After years of delays, China’s first large homemade passenger jetliner will take to the air for its maiden flight in the first half of this year, state media reported Monday. State-owned aircraft maker Commercial Aircraft…
Tagged By business
Report: Luxury Brands Continue to Rein In China Expansion as Malls Shift to ‘Retailtainment’
China’s malls continue to expand as not only a place to shop, but a place for consumers to gather for entertainment. (Shutterstock) Changes in China’s retail landscape continue to reflect the extent to which online…
How can Chinese companies offer great specs at such low prices?
The areas where China does cater locally to smartphone components is in display, battery, and assembly manufacturing. Display technology is probably the one component where there is some discrepancy between manufacturers, due to their choice…
Apple Loses Ground to Rivals in China
Apple is finding it hard to hold on to its slice of the Chinese smartphone market as the global giant faces tough competition from several homegrown brands — Huawei, Oppo, Vivo and Xiaomi. Photo: Huawei/Oppo/Vivo/Xiaomi…
How China’s E-Commerce Giants Are Catering to Online Shoppers at Every Step
E-commerce is dominating in the luxury industry in China, and brands are increasingly diversifying their points of purchase. They’re reaching Chinese shoppers via not only the country’s major e-tailers, like Tmall, Secoo, and JD.com, but…
Celebrity perfumes and big brands losing share to the artisans and specialists
Atelier Cologne’s sale was significant for industry watchers as L’Oreal, for the first time, had its own fragrance specialist; L’Oreal had up until then focused on fashion brand licenses for its perfume division. “We chose…
‘MICE travel from India to China is growing nearly 8% year-on-year’
Q. What is Marriott’s footprint in China in key gateway cities? A. After the merger of Marriott and Starwood, we are upgrading 265 hotels which come under 17 different brands in Greater China which includes…
Top 30 most valuable brands of 2017
With over 5,000 financial centers, it serves millions of consumers and businesses. 2016 rank: 32 Brand value ($m): 31,250 One of the five biggest state-owned banks in China, it is the oldest one in the…
Chinese Luxury Shoppers' Newest Destination: China
High-end names such as Cie. Financière Richemont, Burberry Group PLC and LVMH Moët Hennessy Louis Vuitton are experiencing a surge in sales in mainland China as the government taxes overseas purchases and some luxury brands…
Canada's oilpatch needs new customers. Who's willing to buy?
Refineries in the United States have spent billions configuring themselves to process Alberta’s heavy oil. For years, China has been named as the next big market for Canadian oil. China invested heavily in the oilsands…
China's second aircraft carrier may be custom made to counter the US in the South China Sea
China’s second aircraft carrier is making steady progress. Chinese state media China has made excellent progress developing its second aircraft carrier, and Chinese state-run media says it could start patrolling the South China Sea by…
Toowoomba to Shanghai: Australian farmers head to China to turn promise into profit
With this in mind, a delegation of 240 farmers and food manufacturers from the Toowoomba region in Queensland made history late last year when they flew to China to learn how to do business with…
Chinese tycoon ‘in contact’ with family and business after vanishing from Hong Kong
Doing business with the relatives of China’s leaders, or simply acting as a bagman for political elites, used to be a path to wealth. Xiao, born into a poor rural family, was said to have…
