BEIJING, Aug. 21 (Xinhua) — Here is some good news for coffee lovers in China: Chinese coffee giant Luckin Coffee recently opened its landmark 20,000th outlet, and German coffee brand Neumann Kaffee …
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China Launches Anti-Subsidy Probe on EU Dairy Imports
KEY TAKEAWAYS China has launched an anti-subsidy investigation into dairy imports from the European Union (EU).The probe comes a day after the EU updated import tariffs on Chinese-made electric …
China’s Didi Turns Profitable as Ride-Hailing Grows Ahead of IPO
China’s leading ride-hailing provider reported a net profit of 1.4 billion yuan ($196 million), from a small loss a year earlier. Revenue climbed 4.1% to 50.9 billion yuan, after ride-hailing …
HKEX Posts Quarterly Profit Growth as IPO, Trading Activity Picks Up — Update
concerns about China’s economy and foreign investors exiting the city, factors that have chipped away at Hong Kong’s reputation as a destination for global listings. The Hong Kong exchange operator …
LVMH’s Sephora Cuts Around 10% of Staff in China as Woes Deepen
Cosmetics retailer Sephora is cutting hundreds of staff in China, according to people familiar with the matter, as one of LVMH’s biggest brands tries to turn around a loss-making operation in the …
China opens investigation into EU dairy exports as trade tensions flare
The Commerce Ministry previously opened investigations into European brandy and pork exports at various stages of the EU investigation into Chinese subsidies for electric vehicles. The tit-for-tat …
China Launches Anti-Subsidy Investigation Into EU Dairy Imports
China has launched an antisubsidy investigation into dairy imports from the European Union, marking the latest escalation in trade tensions between the two sides.
In the News: Nasdaq Tightens Chinese Listings; China Tax Evasion; and US Closes Tariffs Loophole;
Nasdaq questioned the identities and backgrounds of Chinese IPO investors; China rolls out new phase of Golden Tax System; and U.S. Congress attempts to prevent Chinese companies from using de minimis …
China begins exporting innovative all-electric equipment — and it could revolutionize the construction industry
It’s no surprise that China has been developing new technologies to better serve the global environment, especially in the notoriously polluting cement and concrete industries, which make up 8% of the world’s planet-heating carbon pollution,
Hong Kong bourse posts first profit growth in three quarters as IPO activity gains momentum
Hong Kong Exchanges and Clearing (HKEX) 0388.HK has recorded its first profit growth in three quarters, achieving record revenue and income for the April-June period amid a resurgence in IPO and …
Walmart exits JD.com to focus on its own China business
Walmart (NYSE:WMT) has disposed its near 10% stake in JD.com (NASDAQ:JD), it disclosed in an exchange filing, sending the Hong-Kong listed shares of the Chinese e-commerce firm down 9.6% on Wednesday.
How China and Japan’s brotherhood of steel – forged by Deng Xiaoping – ultimately corroded
With a lengthy joint venture in steel between China and Japan coming to an end, analysts reflect on its broader meaning in the context of the two countries’ new roles in the global economy.
Walmart’s $3.6 Billion JD.com Sale Fuels China Tech Slump
Walmart Inc. is raising about $3.6 billion by selling its stake in Chinese e-commerce firm JD.com Inc., winding down an eight-year partnership that appears to be paying diminishing returns amid a …
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