VeChain (VET) price jumped over 50% in the session on Tuesday, following Walmart China announcement. The partnership will see the food giant leveraging VeChain supply chain for inventory tracking. … ( read original story …)
BUSINESS
Muji Competitor MINISO to Plan $1 Billion IPO
MINISO, founded by Japanese designer Miyake Junya and Chinese entrepreneur Ye Guofu in 2013, designs its products in Japan and has more than 3,500 stores across 80 countries including China … last … ( read…
Walmart China Teams with VeChain, PwC on Blockchain Food Safety Platform
Walmart China has launched a blockchain-based platform aimed to address food safety concerns in the country. Announced Tuesday in a press release, the Chinese arm of the U.S. supermarket giant said it … ( read…
G20 Osaka summit could be game changer if China, Japan explore BRI possibilities
It seems the days when Japanese brands were hotly favored in the Chinese market are gone. However, tangible signs still exist of strong trade and investment ties between the two East Asian economies. … (…
China Fertility IPO Gains As More Couples Have Trouble Reproducing
Shares in Jinxin Fertility Group rose 8.7% on their debut at the Hong Kong Stock Exchange today on expected growth in demand in China and around the world for assisted reproductive services, or ARS. ……
Walmart China Takes on Food Safety with VeChainThor Blockchain Technology
VeChain’s blockchain technology is enabling Walmart China to implement a traceability strategy for products and pioneer the large-scale application of blockchain traceability. By scanning the desired … ( read original story …)
Luxury Brands In China Embrace WeChat
Luxury brands are increasingly using chat app WeChat in China to reach customers and sell big-ticket items, according to a report by TechCrunch. Brands like Bulgari, Cartier and Louis Vuitton are on … ( read…
After Wrangler Spinoff, VF Taps Alibaba for China Expansion
Taobao Mall was subsequently rebranded as Tmall and has become an important tool in getting foreign brands to market in mainland China, Hong Kong, Macau, and Taiwan. Tmall is now China’s largest … ( read…
Tariffs weighing on manufacturers’ optimism, survey shows
The trade group reported that multiple companies said tariffs on imports from China were a concern. Manufacturers are affected by tariffs on components as well as finished products. In many industries … ( read original…
An Instant Pot will cost $38 more in the U.S. if Trump goes ahead with new China tariffs
China, or U.S. customers and companies? Corelle, which makes Pyrex and other kitchen products, agreed to merge with Instant Pot’s owner, Instant Brands Inc., earlier this year. The company is … ( read original story…
Business adds new clout to latest round of Hong Kong protests: Don Pittis
A law that would force Hong Kong courts to send people charged with crimes under Chinese law to mainland China to face penalties has the two groups worried for different reasons, and this time ……
China says U.S.-China trade teams in contact ahead of G-20
Trump has already imposed 25% tariffs on $250 billion in Chinese imports and China has retaliated with tariffs on U.S. goods. The sides are now in a stalemate after 11 rounds of talks that have…
Carrefour Sells Control of China Business at a Discount
(Bloomberg) — Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the…
