Eighteen months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest person. Fast forward to Wednesday and a slump in Chinese demand for Louis…
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China buys fewer peas
Pea imports are way down so far this year in one of Canada’s top markets. China bought 657,000 tonnes of the crop during the first half of the …
Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
LVMH’s commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth in recent years.
China Resources Beverage Seeks Up to $649 Million in Hong Kong IPO
China Resources Beverage Holdings Co. is seeking to raise as much as $649 million in its Hong Kong initial public offering, one of the city’s largest listings this year.
China Resources Beverage prices IPO with plan to raise circa $608m
China Resources Beverage plans to raise more than $600m from a listing in Hong Kong as the soft drinks maker kicked off its IPO. The offer began yesterday (15 October) for the issuance of about…
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking back up by the afternoon.
EXCLUSIVE: RéVive Skincare Acquired By China-based Conglomerate S’Young Group
The brand, founded by Dr. Gregory Brown in 1997, has changed hands seven years after Tengram Capital Partners acquired it from Shiseido.
IPO-bound Waaree Energies flags export challenges to US amid scrutiny over Chinese forced labour concerns
Waaree currently exports 44 percent of its manufactured modules and the US is one of its key markets. The company is planning to set up a 1.6 gigawatt module facility in Houston.
CR Beverage to use US$640 million IPO to fund expansion, supply chain efficiency
It may increase the size of the IPO by 52.2 million shares to meet excess demand if necessary. Assuming an offer price of HK$14, CR Beverage will generate net proceeds of HK$4.72 billion after underwriting…
China to post slowest quarterly growth
China’s economy likely expanded at its slowest pace this year, according to an Agence France-Presse (AFP) survey ahead of data on Friday, as authorities struggle to reignite consumption amid a chronic …
China to post slowest quarterly growth
China’s economy likely expanded at its slowest pace this year, according to an Agence France-Presse (AFP) survey ahead of data on Friday, as authorities struggle to reignite consumption amid a chronic …
China emerges as India’s top import source during April-September 2024
China has emerged as India’s top import source with USD 56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data. The imports …
China’s EV giants shine at Europe’s largest auto show while local rivals despair
The U8, which was making its European debut but is currently only sold in China, also comes with a drone that allows … would put pressure on Xpeng’s business model, the company was not backing…
