Top news of the week: 25.08.2022.
China Lockdowns Hammer Sales for Global Consumer Giants
China Lockdowns Hammer Sales for Global Consumer Giants - Those reporting sharply lower quarterly sales include Starbucks, Burberry, Richemont, Adidas, Gucci and Yum, though Apple held its ...
Are KOL Collaborations Still Important For Luxury Brands In China?
Chinese brands like Perfect Diary are riding the wave of nationalism and fostering relationships with KOLs to stand out in a cut-throat retail market.
Sweet Treats And Street Fashion: China Collabs Of The Week
From Champion's tie-up with Melting Sadness to Mizuno's capsule with Randomevent, sportswear brands are turning to local designers to build street cred.
Kuaishou’s overseas operations are currently focused in Brazil, where it operates the short video app Kwai, and in Indonesia with its SnackVideo app. The company
Kuaishou’s sharpened focus overseas reflects the urgency among Chinese online platform operators to pursue new growth initiatives outside their home market.
Chinese battery giant CATL posts strong Q2 profit on robust EV sales
CATL , the world's largest electric vehicle (EV) battery manufacturer, more than doubled its profit in the second quarter as Chinese authorities rolled out incentives to boost EV sales to ...
First Revenge Buying, Then Panic Selling. Is China’s Luxury Fever Cooling Down?
Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof?
The seventh Taobao Maker Festival started in the Chinese city of Guangzhou on Thursday
Taobao Market Festival takes place as e-commerce giant continues to battle economic headwinds and increased competition from the likes of Douyin.
Hong Kong broadcaster TVB posts record loss of HK$647 million
TVB says it is confident about further improvements as city’s economy has continued to rebound amid eased Covid-19 rules.