LVMH Moët Hennessy Louis Vuitton said net profit plummeted 84 percent in the first six months of the year, although it forecasts a gradual recovery in the second half, supported by a strong recovery ……
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European stocks close lower with U.S.-China tensions, coronavirus in focus; travel stocks down 2.8%
European markets were mostly lower Monday as investors continue to monitor rising diplomatic tensions between the U.S. and China, while travel stocks tumbled after the U.K. imposed quarantine measures … ( read original story …)
Victoria Beckham Beauty Eyes China, Launches Flagship on Tmall Global
You can’t be a successful global brand without a solid China business—it’s just not possible these days,” said Sarah Creal, co-founder and chief executive of Victoria Beckham Beauty. ( read original story …)
Beijing attracts US-listed Chinese firms to come back home, amid worsening ties
“While putting effort into anti-pandemic combat, Beijing will continue to promote development and … Nasdaq recently enhanced IPO criteria for companies operating in “restricted markets” – … ( read original story …)
Electric SUV maker seeks up to $950 million in U.S. IPO
Li Auto Inc., a Chinese electric carmaker, is seeking as much as $950 million in a U.S. initial public offering. The Beijing company, which develops, manufactures and sells smart SUVs, plans to sell … (…
Trade, technology and security at risk in US-China feud
TRADE Both countries already have suffered heavy losses in a tariff war that erupted in 2018 over Beijing’s technology ambitions and trade surplus. If talks on ending the dispute fail, the world could … (…
China’s new mini-IPO market gets off to frenzied trade, triggering circuit breakers
IPO market kicked off trading on Monday in a frenzy as circuit breakers were triggered for both surging and slumping stocks on their debuts. ( read original story …)
Fashion’s Cry for Help on Forced Labor in China
“Brands are very much able to assess who they … said 84 percent of the cotton grown in China comes from Xinjiang, accounting for about 18 percent of global production. There is very little ……
Chinese Electric SUV Maker Seeks Up to $950 Million in U.S. IPO
Li Auto Inc., a Chinese electric carmaker, is seeking as much as $950 million in a U.S. initial public offering. ( read original story …)
China-Backed Crypto Guru Wants to Unify the World’s Blockchains
Think of it as the crypto-world equivalent of a cloud service like Amazon … government and individual users primarily from China. Red Date, backed by the nation’s top economic planner, is the … ( read…
The Guardian view on China and the Uighurs: everyone’s business
It has taken too many horrors, but at last the world is paying heed to China’s treatment of the Uighurs. Satellite pictures of detention camps, and procurement requests for spiked clubs, have been … (…
BSN ‘Split’ Can Stimulate China’s Blockchain Sector Toward Global Reach
Launched in April 2020, China’s Blockchain Service Network was designed to serve as a hosting platform for small and medium-sized businesses as well as independent entrepreneurs alike. ( read original story …)
China Doesn’t Want to Conquer, Just Do Business
Brown/AFP/ Secretary of State Mike Pompeo said Thursday that the purpose of China’s People’s Liberation Army is not to protect its homeland but to “expand a Chinese empire.” Earlier this month, he … ( read…
