Starbucks (NASDAQ:SBUX) has reportedly shortlisted about a dozen parties, including private equity firms and technology companies, for the second round of a process to invest in its China business.
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Focus: China’s solar giants quietly shed a third of their workforces last year
China’s biggest solar firms shed nearly one-third of their workforces last year, company filings show, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling …
China’s Manufacturing Activity Tumbles Into Contraction
A private gauge of China’s manufacturing activity returned to contractionary territory in July, as softening new business growth led factories to scale back production.
China’s fiery baijiu spirit evolves to attract younger drinkers
The centuries-old fiery Chinese spirit baijiu, long associated with business dinners, is being reshaped to appeal to younger generations as its makers adapt to changing times. “If you like to drink …
China’s manufacturing activity shrinks as exports drag, S&P PMI shows
China’s factory activity deteriorated in July, as a softening of new business growth led manufacturers to scale back production, a private-sector survey showed on Friday. The S&P Global China General …
Nvidia denies ‘backdoors’ in chips after China raises security concerns
Nvidia said on Thursday that its chips do not contain “backdoors,” following concerns from China over the security of the company’s H20 artificial intelligence chip.
U.S. Steps Up Sanctions on Chinese Imports of Iranian Oil
The U.S. has sanctioned a fourth Chinese oil terminal and 20 global entities for facilitating Iranian oil exports, intensifying efforts to curb Iran’s crude trade.
China mocks US crypto policies, Telegram’s new dark markets: Asia Express
China state TV bashes Trump’s crypto policies in 30-minute special. New Telegram dark markets tie with Huione’s infrastructure. Asia Express.
Trump suspends de minimis exemption for low-value imports
Low-value parcels coming from other countries will no longer evade tariffs under the executive order President Trump signed Wednesday.
Apple got a much-needed iPhone and China boost
Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year.
GDS Holdings Limited (GDS) Announced Successful Completion of the China REIT IPO
GDS Holdings Limited (NASDAQ:GDS) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, GDS Holdings Limited (NASDAQ:GDS) announced its successful completion of the China …
Figma IPO raises its market share to $19.3B
Figma Inc. raised $1.2 billion with an initial public offering on Thursday, with shares trading for $33, which increased its market share to $19.3 billion.
Chinese Brands Are Really Killing It In Europe
Some brands like BYD and Xpeng grew more than 100% in a year. But some, like battery-swpping Nio, haven’t found their footing yet.
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