The three partners said they will bring luxury retail “to the next generation by seamlessly integrating the digital and physical realms.” … ( read original story …)
BUSINESS
Fashion brands Nike and Boohoo deny link to Uighur forced labour in China
Leading brands including Nike and Boohoo have denied using suppliers from the Xinjiang region of China where Uighur Muslims are alleged to have been put into forced labour.The fashion companies said … ( read original…
5G has been heralded as a tech game changer but consumers in China are underwhelmed by spotty coverage and hard sell
Mobile operators are facing blowback from consumers, unsatisfied with network coverage, expensive handsets and hard sell tactics. ( read original story …)
Nigeria targets $6 billion revenue from blockchain technology
The National Information Technology Development Agency (NITDA) says Nigeria plans to generate over six billion dollars through blockchain technology by 2030 … ( read original story …)
Ant’s Squashed IPO by China Highlights Global Fintech Challenge
China’s torpedoing of Ant Group Co.’s initial public offering is the most dramatic example yet of the financial frictions emerging globally as fintech upstarts invade the territory of central banks … ( read original story…
HSBC, Bank of China (HK) pocket up to US$3.2 million in fees from Ant’s IPO loans, even as brokers waive charges on halted stock sale
HSBC and Bank of China (Hong Kong), two of the biggest margin lenders for Ant Group’s suspended initial public offering (IPO) in Hong Kong, will pocket up to HK$25 million (US$3.2 million) in interest ……
China’s Plan to Regulate Internet Lending is Behind Suspension of Ant’s Record IPO, Analysts Say
China has suspended the record-breaking $35 billion stock exchange listing of Ant Group, a spinoff corporation of Chinese e-commerce conglomerate Alibaba, because regulators say changes in the … ( read original story …)
Chinese brands are huge on crowdfunding, even if you’d never know it
Jim Fields has seen his fair share of crowdfunding videos — he’s made more than a dozen of them for Chinese brands looking to expand abroad — and he knows how to make a not-quite-finished…
L’Oreal China CEO Says Business ‘Looking Good’
Fabrice Megarbane, president and chief executive officer for China at French cosmetics giant L’Oreal SA, discusses the state of the business in the world’s second-largest economy. He speaks with Tom … ( read original story…
UK to big brands: do more to avoid forced labour in China’s Xinjiang
British lawmakers on Thursday urged big brands – from Gap to Zara – to ensure high-street fashion was not made from cotton picked by Muslims held in camps in China’s Xinjiang region. ( read original…
China opens import expo under anti-disease controls
Chinese leaders are conducting an import fair under intensive anti-coronavirus controls in their latest effort to revive the world’s No. 2 economy while the United States … ( read original story …)
Australia’s Treasury Wine Shelves Penfolds Spinoff as China Weighs Tariffs
Trade frictions between Australia and China have contributed to one global winemaker putting a cork in plans to spin off a luxury wine brand that is highly prized by collectors and can sell for ……
China is more important for business in Southeast Asia than U.S. election, consultant says
The U.S. is important geopolitically, but China is the “real game” in terms of business for Southeast Asia, says Karim Raslan of KRA Group. ( read original story …)
