Top news of the week: 13.10.2022.
Tesla Smashes Its Monthly China Sales Record
The U.S. company’s sales of China-made electric vehicles jumped 8% in September as the country’s auto market is reviving with the help of government support
How Ultra Luxury Is Conquering China
As the economy slows down, Gen Zers are cutting their luxury spend — meaning brands must look to alternative consumer bases such as the more mature UHNWIs.
China SCE and Shimao Units Miss $225 Million in Trust Payments
China SCE and Shimao Units Miss $225 Million in Trust Payments - Property developers’ bank accounts frozen following another in a string of defaults amid the industry’s long-running ...
Tod’s Returns To Profitability While Nike Feels The China Squeeze
Despite beating estimates and boosting global sales, Ferragamo, Tod’s, and Nike all felt the effects of China’s COVID-19 restrictions on their bottom line.
PC Shipments Drop in Third Quarter From 2021
Lower demand and supply chain problems pushed shipments lower than last year, according to IDC.
In Depth: How the collapse of China’s housekeeping platforms hurt workers
Hong Kong shouldn’t take a back seat to Singapore as a global financial center, its financial chief says. Shanghai scrambles to stop saltwater flowing into two major reservoirs. Kanzhun ...
Hong Kong’s successful recovery will depend on a reopened mainland border
The positive steps seen in recent weeks offer hope, but the primary driver of the Hong Kong economy is the mainland, and anything less than free movement across it will leave an anaemic ...
‘Bigger breasts’: Chinese drink maker at it again, suggesting coconut milk makes women busty, despite earlier fines for same claims
A Chinese drink maker is under fire again for an online streaming ad campaign implying its products will make women’s breasts larger, after being fined twice for similar false claims in ...