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How Mixue climbed to top of China’s bubble tea market with $1 drinks

How Mixue climbed to top of China’s bubble tea market with $1 drinks

Starting as a small shaved ice stall, ice cream and tea chain Mixue has surpassed its rivals in China’s bubble tea market thanks to its affordable products, costing just US$1.
China top billionaires’ wealth grows for first time in 4 years

China top billionaires’ wealth grows for first time in 4 years

China's 'erotic clothing' capital braces for Trump and e-commerce crackdown

China's 'erotic clothing' capital braces for Trump and e-commerce crackdown

China launches anti-monopoly probe into Nvidia

China launches anti-monopoly probe into Nvidia

China said on Monday it has launched an investigation into Nvidia over suspected violations of the country's anti-monopoly law, in a move widely seen as a retaliatory shot against Washington's latest curbs on the Chinese chip sector.
December 9, 2024 | 07:00 pm PT
Urban Revivo steps up global expansion after outgrowing Zara, H&M in China

Urban Revivo steps up global expansion after outgrowing Zara, H&M in China

Chinese fast fashion retailer Urban Revivo is planning to expand and compete in the international market after surpassing global giants Zara and H&M on its home turf.
December 8, 2024 | 03:09 pm PT
Global billionaire wealth surges by $2T, fueled by US gains

Global billionaire wealth surges by $2T, fueled by US gains

The wealth held by the world's billionaires jumped by US$2 trillion, or about 17%, over the past year, according to Swiss bank UBS.
December 5, 2024 | 06:14 pm PT
Property developer Agile’s chairman loses $16M over Hong Kong luxury flat fire sales

Property developer Agile’s chairman loses $16M over Hong Kong luxury flat fire sales

Chen Zhuolin, chairman of Chinese property developer Agile Group, has sold nine flats in a luxury project in Hong Kong at 53-63% discounts, incurring losses of HK$123 million (US$15.8 million).
November 26, 2024 | 07:28 pm PT
China finds $83B worth of gold reserves in Hunan

China finds $83B worth of gold reserves in Hunan

China has found gold reserves worth 600 billion yuan (US$82.9 billion) in central Hunan province, according to state outlet Xinhua news.
November 23, 2024 | 08:19 pm PT
Luckin Coffee: from filing for bankruptcy to outselling Starbucks in China

Luckin Coffee: from filing for bankruptcy to outselling Starbucks in China

Luckin Coffee filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone Starbucks as China’s leading coffee chain.
November 23, 2024 | 04:43 pm PT
China expands visa-free access to Japan, Bulgaria and other countries

China expands visa-free access to Japan, Bulgaria and other countries

China will expand its visa-free arrangements to include Japan, Bulgaria, Romania, Croatia, Montenegro and other countries, effective from Nov. 30, 2024, to Dec. 31, 2025, a foreign ministry spokesperson said on Friday.
November 22, 2024 | 01:58 am PT
Fruit, vegetable exports soar 27%

Fruit, vegetable exports soar 27%

Exports of fruits and vegetables were worth an estimated US$6.6 billion in the first 11 months of 2024, a 27% increase from a year earlier.
November 21, 2024 | 07:57 pm PT
Shrimp exports surge 13% in 10 months

Shrimp exports surge 13% in 10 months

Vietnam’s shrimp exports soared by 13% year-on-year to US$3.2 billion in the first 10 months of 2024.
November 20, 2024 | 09:08 pm PT
China’s tycoons sell luxury Hong Kong homes at steep discounts

China’s tycoons sell luxury Hong Kong homes at steep discounts

Some wealthy Chinese have been selling their high-end homes in Hong Kong, one of the world’s most expensive luxury property markets, at fire sale prices this year.
November 19, 2024 | 03:32 pm PT
China surpasses Japan in number of auto brands in Vietnam

China surpasses Japan in number of auto brands in Vietnam

For the first time, the number of Chinese auto brands has surpassed Japanese brands in Vietnam this year, though Japan continues to lead in market share.
November 17, 2024 | 03:32 pm PT
8 dead, 17 hurt, in China school knife attack: police

8 dead, 17 hurt, in China school knife attack: police

Eight people were killed and 17 others wounded Saturday in a knife attack at a vocational school in eastern China, and the suspect -- a former student -- has been arrested, police said.
November 16, 2024 | 07:59 pm PT
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