BAODING, China — Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost…
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China Bank nets P6.45B
Sy family-led China Banking Corp. grew net profit last year by 15 percent to P6.45 billion on higher interest earnings, fee-based revenues and treasury gains. Reporting sustained growth in core businesses across all market segments,…
First China-produced passenger plane set for its maiden voyage
YIN LIQIN / FOR CHINA DAILY Chinese manufacturers are preparing to take the nation’s first passenger plane on its maiden flight. The locally designed and built aircraft marks a significant milestone in Chinese manufacturing, as…
China's unicorn shortcut sidelines IPO reform
The securities watchdog is mulling faster IPO approvals for big tech names … from Hong Kong and New York will come at the expense of genuine liberalisation. Beijing’s micromanagement of the pace and pricing of…
China’s Condom Conundrum: 30 Percent of Foreign Brands Fail Quality Standards Says Government
Foreign condom brands vying for a greater share in the Chinese market suffered a blow recently when several failed to pass quality control standards. According to China’s General Administration of Quality Supervision, Inspection and Quarantine…
Global luxury brands failing to leverage WeChat-led omni-channel to conquer China
Leading global luxury brands have little or no direct e-commerce offering in China, because they are failing to develop proper cross-channel strategies led by WeChat commerce. Luxury brands have trailed other retailers in digital adoption,…
500 years ago, China destroyed its world-dominating navy because its political elite was afraid of free trade
Vmenkov / Wikimedia, CC In the 1400s, China owned the greatest seagoing fleet in the world, up to 3,500 ships at its peak. (The U.S. Navy today has only 430). Some of them were five…
Report: Chanel, Prada Among Brands Chinese HNWIs Most Aspire to Buy in 2017
Prada is listed as the number two luxury brand China’s millionaires aspire to buy in the next year, according to a recent report by Agility Research and Strategy. (Shutterstock) Chinese consumers have often been referred…
Global luxury brands failing to leverage WeChat e-Commerceled omni-channel to conquer China
Leading global luxury brands have little or no direct e-commerce offering in China, because they are failing to develop proper cross-channel strategies led by WeChat commerce. Luxury brands have trailed other retailers in digital adoption,…
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Fake Ferrero and Mars chocolate seized in China
The seized counterfeit chocolate included western brands, such as Ferrero and Mars’ Dove, which had been sold to several candy stores at Changzhou City and Nanjing City in Eastern China for the past two years.…
From diet pills to underwear: Chinese firms scramble to grab Ivanka Trump trademark
Taking advantage of – or faking – foreign brands is common in China, as is the practice of “trademark squatting,” whereby someone preemptively registers a spurious trademark claim in the hope they will later be…
IGN launches in China
The games industry in China is amongst the most successful in the world, however media brands, developers and publishers from the West has struggled to succeed in the market. IGN hopes that by teaming up…
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