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.
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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…
ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.
Alibaba and Baidu Invest in China Self-Driving IPO. How It Measures Up to Tesla.
Alibaba, Baidu and state-owned Beijing Financial Holdings are among the cornerstone investors who have agreed to take up 30% of the company’s shares ahead of the IPO. Intel and Volkswagen have …
