Retailers and investors are watching to see whether that spending holds up. “Luxury brands still benefit from a formidable capacity to recruit new consumers in China,’’ HSBC analysts led by Erwan Ramb… ( read original…
BUSINESS
As Troubled Western Luxury Brands Cry ‘Blame China,’ We Look Deeper
Slashing its prediction of first-quarter 2019 revenue, Apple Inc. became the fourth global retailer to cite slowing demand from China as a key factor in diminished sales and earnings expectations. App… ( read original story…
Apple won’t be the last casualty of China’s slowdown
From iPhones to autos, global brands rely on China for growth. Now the country’s economic slowdown is putting their earnings at risk. Apple (AAPL) on Wednesday said that it expected a weaker … ( read…
Apple cuts sales forecast as China sales weaken, iPhone pricing in focus
Apple finds itself in a tricky position in China, a key market for sales and … other Apple devices due to the firm being an American brand. “The much larger issue is the slowing of…
Xiaomi CEO Lei Jun explains why the company decided to make Redmi brand independent
The new brand has already scheduled a launch event on 10th January in China where it will launch its first smartphone with a 48-megapixel camera sensor. While the company announced that the Redmi bran… (…
Chinese Movie Ticketing Giant Maoyan Presses on With IPO
Maoyan, one of China’s two largest movie ticket sales platforms, is warming up its plans for an IPO in Hong Kong. The company, which has backing of Enlight, Tencent and Meituan Dianping … ( read…
World’s Largest Cigarette Maker Plans IPO for Its International Business
In 2012, a bank that it was buying a stake in released figures that showed the cigarette giant had sales of 770.4 billion yuan and net income of 117.7 billion yuan in 2010. CICC and…
China Tobacco’s IPO Will Be Far From Smoking Hot
The Hong Kong IPO of China Tobacco International (HK) Co. is looking like a hard sell. The offshore unit of China National Tobacco Corp. is not only in a sunset industry that’s been under attack…
Censoring China’s Internet, for Stability and Profit
“Missing one beat could cause a serious political mistake,” said Yang Xiao, head of Beyondsoft’s internet service business, including content reviewing … more than 800 million internet users in Chin… ( read original story …)
Apple’s China Trouble Makes Trump’s Trade War Harder to Defend
That case may be harder to defend now that the collateral damage includes one of America’s most recognizable brands. Apple Inc. on Wednesday lowered its outlook for first-quarter revenue after a large… ( read original…
Can China’s debt-ridden millennial and Gen-Z shoppers continue to prop up their favourite luxury brands?
The Chinese dream of luxury brands is largely dependent upon the nation’s millennial and Generation-Z shoppers, whom global management consultants Bain & Company estimated would account for 46 per cen… ( read original story …)
U.S.-China trade war takes toll on global manufacturing
Survey compiler IHS Markit cautioned the improvement did not herald a big change in the outlook for Britain’s stuttering economy — it was caused in large part by manufacturers stockpiling … in a si… (…
Huawei, Xiaomi, OPPO and Vivo to maintain lead in China in 2019
The Chinese smartphone was led by Huawei, Xiaomi, OPPO and Vivo brands in China in the previous year. Industry experts are of the view that the four companies will continue to maintain their lead in…
