By the end of 2023, Saintbella had established 59 stores nationwide, under three brands: Saintbella, Xiaobella, and Aiyi, primarily located in the bustling districts of first and second-tier cities …
BUSINESS
Stock market sell-off raises concerns for China’s exports amid US recession fears
Some of the worst-hit stock markets regained ground on Tuesday following Monday’s global sell-off, but concerns remain for China’s key exports.
China July copper imports decline on weak demand; Jan-July up
China’s unwrought copper imports slid in July from a year earlier, customs data showed on Wednesday, amid subdued demand and high stocks of the metal. Imports of unwrought copper and products were 438 …
China’s coal imports surge in first half, driven by strong Australian trade
China’s coal imports witnessed a notable year-on-year increase of 12.5 percent in the first half of the year, with a significant rise in shipments from Australia. Experts attribute the growth to …
Three largest coffee import markets of Vietnam
VOV.VN – The EU, the United States, and China are the three largest coffee import markets from Vietnam since the beginning of the year.
Tech lead jailed after Singapore investors lose S$1.1m to crypto firm started by Chinese tycoon
A&A Blockchain Innovation was started by Yang Bin, listed by Forbes in 2001 as China’s second-richest man. The company drew S$6.7 million from more than 700 investors in Singapore.
US trade restrictions may affect China’s AI progress and Samsung’s revenue
China’s artificial intelligence (AI) efforts face a looming threat with potential US trade restrictions forcing firms to stockpile chips.
Consumer giants from Starbucks to General Mills have one big sales problem: China
Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S. “Consumer sentiment in China is quite weak,” McDonald’s chairman, CEO …
Vans-parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand
VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up 5% in extended …
Donald Trump Advocates for US to Develop Crypto to Stay Ahead of China
Donald Trump said that the US should not sell crypto, but instead focus on building the industry to prevent China from taking the lead.
China Resources Beverage Faces Valuation Pushback for Hong Kong IPO
China Resources Holdings Co. is meeting some resistance on the potential valuation for its beverage unit in a planned initial public offering in Hong Kong, people familiar with the matter said.
China Boosts Exports By 31% In First Half With 2.79 Million Vehicles
The nation’s vehicle exports have jumped 31% this year so far. The vast majority of vehicles being exported by Chinese brands are ICE models. Chery Automobile is China’s largest car exporter. China broke through in…
An Indian billionaire has an audacious plan to take down part of China’s economic master plan
Karan Adani, the son of one of Asia’s richest men, wants to loosen China’s grip on seaports and transform India into a major trading hub.
