Prada is looking to double its business in key luxury market China, Chief Executive Gianfranco D’Attis said on Wednesday, even as the country faces slowing growth in luxury demand and significant …
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(LEAD) China’s AliExpress vows investment to protect intellectual property of S. Korean brands on its platform
SEOUL, Dec. 6 (Yonhap) — Chinese e-commerce platform AliExpress said Wednesday it plans to invest 10 billion won (US$7.6 million) in South Korea over the next three years to better protect the …
TikTok owner ByteDance offers to buy back US$5 billion worth of investor shares as IPO prospects remain slim
The price offered to investors is similar to the US$160 per share offered to employees, which puts the company’s total valuation at US$268 billion In the second quarter, ByteDance’s China revenues …
China blue-chip stocks hit 5-year lows, yuan eases after Moody’s move
China’s economic recovery has shown signs of losing steam quickly after an initial burst in consumer and business activity at the start of the year, weighed down by an ailing housing market, local …
China’s exports slump seen slowing as pockets of demand emerge- Reuters poll
Declines in China’s exports likely slowed in November, a Reuters poll showed on Wednesday, amid mixed signs factories in the world’s second-largest economy may be finding their footing after a …
China’s AliExpress vows investment to protect intellectual property of S. Korean brands on its platform
SEOUL, Dec. 6 (Yonhap) — Chinese e-commerce platform AliExpress said Wednesday it plans to invest 10 billion won (US$7.6 million) in South Korea over the next three years to better protect the …
China Focus: China’s new visa-free policy to boost tourism, economic exchanges
The visa-free entry policy is China’s latest effort to boost tourism and economic exchanges. Last month, China expanded its visa-free transit policy to include citizens from Norway for a 72/144-hour …
China’s state planner issues draft rules for coal production reserve system
China will establish a coal production reserve system by 2027 to stabilise prices and ensure sufficient coal supply, according to draft rules issued by the state planner for public comment on …
Oil prices fall on China concerns, skepticism on OPEC+ cuts
Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China.
Chinese brands chart new horizons in global market
At the just-concluded 2023 Boao Forum for Entrepreneurs in Boao, a coastal town in south China’s Hainan Province, Chinese entrepreneurs and experts believe technological innovation empowers Chinese …
Five Chinese EV brands that haven’t hit Australia… yet
With their own government manufacturing subsidies at home and a handy trade agreement here, these brands could be tempted by the Australian market …
Warning shot: China put on notice as it tries to fix its economic mess
while trying to cope with the destabilising legacies of China’s past economic and financial strategies. The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion.
How Chinese investors are thwarting China’s fight against dollar
As China grapples with the challenge of reducing its reliance on the US dollar, a wave of interest from Chinese investors in high-yielding dollar bonds is …
