Global luxury goods giant LVMH Moët Hennessy-Louis Vuitton ended a turbulent 2020 with double-digit growth in its flagship brands, beating expectations for the fourth quarter as the company set out a … ( read original…
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China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved
Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to … ( read original story …)
Biden’s pick for UN post says US will counter China’s agenda
Linda Thomas-Greenfield says that if confirmed by the U.S. Senate as America’s ambassador to the United Nations she will vigorously counter China’s authoritarian agenda and engage in “people-to-people … ( read original story …)
India’s Decision To Ban 59 Apps Violates WTO Rules: China
China said on Wednesday that the Indian government’s decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization’s fair rules of business and would hurt Chinese firms. (…
Kuaishou’s bankers close order book two days early as investors scramble for US$5.4 billion IPO by Tencent-backed video-app operator
Investors scramble for a piece of Kuaishou’s US$5.4 billion IPO, as banks and brokerages offer low loan rates to cater to demand for IPO loan. ( read original story …)
Chinese Stocks Close Higher on Streamer Kuaishou’s IPO Bid
The Shanghai Composite Index closed 0.11 percent higher at 3,573.34. The Shenzhen Component Index ended at 15,413.84, up 0.4 percent, and the ChiNext Price Index, which tracks growth enterprises … ( read original story …)
China says Indian ban on apps violates WTO rules
China said on Wednesday that the Indian government’s decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization’s fair rules of business and would hurt Chinese firms. (…
China’s BYD builds sleek concept car factory
BYD is showcasing its new concept car factory. The Chinese automaker’s semiconductor business will be given a road test in public markets soon. The company also produces batteries, giving it an edge … ( read…
Uniqlo and Shiseido among Japanese brands to lose luster in China
Japanese brands may be falling behind social-media-savvy rivals from China and South Korea that leverage a trend in the Chinese e-commerce market: Products that draw interest on social platforms … ( read original story …)
Ant Group IPO could get back on track if it resolves issues, China’s central bank governor suggests
Ant Group’s IPO, which would have been record setting, was pulled by regulators days before it was due to begin trading in Shanghai and Hong Kong in November. ( read original story …)
Ant Group’s IPO could be revived after ‘problem solved’, hints China’s central bank governor
PBOC governor Yi Gang said there needs to be more international cooperation on regulating fintech, particularly regarding the ownership of consumer data. ( read original story …)
Starbucks’ recovery, solid in China, still slow in the US
Starbucks’ recovery slowed at the end of last year as U.S. coronavirus cases mounted, but the coffee titan says it’s confident its U.S. business will fully recover by March. “I am optimistic, because … (…
Global luxury brands like Omega, De Beers eye China’s retail boom as wealth expands in lower tier cities
Global luxury brands are expanding into lower tier cities in mainland China, as growing wealth powers some of the best performing retail locations for high-end goods in the country. ( read original story …)
