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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Technology ‘smartly’ steers future of Youyi Farm in Heilongjiang
The “Smart Management Platform” and its mini app, Zhongke Sinong, have been deployed at Youyi Farm, China’s largest farm covering 188,800 hectares of arable land. The farm is pioneering the use of intelligent agriculture to…
Renewal of US-China science pact is said to be close, but may hold until after Election Day
Both sides seem poised to renew a landmark agreement from 1979, sources say, but anti-China feelings in Washington make it hard to say when.
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.
China Mobile speeds up AI integration in financial firms
China Mobile, one of China’s three major telecom operators, vows to accelerate the deep integration of artificial intelligence (AI) into all production and operational processes of the financial …
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 …
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