The auto giant will revamp its money-losing China and autonomous driving effort. GM stock tumbled after initially jumping before the open to a two-year high. Ford Motor, which reports Wednesday night, …
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Louis Vuitton Owner LVMH Misses Revenue Expectations After Fall in China Sales
The result compares with analysts’ forecasts of €42.22 billion, according to a poll of estimates compiled by Visible Alpha.
LV opens its first chocolate boutique in China; Chinese consumption market proves attractive for high-end brands
High-end luxury brand Louis Vuitton (LV) opened its first chocolate boutique in Shanghai on Monday, a positive sign for the international luxury brand to capture more of the consumer market in the …
China wants to raise its retirement age. People aren’t happy.
China’s Communist Party says it plans to raise the retirement age due to a growing elderly population. People don’t seem to be pleased.
Global tech outage leaves China unscathed, showcasing its drive for self-sufficiency
China’s home-grown companies offer alternative security software and cloud services. Read more at straitstimes.com.
Xi Jinping’s Government Hopes US Firms Can ‘Play A Strong Role’ In China’s Economy As Top Executives Visit Beijing
What Happened: The delegation, led by FedEx Corporation FDX CEO Raj Subramaniam, met with Chinese Vice-Premier He Lifeng and Foreign Minister Wang Yi. The visit aimed to gain first-hand insight …
The New Rules of Trade with China: Navigating Tariffs, Turmoil, and Opportunities
Trade tensions between the US and China have continued well beyond the Trump Administration’s tariffs. Harvard Business School faculty offer insights for leaders managing the complexities of doing …
Russia considers greenlighting crypto for international payments to bypass sanctions
As Russia trades with China, India, the United Arab Emirates … The U.S. is closely monitoring Russia’s usage of crypto to sidestep sanctions, with U.S. Treasury Secretary Janet Yellen recently …
Elon Musk Posts AI Video Featuring Xi Jinping With Controversial Winnie The Pooh Reference: Will it Harm Tesla’s Business In China?
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has once again stirred controversy with his social media activity, and this time it could have implications for his company’s business in China. What Happened: …
Analysis-Volkswagen is reeling in China. Can EVs help it grow in the US?
By Victoria Waldersee and Joseph White BERLIN (Reuters) -When Volkswagen Group last month invested $5 billion in U.S. electric truck-and-SUV maker Rivian, the startup’s shares soared on the cash …
Midea IPO: China’s market regulator approves top appliance maker’s Hong Kong listing
The Foshan-based company proposes to issue up to 650.8 million ordinary shares on the Hong Kong stock exchange, according to the CSRC.
China Electric Truck Startup Windrose to Raise $200 Million Before US IPO, Source Says
SHANGHAI (Reuters) – Chinese electric truck startup Windrose is aiming to raise $200 million in its final round of funding in equity investments and debt before it seeks an initial public offering in …
Apple and Micron Leaders Visit China as US Ramps Up Chip Curbs
The executives on Monday joined a US business delegation meeting Vice-Premier He Lifeng and Foreign Minister Wang Yi. He urged American firms to “participate aggressively in China’s further reform and …
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