The company is diversifying from liquor into chocolates and other goodies. The new offerings might not stick, but its core brand is so valuable that may not matter.
Recent Posts
China flies record 103 warplanes near Taiwan as island condemns Beijing’s ‘harassment’
“We urge the Beijing authorities to bear responsibility and immediately stop such kind of destructive military activities,” it said in a statement. “The continuous military harassment by the Communist military can easily lead to a…
Disappearance of Ministers Underscores China’s Unpredictability and Xi’s Grip on Power
That two high-profile cabinet members have disappeared without explanation in a matter of months underscores the opacity and unpredictability of Xi Jinping’s government.
China lifts temporary curbs on gold imports as renminbi recovers
China’s central bank has lifted temporary curbs on gold imports that were imposed on some lenders in a bid to defend the renminbi but caused the price of the precious metal to r …
MYEG partners China’s Beitou IT Innovation for digital identity credentials service
MY E.G. Services Bhd (MYEG) and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd have entered into a collaboration to leverage on the Zetrix blockchain to offer …
Crypto Exchange JPEX Blames Regulators, Partners For Liquidity Crisis As Hong Kong Probe Results In Arrest
A crypto influencer, named Joseph Lam Chok, was arrested Monday for his association with JPEX, the South China Morning Post reported. Hong Kong police have reportedly received at least 83 complaints …
Popular US$1.40 buffet in China may close after nearly 10 years as new diners lured by viral videos steal and waste food
Modest buffet in China caught national attention in August when a blogger posted viral videos of eatery online but owner says she now faces ruin Humble outdoor establishment offers honesty-based …
China’s industry ministry to work on standards for the metaverse
China’s Ministry of Industry and Information Technology (MIIT)said on Monday that it will form a working group to establish standards for the metaverse sector as Beijing seeks to be a global standards-setter for new technology.
China’s cash-squeezed Country Garden faces another dollar coupon deadline
Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an offshore bond, after having dodged default at the last minute twice this…
China property woes weigh on EM stocks ahead of central bank-heavy week
Emerging market (EM) stocks fell on Monday in a glum start to a week packed with major central bank policy decisions, with Hong Kong’s benchmark index dragged down by prolonged malaise in China’s …
Fostering Global Collaboration Amid Volatile Geopolitics and Technology Bans
No country can go it alone in today’s interconnected world. Here’s a potential path back to global cooperation to facilitate the sharing of technological advancements and the assurance of collective …
Chinese state firms’ help to troubled shadow bank does little to address investor concerns
The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns …
Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 mln
Beijing Fourth Paradigm, an AI startup … which equates to 70.6% of the IPO, the filings showed. Fourth Paradigm was added to the U.S. “Entity List” this year, which means U.S. suppliers are barred …