Atelier Cologne’s sale was significant for industry watchers as L’Oreal, for the first time, had its own fragrance specialist; L’Oreal had up until then focused on fashion brand licenses for its perfume division. “We chose…
BUSINESS
‘MICE travel from India to China is growing nearly 8% year-on-year’
Q. What is Marriott’s footprint in China in key gateway cities? A. After the merger of Marriott and Starwood, we are upgrading 265 hotels which come under 17 different brands in Greater China which includes…
Top 30 most valuable brands of 2017
With over 5,000 financial centers, it serves millions of consumers and businesses. 2016 rank: 32 Brand value ($m): 31,250 One of the five biggest state-owned banks in China, it is the oldest one in the…
Chinese Luxury Shoppers' Newest Destination: China
High-end names such as Cie. Financière Richemont, Burberry Group PLC and LVMH Moët Hennessy Louis Vuitton are experiencing a surge in sales in mainland China as the government taxes overseas purchases and some luxury brands…
Canada's oilpatch needs new customers. Who's willing to buy?
Refineries in the United States have spent billions configuring themselves to process Alberta’s heavy oil. For years, China has been named as the next big market for Canadian oil. China invested heavily in the oilsands…
China's second aircraft carrier may be custom made to counter the US in the South China Sea
China’s second aircraft carrier is making steady progress. Chinese state media China has made excellent progress developing its second aircraft carrier, and Chinese state-run media says it could start patrolling the South China Sea by…
Toowoomba to Shanghai: Australian farmers head to China to turn promise into profit
With this in mind, a delegation of 240 farmers and food manufacturers from the Toowoomba region in Queensland made history late last year when they flew to China to learn how to do business with…
Chinese tycoon ‘in contact’ with family and business after vanishing from Hong Kong
Doing business with the relatives of China’s leaders, or simply acting as a bagman for political elites, used to be a path to wealth. Xiao, born into a poor rural family, was said to have…
China means opportunity to 500 mln EU consumers: European expert
In a recent written interview with Xinhua, Luigi Gambardella, president of ChinaEU, a Brussels-based business-led association, said that in the coming five years, China is expected to import 8 trillion euros of goods, attract 600…
China disappointed at continued high US taxes on Chinese steel products
BEIJING: China is disappointed at the continued high US tax rates on Chinese steel products and will take the necessary steps to protect the rights of its enterprises, an official at the Ministry of Commerce…
As it files for IPO, Snap Inc. warns that Brexit and restrictions in China could pose problems
Despite calling Los Angeles’ Venice Beach boardwalk home, Snap Inc., the parent of popular social media app Snapchat, is concerned about how foreign governments could harm its business. In its IPO filing released Thursday, Snap…
Chinese fintech firm Wangjin Holdings plans $500 million HK IPO in 2017: IFR
The financial technology company would join other technology startups planning Hong Kong listings this year, including Lufax, China’s biggest peer-to-peer lending and wealth management platform, which plans a $5 billion IPO. (Reporting by Fiona Lau…
China raises short-term interest rates in fresh tightening sign
China’s central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of policy tightening as the economy shows signs of…
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