DMG will reportedly reach an agreement to buy the rights of Forbes brand in China, aiming to develop its retail and entertainment businesses in Greater China. It is said that DMG will purchase no more…
Tagged By business
China slams US aluminium foil tariff ahead of Trump visit
The tariff was announced Friday by the US following concern that China was undercutting American manufacturers by flooding the country with underpriced aluminium products. But the timing has raised fears of a trade dispute during…
Ahead of iPhone X launch, China vendors cut prices of iPhone 8 models
recent launches have been simultaneous in China and Hong Kong rather than staggered, and domestic Chinese phone brands have increased their share of the world’s biggest smartphone market. Apple last week countered concerns of muted…
China Literature listing expected to leave ZhongAn’s IPO in its shadow
The highly-anticipated initial public offering of Tencent unit China Literature, mainland China’s largest online publishing and e-book site, has been way oversubscribed, and analysts are now predicting the flotation to be the hottest this year.…
Khaisilk scandal: Brand to be investigated
HÀ NỘI — Khaisilk, once regarded as Việt Nam’s hi-end silk brand, is facing a series of investigations following a “Made-in-China” scandal. Minister of Industry and Trade Trần Tuấn Anh said relevant documents had been…
China’s Xi promises reform in event with US business leaders
BEIJING — President Xi Jinping has promised to open China’s economy wider during a meeting with American business leaders ahead of a visit by U.S. President Donald Trump amid trade tensions. Xi spoke Monday to…
China Oct. official factory PMI falls more than expected to 51.6
The data will give global investors their first look at business conditions in China at the start of the fourth quarter, with the government’s war on winter smog adding to uncertainty amid early signs of…
China’s Oct factory growth slows more than expected on smog war, softer export orders
The data gives global investors their first look at business conditions in China at the start of the fourth quarter, with the government’s punishing war on smog adding to uncertainty amid early signs of a…
Apple is finally seeing iPhone growth in China, though it may not last
In August, Apple reported that sales in greater China dropped 10 percent from the prior year. While Chinese brands like Huawei, Oppo, Vivo and Xiaomi have struggled to gain traction in the U.S., they all…
Why China led the ‘Great Retail Apocalypse of 2017’ and how fashion labels are reinventing themselves
This is the first year in history that has seen more luxury store closures than openings around the world, bringing a sudden halt to the relentless expansion of European and American brands. It was China…
JD.com launches luxury site targeting China’s mid-tier cities
Few luxury retailers have set up stores in these cities, prompting consumers to shop online. “Luxury brands have to have an online presence in China to help themselves reach into second- and third-tier cities whose…
Western beauty brands successfully use ecommerce to sell to China
In a country where buying online, especially via smartphone, has become the norm, Western cosmetic brands are doing well. For instance, according to market research firm Profitero, Bioderma and Maybelline dominate the category of make-up…
Made-in-China scandal continues to plunge top Vietnamese silk brand into crisis
Widespread public backlash. A raft of looming investigations. What’s next for the once-posh Vietnamese garment brand? Khaisilk is poised to face a series of investigations after a made-in-China scandal has triggered widespread calls for the…
