Luckin eyes new challenge to Starbucks with potential Costa bid
China’s leading coffee chain is reportedly in discussions with one or more banks for a $900 million loan to finance a bid for the British coffee chain, which is being…
Vaping leader RLX wins over skeptics with global diversification
The company reported that more than 70% of its third-quarter revenue came from outside its challenging home China market Key Takeaways: Acquisitions in Asia and Europe lifted RLX’s revenue by…
BRIEF: Kuaishou’s third-quarter profit jumps as AI fuels growth
Short-video platform Kuaishou Technology (1024.HK) reported on Wednesday its revenue rose 14.2% year-on-year to 35.6 billion yuan ($5 billion) in the third quarter, while its profit jumped 37.3% to 4.49…
China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
Investors left crying as U.S. tariffs hit Goodbaby
The world’s leading producer of baby strollers and car seats is getting socked by a double whammy of U.S. tariffs and China’s baby bust Key Takeaways: Goodbaby reported its revenue…
Seeking a profile boost, Boxihe pivots to Hong Kong IPO
The maker of high-performance outdoor clothing is betting on rising demand for its Pelliot apparel range in China’s still relatively untapped market Key Takeaways: The company’s pre-IPO backers include Tencent…
Nissin seeks the right flavor mix to keep noodle sales rising
The Japanese instant noodle giant has reported solid earnings, but the pace has slowed in mainland China, where novelty and value for money are key factors Key Takeaways: Nissin revenues…
