Bulgari became the latest foreign brand to face backlash in China, as state and social media alleged that the luxury jeweler had treated Taiwan as a country on an official website.
BUSINESS
China Auto Industry Body Deletes ‘Abnormal Prices’ Clause in Truce Inked by 16 Carmakers
The China Association of Automobile Manufacturers removed a clause on abnormal pricing from the letter that 16 carmakers signed last week committing them to maintain market order. The CAAM expunged …
Jack Ma’s run-in with Beijing not only saw him disappearing for over 2 years, it led to his wealth tanking by half and cost his companies hundreds of billions
Meanwhile, Ant Group is now valued at around $78.5 billion — marking a steep 75% discount to its valuation of $315 billion in a scuttled IPO before Beijing’s crackdown. This means Ma has lost $4.1…
Italian jewelry brand Bulgari apologizes after sparking outrage in China over Taiwan listing
VCG. Italian jewelry brand Bulgari apologized after it sparked anger in China after Chinese netizens found that the company listed “China” and “Taiwan” in the same …
How Top CEOs Are Navigating The U.S.-China Divide
CEOs of some of the best companies in the world on a razor’s edge as they strive to navigate the U.S.-China relationship. Many aim to persevere – and for good reason.
Tech war: US mineral firm’s China unit faces fresh hurdle to Shanghai listing plan after Beijing’s metal export controls
The company did not immediately respond to a request for comment. The stalled IPO confronted a new hurdle last week after Beijing said it would impose controls on exports of eight gallium products and …
Elon Musk Endorses Huge 2030 Crypto ‘Prediction’ That Could Trigger A Bitcoin And Ethereum Price Boom
Tesla billionaire and Twitter owner Elon Musk said he agrees with a prediction that could see all currencies backed by computer processors by …
China could benefit from yuan stablecoin over its CBDC – Circle CEO
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Circle CEO Advocates for Yuan-Backed Stablecoins Instead of CBDC in China
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This is a ‘new China’ and US business has to adjust to it: Andrew Liveris
Leading Through Disruption’ author Andrew Liveris discusses his new book about leadership and reacts to the latest inflation and earnings reports.
Blockchain Technologies In The Banking Sector: Implementation And Potential Use
Before we dive into the world of blockchain, let’s discuss one important thought. Today, blockchain technology and cryptocurrencies are often percei …
China’s Discount Outlet Sector Grew Faster Than All Other Sales Formats Last Year
China’s sales of discounted luxury goods expanded 8 percent last year, faster than sales in other retail channels, and the sector will continue to grow quickly over the next three years, an industry …
Italian jewelry brand Bvlgari sparks outrage in China over Taiwan question
VCG. Italian jewelry brand Bvlgari has sparked anger in China as Chinese netizens found that the company listed “China” and “Taiwan” in the same category on some ve …