries getting into cryptocurrencies. The … ( read original story…
China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure
This article was originally published by 8btc and written by Lylian Teng. China is about to roll out its central bank digital currency (CBDC), which features a two-layer operation mechanism, with … ( read original…
China Central Bank Ready with Crypto Prototype
People’s Bank of China (PBoC) is ready with a prototype on a state-backed digital coin, to be distributed through commercial banks, reported Shanghai Securities News. “People’s Bank digital currency … ( read original story …)
China Liberal Education Files IPO Terms
China Liberal Education has filed to raise $7 million in a U.S. IPO. The firm provides educational and consulting services to students and companies in China. CLEU is a small firm and has grown in…
