Growth in China’s services sector accelerated for the second consecutive month at the close of 2018, according to a monthly activity gauge, with results showing stronger business sentiment and foreign demand on the rise. The Caixin China General Services Business Activity Index rose to 53.9 in December from 53.8 in November, indicating the highest rate […]
Category: Consumer
The Chinese coffee chain startup, which opened its first shops just last year and has seen rapid expansion, plans to continue offering customers steep subsidies and discounts despite totting up nearly Rmb 900 million ($130 million) in losses. The comments, made by a Luckin Coffee spokesperson to TechNode, show that the company is sticking to […]
Chinese gaming companies believe that the government is on the verge of ending its 9-month halt of new title approvals, the Financial Times reports, which has setback growth in the world’s largest gaming market. The freeze of approvals came in March when a reshuffle of government departments rolled China’s media watchdog in with the Communist […]
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