Business
Alibaba Group reported a rise in quarterly revenue, driven by strong performance in its cloud computing and artificial intelligence divisions, alongside steady growth in its e-commerce operations. The Chinese technology giant posted a 3% increase in revenue for the fourth quarter, supported by expanding......
A Dior pop-up installation in Nanjing has turned a luxury retail space into a large-scale edible-inspired set design to launch the brand’s Cigale handbag. Located in front of Deji Plaza, the temporary structure features a monumental cake-like sculpture already partially “eaten”, designed......
China’s Ministry of Commerce announced that it has taken legal measures to block sanctions imposed by the United States on five Chinese oil refineries, escalating tensions between the world’s two largest economies. According to official statements reported by state media, the decision aims......
The United States Treasury has imposed sanctions on Hengli Petrochemical, one of China’s largest independent oil refiners, accusing the company of purchasing billions of dollars worth of Iranian crude oil. The sanctions also target dozens of shipping companies and vessels allegedly involved in......
French luxury group Kering, the owner of Gucci, has announced that it will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new strategic partnership with its parent company, ICCF. The investment reflects Kering’s continued efforts to strengthen its presence in the......
Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter. The move comes after a previous agreement to sell the business to U.S.-based......
China-based Victory Giant Technology is expected to price its Hong Kong initial public offering at the top of its indicated range, reflecting strong investor demand despite global market volatility. The company plans to sell shares at HK$209.88 each, aiming to raise approximately HK$17.5 billion (about......
ASML is set to report its first quarter 2026 results on April 15, with investors focusing on both financial performance and a major change in disclosure policy. The company said it expects quarterly revenue between 8.2 and 8.9 billion euros, with gross margins of 51 to 53 percent. Analysts estimate revenue......
The former chairman of China Evergrande Group, Hui Ka Yan, has admitted guilt in a major fraud case, marking a dramatic fall from one of the most powerful figures in China’s property sector to a central figure in its largest corporate collapse. Once celebrated as the founder of a real estate empire......
Chinese investment in Brazil is undergoing a major transformation, shifting away from large-scale infrastructure projects toward consumer-focused industries such as food, retail, and services. A new wave of companies from China is increasingly targeting Brazil’s more than 200 million consumers,......
A strategic partnership between Marita and Gotion High-Tech highlights Morocco’s growing role as a regional energy hub, with a focus on storage technologies and industrial expansion across Africa. As global energy systems undergo rapid transformation, Morocco is positioning itself at the forefront......
Nike’s efforts to stabilize its business are encountering fresh challenges as unrest in the Middle East threatens to affect global operations. The sportswear giant also continues to struggle with slower sales growth in China, a key market for the company. Executives have warned of a notable drop......
BASF inaugurated Thursday its massive Verbund integrated chemical complex in Zhanjiang, Guangdong province, southern China the company's biggest single investment in 160 years at 8.7 billion euros across four square kilometers employing over 2,000. Launch timing shadows short-term profitability amid......
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