Yuyuan’s China JV with the Italian jeweler aims to open over 10 Damiani flagship and around 100 Salvini stores in the next 5 years. ( read original story …)
BUSINESS
Tech giant Tencent makes peace with China’s ‘old godmother’
Chinese tech giant Tencent said it has made peace with the country’s best-known chilli oil maker Lao Gan Ma, after an advertising scam that bewildered many and generated a public relations nightmare. ( read original…
China auto sales off 22.4% in first half of 2020
China’s auto sales rose 1.8% in June over a year earlier but were down by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group…
China vows retaliation against US sanctions over Xinjiang
China said Friday it will retaliate against U.S. officials and institutions following Washington’s imposition of sanctions on three local officials of the ruling Communist Party over human rights … ( read original story …)
Surging truck sales boost China’s auto sector revival in June as economy upshifts
Auto sales in China rose 11.6% in June from a year earlier to 2.3 million units, driven largely by strong demand for trucks and other commercial vehicles as Beijing ramps up infrastructure spending to ……
UPDATE 1-China Bohai Bank raises $1.78 bln in Hong Kong IPO -sources
China Bohai Bank has raised $1.78 billion after pricing its shares at HK$4.80 as it carried out the largest initial public offering in Hong Kong so far in 2020, two sources with direct knowledge of…
Standard Chartered-backed China Bohai Bank to raise US$1.78 billion in Hong Kong IPO
Thursday in a deal that would raise a total of HK$13.8 billion (US$1.78 billion). The IPO priced at HK$4.80 a share, according to a person familiar with the transaction. That was near the bottom of…
China Bohai Bank raises $1.78 billion in Hong Kong IPO: sources
China Bohai Bank has raised $1.78 billion after pricing its shares at HK$4.80 as it carried out the largest initial public offering in Hong Kong so far in 2020, two sources with direct … (…
BRIEF-Eyebright Medical Technology (Beijing) Co Ltd Issues Prospectus For Shanghai IPO
SAYS IT ISSUES PROSPECTUS FOR INITIAL SHANGHAI SHARE OFFERING Source text in Chinese: bit.ly/2W5JK4n (Reporting by Hong Kong newsroom) Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
Luxury brands turn from Hong Kong to mainland Chinese consumers still eager to shop
Luxury brands are turning to mainland China from Hong Kong — even shutting stores in the city — as companies try to recoup lost tourism spending and take advantage of new supportive policies from ……
Court in China Implementing Blockchain for Court Reform
Participants at a recent court reform conference held by the Shanghai high court observed that the Minhang District People’s Court used blockchain technology to record an equity transfer contract … ( read original story …)
Chinese Police Dismantle $14M Crypto Scam
The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million. The Chinese authorities dismantled a significant crypto-related scam in Wenzhou. The scheme … ( read original story …)
What Brands in China Should Learn From Harper’s Bazaar’s Big Mistake
Harper’s Bazaar China accidentally elicited historical trauma in one of its Weibo posts, but its apology wasn’t acceptable to the country’s netizens. ( read original story …)
