In the boldest move yet, China’s second-largest hypermarket Yonghui Superstores Co. has started to remodel its business after its tiny rival’s. The retail juggernaut has tapped Pangdonglai’s founder …
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How China Wants High-Tech To Power Its Economy To The Top
Beijing has a four-pronged strategy that could challenge multinationals, bolster Chinese competitiveness, and position Chinese firms to set global engineering standards.
China is mulling raising retirement age, but it’s not going down well with youths. What’s at stake?
China’s retirement age was a product of the times – when life expectancies were shorter and conditions were vastly different. Fast forward to now and a recalibration appears firmly on the cards, but …
China’s spies named most significant counterspy threat, new strategy reveals
Foreign spying and technology theft by Chinese intelligence operatives pose the most significant threat by hostile foreign spy services, according to a new national counterintelligence strategy made …
Tim Cook Is Not Worried About Apple’s Slowing Business in China
Certainly the [environment] there is the most competitive in the world,” Apple CEO Tim Cook told analysts on the earnings call yesterday. However, Apple’s falling sales were also influenced by …
U.S. and Philippine Warships Patrol South China Sea
Independence-class littoral combat ship USS Mobile (LCS-26) conducts a Maritime Cooperative Activity with Philippine Navy’s Gregorio del Pilar-class patrol ship, BRP Ramon Alcaraz (PS-16), in the …
China’s economic downturn causes major luxury brands to reevaluate strategies
China’s economic downturn has significantly impacted luxury brands, following declines in the housing sector, stock market, and job market. For the first time, leading global retailers are publicly …
Crypto Scams Persist in China Despite Ban, Shaanxi Police Detain Four Suspects
Mainland China, recognized as one of the most stringent jurisdictions regarding cryptocurrency regulation, continues to grapple with investment scams despite a comprehensive ban on most crypto …
Outerwear Line C.P. Company Unveils Shanghai Store, Prepares for China Push
C.P. Company is popping on the Chinese retail scene opening its first flagship in Shanghai. Located on the second floor of the city’s luxury department store Rèel on popular shopping thoroughfare …
China Restricts Exports of Drones That Could Be Converted for War
The move to add export controls to civilian drones that could be modified for war comes amid U.S. efforts to restrict the aircraft.
US tech companies’ financial reports fresh warning of how US govt’s tech crackdown on China has backfired
As US tech firms including Intel Corp reported a weaker-than-expected performance for the second quarter, with Intel even announcing a downsizing plan to axe 15,000 jobs, Chinese analysts said the US …
Deepfakes, crypto hoax, phishing and love scams: how Hongkongers paid HK$9.18 bn to fraud
These individuals were charged with unlicensed lending in China and illegal gambling activities involving United Overseas Bank, as well as local units of Citigroup and RHB Bank, according to a …
Audi Is Ditching the Four-Ring Badge on EVs in China: Report
Almost any other brand would kill to have a logo with as much recognition as Audi’s four rings. Even to non-car people across the world, those four rings represent automotive luxury. However, Audi …
