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United Overseas Bank (UOB) Private Bank has announced the appointment of seasoned banker Paul Zhou as the Market Head for Greater China. This strategic move is aimed at accelerating the bank’s expansion plans in one of Asia’s most fiercely contested wealth…
Alibaba, the Chinese tech behemoth, has announced that its projected artificial intelligence (AI) investment over the next triennium will surpass the initial estimation of 380 billion yuan (US$55.96 billion). This decision has been driven by promising…
JD.com, a major player in the Chinese e-commerce sector, has surpassed first-quarter revenue and profit expectations, provoking interest among investors about the role of Beijing’s subsidy program in maintaining this positive trend amidst rising tariffs and…
Eternal Beauty, a leading perfume conglomerate in China, is on a rapid expansion spree. The group recently announced the opening of four new stores in Beijing, Shanghai, and Shenzhen. Eternal Beauty, which is listed in Hong Kong, specializes in the…
The Hong Kong Exchanges and Clearing (HKEX) is advancing its plans to rejuvenate the trading of gold futures as the demand for the commodity keeps escalating across mainland China. This move comes amidst the city’s pursuit to introduce fresh gold products and…
The surge in diesel prices, precipitated by conflict with Iran, could hasten the electrification of China’s heavy-duty truck fleet this year, according to market analysts and auto manufacturers. This shift could further expedite the decline in fuel…
China’s leading convenience store chain, Meiyijia, is propelling its expansion into Southeast Asia with the launch of its first stores in Vietnam under a fresh international brand, Ohmee. Marking the company’s maiden retail venture beyond China, three stores…
The surge in food deliveries is significantly transforming KFC China, the country’s top restaurant brand, leading to increased sales but tighter profit margins. Delivery sales for the brand witnessed a year-on-year growth of 33%, making up approximately 55%…
Swedish furniture giant, Ikea, is intensifying its expansion strategy in China by launching a more compact store model in the eastern part of Beijing. This move is part of the company’s shift from its traditional large-scale stores towards smaller and more…
Yum China, a leading retail company, has announced the launch of an ambitious expansion plan, following a highly successful first quarter for FY26. The company reported 636 net new store openings, setting a record-high figure. Impressive Financial Performance…
Recognized as an influential player in the footwear industry, Spain’s Satorisan has successfully broken into the Chinese market. This strategic move is part of their ongoing venture to expand their reach across Asia, following a solid foundation laid in…
Standard Chartered has welcomed Doris Wong to the company in the role of Head of Coverage for Greater China and North Asia (GCNA). Wong’s employment will be effective beginning on June 1. Working from Hong Kong, Wong will be a member of the Client Coverage…
Moncler Group, the parent company of Moncler and Stone Island, has announced a robust first quarter. The company’s earnings were primarily driven by sales in Asia. First Quarter Sales Surge The group registered a substantial $1.03 billion in sales during the…
A recent agreement has paved the way for Vietnamese pomelos and lemons to be exported to China. This phytosanitary requirements protocol was formalized between Vietnam’s Ministry of Agriculture and Environment and the General Administration of Customs of…
Texas Chicken, a prominent quick-service restaurant chain, is set to expand its footprint to China. The company plans to inaugurate its first restaurant in the country later in the year, following a significant deal to open over 600 establishments nationwide.…
In the first quarter of 2026, Vietnam saw a nearly 8% increase in seafood exports, amounting to a substantial US$2.64 billion. A primary factor fueling this growth was robust demand from China. China’s Role in Vietnam’s Seafood Industry During this period,…
