Gucci’s new chief in China will lay out his strategy to revive the label’s sales in the key Asian market in the next few weeks, the finance chief of parent company Kering said on Thursday.
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China’s US$3.5 trillion stock sell-off seen nearing end, as share buy-backs, buying by fund managers indicate recovery
Indicators such as share buy-backs, buying by fund managers and attractive valuations hint that the worst may be over for mainland-listed stocks.
Kweichow Moutai is beating China’s covid hangover
For Kweichow Moutai, the episode barely registered. The devastating lockdown in its home province notwithstanding, on October 16th the company reported net profits of 44bn yuan ($6.2bn) in the first …
Currency/China ADR Weakness As Hong Kong Sees Massive Buying From Mainland Investors
BEKE’s 1-year average volume is almost 14mm shares, so this was a significant sale leading to speculation that an asset manager was forced to sell or have redemptions leading to potential future sales …
China, ‘factory of the world,’ is losing more of its manufacturing and export dominance, latest data shows
China has been the ‘factory of the world’ for decades, but Covid and gains made in recent years by nations including Vietnam in manufacturing are taking a toll.
Saudi Aramco to push ahead with IPO of oil-trading unit – Bloomberg News
Saudi Aramco is pushing ahead with plans for an initial public offering of its energy-trading business and is targeting a listing in Riyadh for the end of the year or early 2023, Bloomberg News …
US think tank brands military ‘weak’ in face of ‘aggressive’ China
The right-wing Heritage Foundation says Beijing is expanding its strength ‘with the cunning of serpents’ and compares the Taiwan situation with Ukraine Report says US military is ‘ill-equipped’ to …
China holds emergency talks with semiconductor companies after US export controls: report
China is holding a number of emergency talks with several semiconductor companies to understand the impact they are facing from the U.S …
European Auto Makers Face 2023 Profit Hit While Industry Seeks China Import Action
European auto profits will dive in 2023 as the recession kicks in and inflation bites. Mondial de l‘Automobile showed competition from China gathering pace and manufacturers want a level playing field …
Chinese crypto activity slows but not dead despite ban
Cryptocurrency transactions in China have picked up in recent months despite a ban in September 2021, suggesting that trading restrictions imposed by Beijing have been largely bypassed by determined …
TikTok’s Chinese Version Douyin Turns Up Heat on Rival Looking to IPO With New Gym Channel
Douyin, the Chinese version of TikTok, has opened a gym channel, encouraging users to work out via cash rewards while turning up the pressure on rivaling mobile application Keep which is planning an …
Is it time to invest in China’s internet giants? Two strategists weigh in
Investors are beginning to think twice about whether buying into China’s highly regulated technology sector is worth the risk.
Sustainable Fashion in China: An Emerging Trend in the Apparel Industry
Interest in sustainable fashion is beginning to take root in China, driven by young, urban, and environmentally conscious consumers.
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