When Starbucks approached the country’s insurers on the plan, they were often met with surprise, said Belinda Wong, chief executive officer for Starbucks’ China business. There wasn’t such a program in place and one had…
BUSINESS
China sees strong IPOs in first quarter of 2017
BEIJING, April 11 (Xinhua) — The performance of China’s A-share IPO market was strong in the first quarter of 2017, according to a report by international accounting firm KPMG Tuesday. A total of 134 IPOs…
United Airlines passenger expulsion prompts allegations of racism in China
United does considerable business with Chinese passengers and a consumer boycott could cause serious pain. United says it operates more non-stop U.S.-China flights to more cities in China than any other airline. Rowdiness has long…
Korean brands' strength falls
South Korean marques are losing ground in China as local brands in the world’s largest auto market are offering improved quality and a wider choice of SUV models. In March, Hyundai Motor sold 56,026 cars…
Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
The board, which gathers twice a year, often meets abroad but only once before had a meeting in China, in 2010. Aramco has appointed international banks with access to Chinese investors to advise on the…
China is doing more business with India, but it's still far from smooth sailing
By Reshma Patil China has emerged as one of the fastest-growing sources of Foreign Direct Investment (FDI) into India — it was 17th largest in 2016, up from the 28th rank in 2014 and 35th…
Beijing approves first bike-sharing IPO
Public investors will soon get a taste of one of China’s hottest businesses after bike-sharing company Youon won regulatory approval for an initial public offering on the Shanghai Stock Exchange. Officially known as Changzhou Youon…
The New Sun Kings: How China Came to Dominate Solar Power
Then China shook the global solar business — and transformed both their lives. “A small vibration back in China,” said Frank Haugwitz, a longtime solar industry consultant in Beijing, “can cause an avalanche in prices…
Genesis sets sights on China
SEOUL — Genesis, the fledgling South Korean luxury contender, will continue its global rollout by taking on the world’s biggest luxury market, China. Global brand boss Manfred Fitzgerald says the Hyundai spinoff will enter China…
Report: China to Overtake U.S. as Digital Market Leader for Luxury Watch Brands
The latest research by Digital Luxury Group shows that the web traffic from China to luxury watch websites is set to overtake the United States in 2017. (Shutterstock) Luxury watch brands like Tag Heuer have…
Yum China soars after topping expectations for earnings and sales
The China unit that was spun off from KFC-owner Yum Brands reported adjusted earnings per share of $0.44 and revenue of $1.28 billion. Analysts had forecast EPS of $0.38 on revenue of $1.27 billion, according…
L Brands’ March comps sink
L Brands operates 3,078 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 750 additional franchised locations worldwide, as well as online.…
The Great Made in China brand remould
As a global manufacturing hub, China is now trying to break out into new, higher value-added product development. Is “Made in China” ready for a brand facelift? Spire Research and Consulting shared its insights, published…
