In 2015, Hyundai Motor Co. was the third-most popular passenger vehicle brand in China, with 5 percent of the market; last year, its share had slipped to 3.1 percent, ranking Hyundai 11th, according to LMC…
Tagged By business
Scottish business leaders sign China deal
Scottish business leaders hope to tap into a huge Chinese infrastructure programme following a “historic” deal with their East Asian counterparts. Scottish Chambers of Commerce (SCC) signed a memorandum of understanding with China’s Chamber of…
Luxury brands Hermès, Guerlain and Dior use mobile games to attract Chinese millennials
While the Hermès game is available globally, it’s an especially smart strategy for China, where the average luxury consumer is significantly younger and more receptive to gaming. Several luxury brands have also launched games just…
Mélanie Joly latest minister to push Canadian business in China
OTTAWA—Behind the trade drama on both sides of the Pacific, with the U.S. and China swapping tariffs amid an escalating spat, Canadian cabinet ministers continue their quiet effort to expand ties with the Asian economic…
Voting opens to pick top Chinese brands
Consumers can now vote for their favorite Chinese brands after the China Council for Brand Development announced the top 100 Chinese brands on May 10, which was designated Chinese Brands Day by the State Council…
Forget discounts – here’s how to conquer China’s e-commerce market
In China, e-commerce has delivered a devastating blow to traditional brick-and-mortar retailers, but brands still remain important in this new era, and a conventional approach is not going to cut it, according to Ogilvy China’s…
How Brands Are Using WeChat Mini Programs
China’s most popular app, WeChat, with over 1 billion users, has international brands scrambling to optimize the way in which they reach and engage with their audience through this all-encompassing platform. If you haven’t yet…
World trade body warns U.S.-China tensions could dent business
GENEVA — The World Trade Organization predicts continued trade growth this year, though it warned Thursday that tensions and retaliatory measures, notably between the U.S. and China, could compromise those gains. WTO Director-General Roberto Azevedo…
Hong Kong in the running to host three Kazakh state IPOs
Nurlan Rakhmetov, its managing director for transformation, privatisation and restructuring, told South China Morning Post that Chinese state-owned investors have shown keen interest in taking part in the IPOs, buoyed by the central Asian nation’s…
Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources
DETROIT/BEIJING (Reuters) – Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in…
CIA Director Mike Pompeo failed to disclose business link to China
CIA Director Mike Pompeo failed to disclose links to a company owned by the Chinese government during his 2017 confirmation. The CIA defended Pompeo’s omission saying, “He would have no reason to know details on…
LVMH Sets Upbeat Tone for Luxury Brands
LVMH moved to ramp up its e-commerce business across its stable of brands last year with new sites for its Celine handbags and Berluti shoes, the first online store in China for its largest brand,…
China-Based CLPS Files For $14 Million U.S. IPO
CLPS (CLPS) intends to raise $14 million from the sale of its common stock in a U.S. IPO, according to an F-1 registration statement. The firm provides legacy financial institutions in China with a range…
