Chinese electric vehicle company Seres will begin trading in Hong Kong on Wednesday, following a massive public share sale that raised HK$14.3 billion, or $1.8 billion, according to Bloomberg. The …
Tagged By business
Starbucks’ China retreat shows how global brands must rethink their playbook
Under the agreement, Starbucks and Boyu will form a joint venture, with Boyu holding up to 60 per cent of the coffee chain’s retail operations in China.
China’s Export Control Taskforce Adds Most Headcount Since 2022
China’s Commerce Ministry is on its biggest public hiring spree this decade, bolstering the unit overseeing rare-earth curbs even as it pauses sweeping measures in a trade truce with the US.
Starbucks sells its second-largest business
Starbucks China will maintain its Shanghai headquarters and continue to own and operate its existing 8,000 stores, with plans to expand to as many as 20,000 locations over time.
China kicks off programme to import more foreign goods
SHANGHAI: China on Tuesday (Nov 4) launched a programme to encourage its citizens to buy more imports, as Beijing pushes a long-term plan to turn the country into a major consumer nation.Premier Li Qi …
JD uses blockchain to increase traceability of its supply chain
China’s e-commerce giant JD.com is building a traceability system with its 30-plus brand owners on its open blockchain platform, said Yang Haiming, chief architect of JD CTO system, at an IDC CXO …
Donald Trump Says China ‘Is Getting Big Into Crypto Right Now’—But Is That True?
President Donald Trump said he wants to ensure the United States remains the world leader in crypto, warning that China is trying to seize control of the industry.
Starbucks ducks for cover amid China’s coffee wars
Foreign companies can no longer rely on brand prestige alone in sectors in which Chinese rivals undercut prices …
China plans events to boost imports, promises ‘win-win cooperation’
China announced an initiative on Tuesday to increase imports, promoting itself as a super-sized market opportunity even as its trade surpluses with other countries swell amid frictions with the United …
China can use imports as a ‘bridge between domestic and international markets’, expert says
The report was jointly issued by Beijing Normal University and the China Association of International Trade, and edited by Professor Weihao, vice-dean of the School of Economics and Business …
Trump Just Issued A ‘Very Big’ China Warning As Bitcoin Teeters On The Verge Of A Major $100,000 Price Crash
The bitcoin price has soared since the reelection of U.S. president Donald Trump last year, rising on a wave of enthusiasm for bitcoin and crypto but its rally has stalled in recent months despite U.S…
Peter Schiff Blasts Trump’s China Narrative On Crypto: Beijing Has No Interest In Leading The World In ‘Ponzi Schemes’
Economist Peter Schiff mocked President Donald Trump’s focus on making the U.S. a global leader in cryptocurrency on Monday, dismissing the sector as a decentralized “Ponzi scheme.” Schiff Jabs Trump …
Starbucks to sell control of China business to Boyu, aims for rapid growth
Starbucks said it would sell control of its operations in China to Boyu Capital in a deal that values the business at $4 billion – one of the largest divestments of a China unit by…
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