Italian fashion label Dolce & Gabbana has cancelled a Shanghai fashion show after a controversial advertising campaign drew fury from Chinese social media, with dozens of local celebrities pledging to boycott any event, the Wall Street Journal reports. The video ad, portraying a glamorous Chinese model attempting to eat Italian food with chopsticks, was deemed […]
Category: Brief
The Shanghai and Shenzhen stock exchanges have made proposals to reduce the time that listed companies can suspend their shares, Bloomberg reports, amid concerns that some firms are using the tool to avoid volatile markets. Trading halts to allow for restructuring will be limited to 10 days if the proposals are confirmed, according to the […]
New regulation requiring unofficial overseas importers, or daigou, to sell goods on licensed shopping platforms subject to tax could be a windfall for foreign brands in China’s fast-growing consumer market, the Financial Times reports. Many Chinese shoppers have leveraged personal contacts abroad to send or buy foreign goods on their behalf, due to a lack […]
The Financial Times has reported that e-commerce giant JD.com used hundreds of students from a local vocational school in its warehouses to manage Singles’ Day orders, paying them as little as Rmb 14 ($2) per hour. Students said that they were made to work 12- to 16-hour shifts, including overnight stints, being told they would […]
Chinese tech giant Meituan Dianping has received clearance to issue $722 million worth of securities backed by loans to small businesses despite the ongoing crackdown on microlenders in China, Caixin reports. Meituan says it is ready to issue its first RMB 500 million ($72 million) batch of securities, which are backed by small loans provided by a […]