As tensions only mount between China and the US, CIPS and SWIFT have been both partners and competitors within the cross-border payment space. ( read original story …)
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What does the Year of the Ox mean for luxury markets in China and beyond?What does the Year of the Ox mean for luxury markets in China and beyond?
While European and North American luxury markets shrunk in 2020, China’s grew by 50 per cent – thanks to patriotic consumers and KOLs – and luxury brands need to keep up … ( read original story …)
China’s Messy Car Repair Market Gets a Goldman-Backed Makeover
Car repair can be challenging in China, rife with the potential for disputes over the quality of service and parts and dominated by mom-and-pop stores. But the auto after-market industry is changing … ( read…
China’s national blockchain network embraces global developers
While China bans cryptocurrency exchanges and initial coin offerings, the government is set to leverage the underpinning technology — often without the decentralized part. Blockchain, for instance, … ( read original story …)
China Heads for Record GDP Growth in Months of Wild Data Swings
China watchers are in for a wild ride of economic data in the early months of 2021, giving a largely distorted picture of the recovery from coronavirus shutdowns a year ago. ( read original story…
Farfetch and Gucci’s China E-commerce Partner Baozun Buys Competitor
Baozun is one of the largest service partners that help an increasing number of luxury brands execute their e-commerce strategies in China. ( read original story …)
Yum China Sees “Headwinds” As COVID Gains Ground; Profit Rose By 68% In 4th Qtr
Yum China, the China arm of Yum! whose restaurant brands include KFC, Pizza Hut and Taco Bell, warned of “significant headwinds” in its business in the first quarter as the number of COVID-19 cases ……
Yum China sees continued pandemic problems
Yum China Holdings Inc. warned the coronavirus would continue to create problems in the first quarter, as consumers avoid travel and officials impose rules to try to fight the spread of Covid-19. ( read original…
Rich Shoppers Stuck in China Fuel an Unlikely Boom in Duty Free
Stores in Shanghai, Beijing, Hainan, and beyond try to woo domestic tourists during the Chinese New Year holiday. ( read original story …)
Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO
C loopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise $280 million by offering … ( read original story …)
Yum China’s Q4 profit, sales rise, but company warns of ‘headwinds’ with COVID-19 resurgence
Yum China Holdings Inc. stock rise in the extended session Wednesday after the operator of KFC, Pizza Hut and other fast-food brands in China … ( read original story …)
China Leads Africa’s Digital Currency Race
With years of public investment and plenty of penetration for its phone-makers, China is set to establish its digital currency in Africa. ( read original story …)
As Clubhouse booms, crypto entrepreneur Justin Sun jumps into China’s growing social audio apps market
BitTorrent owner Justin Sun invested in Two, an audio-focused social app that the entrepreneur called China’s Clubhouse, as a number of similar Chinese-owned apps also grow in popularity. ( read original story …)
