Ford will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, the firm said at an event in Shanghai on Tuesday, Reuters reports. Ford’s sales in China have been weak in recent months, and the company is scrambling to come up with electric and hybrid vehicles to comply with strict Chinese quotas […]
Category: Consumer
A survey of 2,012 Chinese consumers has found that 84.1% of them believe the country’s manufacturing sector will have a brighter prospect, China Youth Daily reported on Dec. 5. Chinese products strike a balance between quality and affordability, said a university student in Beijing. Products including agricultural products, textiles, and ceramics also have good reputation […]
The sudden eviction of tens of thousands of migrant workers from their homes in Beijing is threatening the business model of the country’s booming ecommerce industry, according to the Financial Times. Low-wage migrant labor is used to transport everything from toothpaste to televisions across the “last mile” of China’s sophisticated logistics network. Dirt-cheap wages make […]
Lenovo Group has sold a Wuhan research and development (R&D) facility to China New Town Development, the computer-maker’s latest disposal of a real estate asset this year amid lackluster earnings in its mobile phone and PC businesses, Caixin reports. Beijing-based Lenovo will sell 100% of its equity interest in Lenovo Mobile Communication Software (Wuhan) Ltd., a […]
Sichuan Swellfun, owned by London-based international alcoholic beverage giant Diageo, is seeking to take on rival Kweichow Moutai at the top of the shelf, launching a baijiu priced at an eye-watering 1,699 yuan ($256), Caixin reports. That is roughly the price of 10 comparably sized bottles of Jack Daniels whiskey or Absolut vodka. Swellfun’s new […]