Ant is also under pressure from Beijing’s efforts to tighten control of non-banks … “I am not surprised that they once more are postponing their IPO.” The decision to delay Ant’s listing was made se……
BUSINESS
Nissan to boost China production capacity by 40 percent, source says
BEIJING (Reuters) – Japan’s Nissan Motor Co (7201.T) plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 – part of a 60 billion yuan ($8.73 billion) stra……
China’s NIO files for IPO in the US in push to compete with Tesla
China’s NIO is arguably the furthest along of all the flashy electric car startups that have formed over the last few years. Now it wants to go public in the United States on the New…
Trade war puts new strains on America Inc’s factories in China
Rising risk from the trade tensions “gave us good impetus to check out how we look at the whole business”, said Bernard Cheung, director of global strategic marketing at DSM China. For some, the respo……
Global luxury brands again chase China’s young, rich and spendthrift
HONG KONG (Reuters) – Global luxury brands from Prada (1913.HK) to LVMH (LVMH.PA) are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smalle… ( read…
FOCUS-Global luxury brands again chase China’s young, rich and spendthrift
* Millenials are the key driver of luxury spend in China * Falling luxury prices in China help boost demand * Brands moving into second, third tier cities By Farah Master and Donny Kwok HONG…
Tim Hortons’ China menu to offer congee, matcha along with the double double
Despite some of the adjustments the brand will have to make, food industry expert Robert Carter thinks the expansion makes sense because China’s growing middle class is willing to spend their increase… ( read original…
As China and Taiwan fight, a tiny coffee bean business thrives amid bitter political dispute
China and Taiwan have been self-ruled since the Chinese civil war of the 1940s, but officials in Beijing continue to claim sovereignty over the island and insist that under its one-China policy, Taiwa… ( read…
Kroger Decision To Launch Brands With Alibaba Is Pure Genius
This week Kroger looked to China and announced its plans to launch its owned brand Simple Truth® on Alibaba’s Tmall platform. The move is a stroke of Val Kilmer Real Genius, a move that far…
Luxury brands target younger customers
More than four months after French fashion house Christian Dior became the first luxury brand to have an official account in China on the short-video app Douyin, it had attracted less than 40,000 foll… (…
Brands must get the basics right in China
SINGAPORE: Western brands needs to make sure they get the basics right to find success in China –including the bureaucratic elements – and to avoid common pitfalls, according to a China marketing expe… ( read…
China Sovereign Fund Backs Deal for $13 Billion Yum China
Yum China, spun off from Yum! Brands Inc. in 2016 and listed in New York, has a market value of $13.6 billion. Baring Private Equity Asia is also joining the investor group, which already includes…
Cryptocurrency’s millennial mining tycoon is planning a $3-billion IPO
Nishant Sharma, a Beijing-based spokesman for Bitmain, declined to comment. Speculation about Bitmain’s IPO plans and finances has intensified in recent days. The cryptocurrency news site CoinDesk rep… ( read original story …)
