The beauty segment has traditionally performed well for luxury houses, but the pandemic has changed the way brands must approach their beauty consumers.
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China’s 618 shopping festival boosts recovery of domestic consumption
China’s 618 shopping spree this year has boosted the recovery of domestic consumption that had been hit by COVID-19, generating billions of Chinese yuan in spending during the one-month festival.
China’s Growth Decouples From Credit, With Global Implications
The financing environment is the best it’s ever been.” Lou’s experience suggests that even though China is putting the brakes on credit expansion in the economy, it doesn’t signal slower growth in the …
China new energy vehicle sales in next 5 years to surge over 40% annually: Report
The New Energy Vehicle (NEV) market is expected to see steady and robust growth in China. The sale of the NEVs is projected to grow more than 40 percent every year for the next five…
Baidu To Build Autonomous Taxis With BAIC Group In China
Baidu has joined forces with Chinese automaker BAIC Group to build 1,000 driverless taxis over the coming three years that will be deployed across the nation’s streets. The vehicles will be operated …
ASRock Claim China Crypto Demand and GPU Prices are Dropping
Some reports are rolling in, with ASRock saying that both cryptocurrency demand and the overall market price of graphics cards are dropping in China. ASRock really raises more questions than it …
Baidu to make thousands of robotaxis for a driverless service in China
Baidu, a Chinese multinational tech firm specializing in Internet-related services and artificial intelligence, wants to put its Apollo robotaxis on the roads in China by 2023. The company also …
Hydro-Rich Chinese City Is Said to Clamp Down on Crypto Mining
A Chinese city with abundant hydropower is said to have begun a sweeping clampdown on crypto mining firms this week, following an earlier ban from the central government on such activities.
Didi may face new antitrust probe ahead of US IPO: Reuters
China’s market regulator is investigating Didi on whether it violated antitrust rules, Reuters said. Didi said that was “unsubstantiated speculation.” …
Will slow approval of BioNTech and other foreign vaccines block China from reopening its borders?
200,000 of 845,000 foreigners living in the mainland have had the jab but many may be holding out for a foreign shot to become available.
China NEV Sales to Grow Over 40% Each Year in Next 5 Years -Industry Body
China’s new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday …
China’s E-Commerce Giant JD.com Seeing ‘Strong Momentum,’ VP Says
Ling Chenkai, vice president at JD.com Inc., Chinese e-commerce operator, discusses the company’s strategy, outlook, and its 618 festival — the country’s second-largest shopping event after Alibaba’s …
The IPO Glut Of 2020: Here’s Why Valuations Have Gone Too Far
Comparative research reveals an outsized risk in the difference between the last private valuation and the opening price. The increase is an order of magnitude between the premium charged in IPOs from …
