Yonghui Superstores Co. Ltd.’s sweeping effort to remodel its outlets has driven an 80% average increase in customer traffic at revamped stores, Chief Executive Wang Shoucheng said on Sunday, reports Caixin. Speaking at a new product launch, Wang noted that over 60% of stores that have stabilized post-revamp are now more profitable than at any […]
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China’s exports rose an annual 8.3% in September, customs data showed on Monday, compared to 4.4% growth in August and registering the fastest growth since March. The higher number is a good thing on the surface, but renewed threats of greater tariffs by Donald Trump have added another layer of doubt to the sustainability of […]
The Dutch government said on Sunday it is intervening at Dutch chipmaker Nexperia, which manufactures computer chips for the car and consumer electronics industries, due to worries about the possible transfer of crucial technology to its Chinese parent company, Wingtech, reports Reuters. The Ministry of Economic Affairs said its intervention was in reaction to administrative […]
A Hong Kong court has ordered China Evergrande Group chairman Hui Ka Yan—whose name is Xu Jiayin in Mandarin—to relinquish control of his worldwide assets to the property developer’s court-appointed liquidators, intensifying a complex, years-long effort to recover billions for creditors, reports Caixin. According to a court document dated Sept. 16, the High Court designated […]
China has launched an antitrust investigation against US chipmaker Qualcomm and imposed fees on American-owned ships docking at Chinese ports, as trade tensions mount between the two nations, reports the Financial Times. China’s State Administration for Market Regulation on Friday said Qualcomm failed to report its June acquisition of Israeli technology company Autotalks in accordance […]