BERLIN (Reuters) – Volkswagen’s core brand increased sales to a record 584,700 vehicles in March, expanding the first-quarter tally to 1.53 million cars, the highest-ever level for the January-to-March period. VW brand vehicle sales rose…
BUSINESS
Gulfstream business-jet edge in China at risk amid trade spat
Gulfstream, the maker of the G650 business jet, is at risk of losing its dominance in China because of a worsening trade spat with the United States. China’s proposed 25-per-cent tariff on U.S.-made aircraft would…
Haidilao to tap demand for Chinese hotpot with up to $700 million IPO – sources
The IPO could come in the second half of the year, they said. The planned listing comes as the Beijing-based restaurant operator looks to further expand at home and boost its network globally to attract…
How F&B manufacturers can seize product opportunities for young mothers and families in China
Young mothers and families in China increasingly have greater spending power — and one market expert has revealed how food and beverage firms can boost sales in in this segment. Jason Yu, general manager, Kantar…
Chinese Whispers: Red Streetwear, Anti-daigou initiatives, and the Rise of Multi-brand Stores
launched its loudly-titled “YOHO! RISING CHINA” project in collaboration with five equally shouty domestic brands,: AKOP., RANDOMEVENT, ATTEMPT, ROARINGWILD, and ENSHADOWER. As the leading streetwear player in China, with enormous influence over youth … (…
What It Takes For An American To Do Business In China
NPR’s Mary Louise Kelly speaks with Claire Reade from the Center for Strategic and International Studies about what the newest round of proposed tariffs mean for U.S.-China trade relations going forward. ( read original story…
What the 2018 Brand Rankings Tell Us About China’s Consumer Economy
China’s fast-developing tech and e-commerce ecosystem is arguably a boon for luxury brands that can successfully navigate the market’s digital landscape. From JD.com’s ever-evolving shopping integration with WeChat to Alibaba’s progress in New … (…
A US-China trade war could threaten Tesla most among automakers
Tesla could be the U.S. automaker most hurt by a trade war with China, says one analyst. And the other U.S.-built brands likely to suffer most after that are not American, but German, said Barclays…
Cryptocurrency miner Canaan eyes IPO; bets on China’s push for chip industry
Canaan is considering an IPO in Hong Kong or the United States … N.G. Zhang, the company’s 35-year-old co-founder and CEO, said Canaan employs around 200 in Beijing and Hangzhou, mostly in chip research and…
Chinese bitcoin miner eyes IPO, prefers to list outside mainland
HONG KONG (Reuters) – China’s Canaan Creative, one of the world’s largest crypto-currency mining equipment makers, said it was considering an IPO outside the mainland … Its main competitors include Beijing-based Bitmain, which makes the…
Time-honored brands trying new ideas
China’s time-honored brands, known as laozihao, are adopting fresh operation modes to catch the eyes of the country’s increasingly sophisticated consumers. Recently, traditional Chinese herbal tea producer Guangzhou Wanglaoji Pharmaceutical Co Ltd launched … (…
How China gets what it wants from American companies
China is vital for many top international brands, but doing business there often comes with a high entry fee. Some major US companies including GM (GM) and Qualcomm (QCOM) sell more of their products in…
China-U.S. tariff spat: Mostly losers, but some winners too
China accounted for almost 60 per cent of their exports and … WH Group, which bought Smithfield in 2013, opened a facility in the centre Chinese city of Zhengzhou to produce its brands but uses…
