Yum Brands, the global owner and franchiser of popular restaurant chains such as KFC, Pizza Hut, and Taco Bell, operates Yum China as a master franchisee. The franchisee oversees the operation of these three brands within Mainland China and has been…
In a recent development, China’s market regulator has enforced stringent measures on the supermarket chain, Sam’s Club, which is owned by Walmart. The regulator has initiated these steps as part of a bid to eradicate food safety risks from the company’s…
In the bustling city of Shanghai, a unique business model is quickly gaining popularity. Paw, a self-proclaimed preschool for dogs, is leveraging a new trend among Chinese millennials who are increasingly viewing their pets as family members and investing…
In 2005, Muji, the Japanese lifestyle retailer, established its first store in Mainland China at one of Shanghai’s prime retail destinations, Nanjing West Road. Today, 20 years later, the company has adopted a subtler growth approach in China. Despite making…
TH International, the parent company of Tims China, master franchisee of Tim Hortons coffee shops, has announced the appointment of Kwok Wah Cheung as its new CEO, effective June 15. Experience and Expertise Cheung brings his wealth of experience to this new…
South Korean fashion marketplace, Musinsa, is advancing its business strategy in China by launching on Tmall Global, the cross-border e-commerce platform owned by Alibaba Group. This step builds upon Musinsa’s initial foray into the Chinese market last year…
United Overseas Bank (UOB) recently unveiled a series of significant leadership shifts within its operations in China and Hong Kong. This announcement is a testament to the bank’s dedication to fortifying its cross-border business operations between China and…
Germany’s renowned skincare brand, Babor, recently launched its first flagship store in mainland China, specifically in Shanghai, as part of its bid to augment its foothold in one of the world’s major beauty markets. An Experiential Retail Concept Situated in…
Temu, a prominent Chinese online retailer, has been penalized with a €200 million (US$232 million) fine by European Union (EU) tech regulators for their apparent laxity in addressing the sale of prohibited products on its platform. The judgement came as part…
As part of its ongoing global growth strategy, Skims, the shapewear and apparel brand, has announced plans to launch its first flagship store in Greater China. This major milestone will be located in Hong Kong’s bustling Times Square in Causeway Bay, with the…
Standard Chartered Bank China (SCB China) recently completed its first-ever Qualified Foreign Investor (QFI) investment in China Government Bond (CGB) Futures following the market’s recent opening. The bank served in dual roles, both as the QFI’s custodian…
Air China Cargo Co., Ltd. has cemented a deal with Airbus to procure an additional four A350F freighters. This agreement expands the company’s total order for this aircraft model to 10 units, supplementing the six A350F freighters previously ordered in…
British streetwear brand, Palace, is set to inaugurate its first independent retail store in Mainland China, within the historic district of Zhangyuan in Shanghai. The store, which opens its doors to the public this Friday, draws inspiration from the…
Yum China, the company responsible for managing KFC and Pizza Hut chains across the nation, is broadening its reach by doubling its KPRO stores. The KPRO stores, which specialize in low-calorie meals, are set to reach 600 by the end of this year, following a…
Yum China has announced plans to expedite the expansion of its light-meal brand, Kpro, following its current establishment of over 300 locations across the country. The company’s stated ambitions to double its stores by year’s end, from around 200 last year…
Alibaba, the Chinese technology behemoth, is set to revolutionize the way consumers search for products online. The company plans to link its artificial intelligence (AI) system Qwen to Taobao and Tmall’s online catalogues, which together comprise over 4…
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