Jollibee Foods Corp.’s Philippine businesses boosted the fast-food chain’s second-quarter profit, even as it struggled with its operation in China.
BUSINESS
DBS launches treasury tokens with Ant International for cross-border liquidity management
The project on DBS’ blockchain will enable Ant International to use the digital token to achieve instant, multicurrency treasury management across multiple markets DBS, Singapore’s largest banking …
Self-driving company WeRide on track for US IPO
WeRide, based in Guangzhou in South China’s Guangdong province, plans to offer 6.45 million American depositary shares, or ADS, at a price range of $15.50 to $18.50 in its upcoming initial public …
Heytea snaps up Mong Kok space as mainland Chinese brands step up Hong Kong expansion
New leases by mainland-based brands more than doubled in the first seven months of the year, according to JLL Mainland Chinese brands have been the most aggressive non-local entrants into the Hong …
Japan’s business sentiment in Aug slips on China’s slowdown: Reuters poll
Japanese manufacturers turned slightly less confident about business conditions in August and the service sector’s mood eased, the monthly Reuters Tankan survey found on Wednesday, as lacklustre …
Former Army soldier pleads guilty to all charges after selling national defense secrets to China
An Army intelligence officer has pleaded guilty to all charges related to selling national security details to the Chinese government totaling more than $40,000.
Chinese Shoppers’ Infatuation With Japan Brands Is Wearing Thin
Japanese health and beauty products, once seen as the gold standard for safety and quality in China, are starting to lose their luster in the world’s largest consumer market.
US Army intelligence analyst pleads guilty to selling military secrets to China
A U.S. Army intelligence analyst on Tuesday pleaded guilty to charges of conspiring to sell military secrets to China, the Department of Justice said.
China Tightens Export Controls to Protect Indigenous Technology and Capital Amid Global Tensions
China is rapidly strengthening its export controls to prevent the outflow of indigenous technology, capital, and talent. This move is part of a broader strategy to protect its growing technological innovations,
Young people in China aren’t spending on romance. That’s a problem
During China’s go-go years, young couples holding enormous bouquets of roses were a familiar sight during the Qixi Festival, an ancient holiday celebrating love and loyalty.
Amid ‘tsunami’ of Chinese imports, dumping fears, Thailand seeks to curb online sales
Chinese exports have come under closer scrutiny of late as countries grapple with widening trade imbalances and factories shutting down.
U.S. – China Trade Racing To Beat Clock On New Biden-Harris Tariffs
That surge has come as U.S. retailers importing consumer goods from China for 2024’s Christmas shopping season that aren’t subject to the new tariffs have also pushed to get their shipments ahead of their usual…
GM layoffs: General Motors cuts jobs in China amid declining sales and high competition, looks to reset business
General Motors is laying off staff in China and planning a structural overhaul with partner SAIC. The automaker aims to boost profitability by focusing on electric and premium vehicles, amid declining …
