Mainland China’s retail and retail property sectors have suffered another blow amid a fresh wave of store closures by foreign and Hong Kong brands, reports the South China Morning Post. High-profile closures include Lane Crawford, Ikea, Triumph, Zara and Zara Home. Multinational furniture retailer Ikea said seven mainland stores would cease operations from February 2. As of December 31, German lingerie maker Triumph Group […]
Author: will
China’s top-tier cities struggled with a worsening glut of premium office space in 2025, as new supply outpaced demand by more than double, reports Caixin. The oversupply was most severe in the southern tech capital of Shenzhen, where the supply-demand ratio soared to 2.7 to 1—far higher than levels in other major markets. Muted demand has […]
China has launched a market competition probe and assessment for its food delivery platforms, reports the South China Morning Post. Analysts said the move was an affirmation of the country’s determination to continue to combat self-defeating competition. “Recently, issues such as excessive subsidies, price wars and control over traffic flow in the online food delivery platform […]
China can narrow its technological gap with the US driven by growing risk-taking and innovation, though the lack of advanced chipmaking tools is hobbling the sector, reports Reuters. This is based on comments from the country’s leading artificial intelligence researchers. Yao Shunyu, a former senior researcher at ChatGPT maker OpenAI who was named technology giant Tencent’s […]
The US Federal Communications Commission (FCC) has carved out targeted exemptions from its sweeping drone import ban, allowing select foreign-manufactured drones and components to remain in the US market, while reinforcing its hardline stance against Chinese suppliers, reports Caixin. The exemptions, announced January 7, refine a broader prohibition imposed in December 2025 over national security concerns. […]