A Year Into Pandemic, China Demand Drives Global Luxury

SHANGHAI — First to get hit with the COVID-19 virus more than a year ago, China has also emerged quickest out of the pandemic-induced lockdown. Thanks to a combination of high mask-wearing compliance, aggressive tracking of its population with QR codes, and weeks-long quarantine policies, it has become one of

Lululemon Doubles E-commerce Business, But Plans to Open 40 to 50 Stores This Year

Lululemon Athletica continues to benefit from the activewear boom and prolonged emphasis on comfort as consumers work from home.  The Vancouver, British Columbia-based athletic apparel and accessories firm revealed fourth-quarter and full-year earnings Tuesday after the market closed, improving on top-line revenues and logging a $588 million profit for the

China warns firms not to engage in politics over Xinjiang

BEIJING (Reuters) – Chinese officials on Monday said Sweden’s H&M and other foreign companies should not make rash moves or step into politics after the companies raised concerns about forced labour in Xinjiang, sparking a furious online backlash and boycotts.FILE PHOTO: Xu Guixiang, deputy head of Xinjiang’s publicity department holds

Mexico turns to China after Biden rules out Covid-19 vaccines sharing in short term

MEXICO CITY (REUTERS) – Mexico is turning to China to fill a vaccine shortfall with an order for 22 million doses, Foreign Minister Marcelo Ebrard said on Tuesday (March 9), a week after US President Joe Biden ruled out sharing vaccines with Mexico in the short term. President Andres Manuel

China has UPPER HAND if war breaks out with USA – ‘Extremely challenging’ for US military

South China Sea: Expert predicts no conflict for five years When you subscribe we will use the information you provide to send you these newsletters.Sometimes they’ll include recommendations for other related newsletters or services we offer.Our Privacy Notice explains more about how we use your data, and your rights.You can

China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources

HONG KONG (Reuters) – China’s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm’s capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.FILE PHOTO: A sign of Ant Group is seen

Tencent executive held by China over links to corruption case: WSJ

FILE PHOTO: A logo of Tencent is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang(Reuters) – An executive at Tencent Holdings Ltd has been held by Chinese authorities as part of a probe into a

China hedge funds add $268b in assets in 2020, trouncing Wall Street rivals

BEIJING (BLOOMBERG) – China’s army of tiny hedge funds are pulling further ahead of their better-known foreign competitors with outsized gains helping them attract more assets. The nearly 15,000 funds offered by Chinese managers returned 30 per cent on average last year, with the best-performers surging 10-fold, according to Shenzhen