The head of L’Oréal, the world’s biggest beauty company, has said that its Chinese business is booming, bucking a wider economic slowdown as brands like Lancôme and Maybelline win over consumers. … ( read original…
Tagged By business
Chinese Coworking Giant Seeks US IPO
The Beijing-based firm is looking to raise anywhere from $100 million to $200 million in a 2020 IPO, according to sources cited by Bloomberg. The deal is said to be in the preliminary stages and…
Sales of Hongqi-brand vehicles skyrocket in China
(MENAFN – Asia Times) China’s leading automaker FAW Group posted a skyrocketing year-on-year increase in the sales of its Hongqi-brand vehicles in the first half of the year, with the amount … ( read original…
Chinese Central Bank’s Blockchain Trade Platform Processed $4.36B
The People’s Bank of China blockchain trade finance solution processed $4.36 billion in foreign exchange transactions since its inception. China’s central bank, the People’s Bank of China … ( read original story …)
Beijing Begins Imagining A WeChat China Cryptocurrency
The South China Morning Post reported Monday that the People’s Bank of China (PBoC) is looking into an officially sanctioned crypto after banning them two years ago. If they do it, there is no better…
China Cosmetics Market Report, 2019-2025
China’s online penetration rate of cosmetics will range at 31.4% in 2022. Online: The retail sales of cosmetics at Alibaba have grown apace, with fluctuations in recent months. Chinese brands have … ( read original…
Western hunting outfitters think China is the future of the market
Just three years later, he and his twin brother founded ShooterKing, a high-end hunting clothing brand. And last month, he organized China’s first ever hunting show. Li is betting that as … ( read original…
53% of European brands consider China a good opportunity for programmatic digital ad investment
Brands globally are planning to invest more heavily in China driven by programmatic digital ads. According to a survey of 300 senior marketers in North America, APAC and EMEA by The Trade Desk, 53% of…
Big China Brokerage Banned From Investing Its Own Money in IPOs
One of China’s biggest brokerages is barred from investing its own money in initial public offerings, after the firm’s staff failed to meet a deadline to place orders on a new trading venue for ……
China refiners curb fuel output after massive new plants stoke glut
SINGAPORE/BEIJING (Reuters) – China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut … ( read original story …)
Week In Review: Jibeier Pharma Files To Raise $100 Million In IPO On New Shanghai STAR Board
Hutchison China MediTech reported its parent company … reported that its filing to IPO on the new Science and Technology Innovation Board (STAR) has been accepted for review by the Shanghai … ( read original…
China’s June forex reserves rise more than expected amid trade truce
Early readings on June have been weaker than expected, with factory activity contracting and growth in the service sector softening, business surveys showed, highlighting the need for more stimulus to … ( read original story…
China’s Venture Capital Boom Shows Signs of Turning Into a Bust
“China entrepreneurs, more than any on the planet, will do unnatural things to avoid a down round,” Rieschel said. Story continues Meanwhile, venture firms are pivoting to alternative business models, … ( read original story…
