INDUSTRY BRIEF: Carmakers speed up supplier payments amid calls to end price war
Several major Chinese automakers announced that starting Tuesday this week they will reduce payment times to their suppliers to within 60 days, amid repeated official calls opposing destructive price wars…
INDUSTRY BRIEF: Starbucks joins China coffee wars with price cuts
Starbucks Corp. (SBUX.US) said on Monday will lower the prices on some of its iced drinks in China by an average of 5 yuan ($0.70), according to media reports, as…
Starbucks looks for new friends in choppy China coffee waters
After seven years of operating its China stores independently, Starbucks is reconsidering returning to a partnership-based business model Key Takeaways: Starbucks is considering bringing in partners to its China operation,…
PODCAST: Solar Red Ink, and a ‘Blind Box’ Crackdown
A growing number of Chinese solar panel makers are falling into the red due to huge overcapacity and resulting price wars. What's needed to bring the industry back to health? And the Xinhua news agency warns against the addictive nature of 'blind box' collectible toys. Does this signal a new government crackdown ahead?
FAST NEWS: J&T’s loss narrows on strong Southeast Asia business
The latest: Logistics provider J&T Global Express Ltd. (1519.HK) announced Friday its non-GAAP adjusted loss last year narrowed 71% to 432 million yuan ($60 million). Looking up: J&T‘s revenue grew 21.8%…
Luckin Coffee profits get added kick from liquor-laced lattes
With a boozy new brew, the once scandal-tainted coffee chain has boosted its quarterly earnings and store numbers despite a brutal price war Key Takeaways: Luckin Coffee’s revenue and profit…
FAST NEWS: J&T Global stands still in IPO trading debut
The latest: Shares of Chinese logistics provider J&T Global Express Ltd. (1519.HK) opened at HK$12 in their Friday trading debut, unchanged from their IPO price. Looking up: The local portion…
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