China is sharpening its scrutiny of small banks’ shareholders … The regulator also asked the firms if they had disclosed all business transactions with their main owners, according to a regulatory … ( read original…
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U.S.-China trade concerns push Wall Street lower; Fed meeting eyed
“Investors are very concerned about how weak Apple’s Chinese business will do,” said Tony Roth … between the world’s two biggest economies resumed on Tuesday, Trump warned China against trying to … ( read original…
Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King
Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks. They use the cryptocurrency to send large sums back to their home country, … (…
Second-hand market comes in from the cold in China
Chinese consumers became the world’s biggest spenders on luxury brands in 2012, according to consultancy Bain, and account for about a third of global purchases. Sales of pre-owned goods account for … ( read original…
Kontoor Brands: Boring Is Beautiful
Baxter went on to talk about the opportunities that have opened up such as introducing the Wrangler brand in China, which will happen in January of 2020. The new independence also allows Kontoor … (…
Donald Trump launches attack on China over trade ‘rip-off’ – as it happened
Trump’s criticisms of China will form the backdrop tomorrow for the Federal … Thanks for joining us today for coverage of business, economics and markets. Please do join my colleague, Julia Kollewe, … ( read…
Trump’s Huawei attacks help brand hit all-time high in China at iPhone’s expense
Huawei doesn’t sell many phones to US consumers, but it has dominated its home territory for the past two years and is gradually squeezing out Apple’s iPhone. China, once a growth engine for iPhone ……
SECOO Partners with Seven Luxury Brands to Provide One-Stop-Shopping for Exclusive Gifts this Chinese Valentine’s Day
and giving rise to a new fashion trend in China. Today, SECOO has become a leading Chinese premium lifestyle platform, maintaining more direct contracts with luxury brands than any other industry … ( read original…
Huawei’s China smartphone shipments surge as competitors like Apple tumble
Huawei’s smartphone shipments in China soared 31% in the second quarter … entity list that required companies to receive special licenses to sell or transfer technology to Huawei. U.S. officials … ( read original story…
China leads in Fortune Global 500 list of firms
“China’s performance indicates that the torrents of merger and acquisition activities aiming to forge globally influential conglomerates are starting to pay off,” said Jiang Qingyun, a business … ( read original story …)
Online sales platforms helping make luxury brands more affordable
discounted Louis Vuitton and cut-price Chanel – thanks to the rise of platforms selling secondhand goods in China, luxury brands are no longer out of reach. Wang Xingyang, a 29-year-old financial … ( read original…
How Dongtu brought brands into mobile messaging in China
CHINA has a strong preference for digital. That’s a default that companies have had to adapt to — and those that have made the transition successfully have been rewarded adequately by the market. That ……
As trade war bites, China’s factories set for third month of shrinking activity
Profits earned by China’s industrial firms contracted in June after briefly gaining the previous month. Earnings at these big firms have been softening since the second half of 2018 due to the … ( read…
