Dolce & Gabbana’s public relations nightmare raged on overnight with many of China’s leading online shopping platforms removing the Italian brand’s products from their listings. NetEase and Kaola were the first to announce that they will stop stocking D&G goods. Searches by Caixin found that market giants Tmall and JD.com had also delisted all products […]
Category: Brief
A potential move by China’s top planning body could place the country’s property developers under increased financial stress as they battle with rapidly rising borrowing costs. The National Development and Reform Commission has reportedly told the market that it is looking at stricter regulations for companies hoping to roll over their offshore debt issuance quotas […]
Tesla Inc is reducing the price of its Model X and Model S cars sold in China, Reuters reports, as the electric car maker braces for a hit from the ongoing US-China trade war. The company, headed by tech mogul Elon Musk, announced that the two cars will be 12-26% cheaper in order to stay […]
The Chinese ambassador to Germany sought to assure Europe that China is committed to opening its market more to foreign competition in an interview with Die Welton Thursday. However, the official stressed that the country would have to do so gradually to protect its domestic firms, Reuters reports. Shi Mingde, the German ambassador, was likely trying to make […]
State-controlled asset manager Huarong, one of four such companies set up by Beijing to help institutions process bad debt, is offering investors new share certificates without the signature of disgraced former boss Lai Xiaomin after his arrest on corruption charges. The new certificates will bear the name and signature of Huarong’s new chairman, Wang Zhenfeng, […]