China’s top economic planning agency is investigating costs and prices charged by drugmakers, including units of GlaxoSmithKline and Merck, as foreign firms come under pressure from Beijing over possible price-fixing. The move follows a separate probe into instant milk powder,… Read More ›
Wearing a floral brocade cardigan and toting a Huawei smartphone, Guo Qian, 22, gushes over her latest purchases on Taobao, China’s largest e-commerce platform. As an administrative worker, Guo makes only 3,000 yuan a month and spends most of it…. Read More ›
Chinese state media reported that, from January of last year to the end of last month, more than 20,000 college students in the central city of Wuhan applied for 160 million yuan of “high-interest rate loans” from Home Credit China. Beijing’s saturation coverage… Read More ›
KFC parent Yum Brands Inc on Monday warned that it expects 2013 earnings to shrink rather than grow, as it grapples with a food safety scare in China where it makes more than half of its overall revenue. Yum shares… Read More ›
I said it three years ago. New York’s entrepreneurial spirit is in Hong Kong… and lo! The results are starting to show. It’s not being British or American or Spanish or French or Chinese that makes one prosperous—it’s one’s commitment to freedom… Read More ›
From large tracts of rural land to sand from the country’s rivers to human hair, a host of Cambodia’s natural resources are on display in the shop window of China’s largest online trading website. Alibaba.com—which claims more than 80 million… Read More ›
If I were asked the question “what is it that has changed the life of common Chinese the most during the past five years,” my answer would definitely be Taobao.com. Taobao is an online market place similar to E-bay. Since it… Read More ›
Swatch Group, the world’s biggest watchmaker, is expecting high single or double-digit sales growth this year as demand from China and for middle and lower-price products holds up in the face of global economic uncertainty. “We are trying to beat… Read More ›
China‘s consumers are cooling towards discretionary spending, preferring to salt money into savings or education for their children, according to a Nielsen survey of Chinese consumer confidence published on Thursday. Although Nielsen found that Chinese consumer confidence rose in the… Read More ›
Starbucks Corp is on the rise in China with ambitious expansion plans but like any big new emerging market there are teething problems, not least of which is that customers love it so much, they stay for hours and hours… Read More ›
Wal-Mart Stores is emphasising improving results in international markets where it already operates, such as China, over entering new markets, its top international executive said on Thursday. “Our focus this year in particular has been on improving returns with our… Read More ›
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