BEIJING (Reuters) – China’s Geely is building a new plant to produce a quarter of a million bigger-sized cars that will help meet a goal of selling more than 2 million vehicles by 2020 and…
Tagged By business
New executives at China’s ZTE say production back to normal
HONG KONG (Reuters) – Production at China’s ZTE Corp is back to normal after the lifting of a U.S. ban and its carrier network business will return to a standard growth track in 2019 ……
Meituan-Dianping seeks $4 billion with IPO
According to a preliminary prospectus, Goldman Sachs Group, Morgan Stanley and Bank of America Corp are joint sponsors for the IPO, and China Renaissance is the sole financial adviser. In order to tes… ( read…
Fast-food chain Yum China rejects $17.6 billion Hillhouse buyout offer: source
HONG KONG (Reuters) – Fast-food chain operator Yum China Holdings Inc (YUMC.N) has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group … ( read original story…
How fashion industry destroys unsold stock, China’s part in the problem, and the steps brands are taking to make fashion more sustainable
British fashion brand Burberry caused outrage last month when it announced it had burned more than US$37 million worth of unsold clothing, accessories and perfumes last year. It begged the question: w… ( read original…
Nissan latest automaker to target China with electric vehicles
… Nissan’s first electric sedan designed for China began production Monday at the start of a wave of dozens of planned lower-cost electrics being created by global automakers for their biggest marke… ( read original…
A New Story of Success in Retail is Being Written in China – Here’s Why
While retail reels, China offers brands insight on how to evolve. In recent months, bankruptcy has claimed some of history’s beloved retail brands. Yes, there were many contributing factors to their d… ( read original…
China’s Liaoning aircraft carrier gets brand new command centre
China’s only aircraft carrier in service is undergoing its first major revamp since it was commissioned in 2012, giving it a brand new “island” command centre. Pictures circulating on the internet sho… ( read original…
How Chinese tea-drink brand Heytea saves millions in marketing costs thanks to its millennial customers
The mushrooming of such innovative tea-drink brands across China in recent years has greatly changed people’s perceptions about a product that traditionally was consumed by the older generation. In 20… ( read original story …)
Chinese bitcoin mining rig makers aim to raise billions in HK IPOs
People close to the IPOs said regulatory scrutiny and a patchy performance … tools and the forthcoming build-out of 5G telecoms networks both within and outside China. “The mainland government encou… ( read original story…
Nissan launches China-focused electric car
… Nissan’s first electric sedan designed for China began production Monday at the start of a wave of dozens of planned lower-cost electrics being created by global automakers for their biggest marke… ( read original…
Catering to China’s Elderly: Smart Brands are Already Adapting
Wang Jianmei never thought she would own a smartphone: the 68-year-old retiree always believed they were just for the young. But one day, she noticed a group of her elderly neighbors in her village in…
Can the ‘Made in China’ label make a comeback?
China already has its foot in the door by acquiring several local French labels. With Western brands now under the Asian umbrella, companies turn their attention to creating brands with a Chinese busi… ( read…
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