Gucci sales were hit hard at the beginning of the coronavirus crisis due to its strong reliance on Chinese customers, owner Kering said on Tuesday, though it added that the Italian brand should be ……
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Alibaba’s Green Code Let Shops Identity Risk-free Customers in China
Louis Vuitton saw a 50 percent jump in sales in the past three weeks compared to the same period last year, according to sources, and Hermès hauled in $2.7 million on the reopening day of…
Gucci Owner Kering Urges Cautious Assessment of China Rebound
French fashion company Kering gave a cautious assessment of rebounding luxury sales in China following a “deep impact” for its flagship brand Gucci in the first quarter. ( read original story …)
Tapestry Focuses on Global Growth as It Reopens Stores in China
Like the rest of the retail industry, Tapestry (NYSE:TPR), the parent company of luxury goods brands Coach, Kate Spade, and Stuart Weitzman, has had to close stores and shore up cash as it attempts to…
The Foolish GOP Proposal to Open China to American Lawsuits over COVID-19
A bill that makes the judiciary responsible for responding to and punishing China over the COVID-19 disaster is a bill that takes that responsibility away from the political branches where it … ( read original…
U.S. Warships Enter South China Sea Hot Spot, Escalating Tension With China
The move comes as a war of words between the United States and China over the coronavirus pandemic intensifies. ( read original story …)
China doles out shopping vouchers to coax shoppers back to shops
Consumer reluctance to visit reopened stores may prove trial run for rest of world after coronavirus recedes … ( read original story …)
Kingsoft Cloud Seeks U.S. Investment From IPO
Kingsoft Cloud Holdings has filed for a U.S. IPO. The firm provides a suite of Internet and cloud infrastructure services to enterprises in Asia. The firm has g … ( read original story …)
Alibaba’s $28 billion investment in cloud infrastructure will help it compete with US tech giants outside of China
Alibaba may invest $28 billion to build out cloud infrastructure, helping Alibaba Cloud compete against US tech giants and fuel geopolitical tensions. ( read original story …)
The Coronavirus Could Upend Trump’s China Trade Deal
Bleak data on China’s economic outlook counters claims by Trump officials that the U.S. economy can get quickly back on track when the lockdown lifts. ( read original story …)
Poll: Americans sour on China amid pandemic, broader rivalry
Americans are increasingly hostile to China as the coronavirus pandemic wreaks havoc on the U.S. and global economies and after three years of Trump administration … ( read original story …)
China, South Korea Dispute Reports on Health of North Korean Leader Kim Jong Un
Reports that the leader is in grave danger after cardiovascular surgery have emerged, but they have also been quickly disputed. ( read original story …)
After denying crisis, Indonesia has most COVID-19 deaths in Asia except for China
Indonesia did not even confirm its first case of the virus until early March. But as of Tuesday, the nation had reported at least 7,135 infections and 616 deaths from COVID-19 — more fatalities than…
