China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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41 articles matching the search query.
Big box stores are dying and Carrefour China is on its last legs
Shelves are empty, staff are leaving, and Carrefour’s China operations — sold in 2019 by the French retail giant to Chinese white goods conglomerate Suning.com — is ready to breathe its last in China after 28 years. Blame ecommerce and COVID.
February 9, 2023 Source: The China Project
Benefits for rank and file staff, and salary cuts for executives at ecommerce giant JD.com
China’s second biggest ecommerce platform, JD.com, is lowering compensation for top managers and creating an enormous benefits package for regular staff in an apparent bid to align itself with government policies. But the move will only add uncertainty to the prospects for tech firms in China, and around the world.
November 22, 2022 Source: The China Project
Adidas just can’t do it in China anymore
As Adrian Siu attempts to save Adidas’s business in China with data analysis and cultural promotion activities, the company with the faded reputation is trying to swim against the (red) tide.
November 16, 2022 Source: The China Project
The Singles Day shopping festival: Not so crazy anymore after all these years
Where’s this year’s sales data? Alibaba and JD.com aren’t saying, and it seems Chinese shoppers are falling out of love with over-hyped online shopping festivals.
November 14, 2022 Source: The China Project
Chinese billionaire Richard Liu settles U.S. sexual assault lawsuit out of court
Financial terms of the settlement, announced in a joint statement from attorneys for both parties on Saturday, were not revealed.
October 3, 2022 Source: The China Project
Pinduoduo had a great quarter, and is sending strong signals that it will expand overseas
Growth in China’s ecommerce market is flattening, but agricultural and low-end goods ecommerce giant Pinduoduo has just reported great results for the second quarter. How long can the company keep expanding without venturing abroad?
August 31, 2022 Source: The China Project
With ‘instant retail,’ brick-and-mortar stores are making a comeback
Offline stores are back in the game. Local convenience stores are now delivering groceries, medicines, and clothes faster than Alibaba and JD.com can.
August 25, 2022 Source: The China Project
Giant Chinese companies delisting from U.S. exchanges signals the end of an era
Dexter Tiff Robers began reporting on Chinese companies in the 1990s as they first emerged on the world stage and began raising money on Wall Street. But now, as five more SOEs announce NYSE delistings, he thinks China’s corporate giants seem to be departing the U.S. for good.
August 19, 2022 Source: The China Project
Offline electronic appliances retailer Gome can’t compete with the ecommerce companies and is facing ruin
Gome and its charismatic founder, Huang Guangyu — who started out as a trash collector — made a fortune by selling discounted electrical appliances at big-box stores. Huang later spent a decade in jail for insider trading, but after he was released in 2020, he promised a return to the glory days.
August 4, 2022 Source: The China Project
Did this year’s 618 ecommerce festival pull China out of its consumer slump?
Overall growth rates this year are more muted than in the past, but underlying trends point to changes in consumption patterns in the near future.
June 21, 2022 Source: The China Project
Hikvision and JD.com are in America’s crosshairs
The U.S. may sanction Chinese surveillance companies for human rights reasons, and delist Chinese tech companies from American stock markets for lack of auditing transparency.
May 5, 2022 Source: The China Project
Following Tencent, mass layoffs at JD.com
JD.com is trimming 10-15% of the staff at a group-buying division, adding to the list of Big Tech firms that are slashing jobs to survive Beijing’s regulatory storm.
March 22, 2022 Source: The China Project
JD Logistics acquires domestic courier amid a rise in competition
JD Logistics has bought courier company Deppon Logistics for nearly $1.5 billion, becoming China’s second-largest logistics company behind SF Express.
March 14, 2022 Source: The China Project
Alibaba’s stock blues
Alibaba’s stocks plummeted all over the globe. At such cheap prices, should wary investors cash in?
March 7, 2022 Source: The China Project
Buoyed by Chinese consumers, L’Oréal defies earnings expectations
L’Oréal, the massive French beauty brand, posted record annual sales in 2021 on the strength of the Chinese cosmetics sector. The company’s future in China is bright as the country’s middle class is expected to expand by over 300 million people this decade.
February 10, 2022 Source: The China Project
Tencent off-loads share in gaming company
Tencent has off-loaded $3 billion worth of shares in the Singapore-based gaming and ecommerce firm Sea, in a move to align its portfolio to match the priorities of Beijing’s “common prosperity” and sustainability push.
January 5, 2022 Source: The China Project
Dull tech earnings chalked up to increased spending
A story from the The China Project A.M. newsletter. Sign up for free here.
November 19, 2021 Source: The China Project
China’s Singles Day avoids the limelight
How to run an event centered around rampant consumerism in the age of “common prosperity.” This story is from the The China Project A.M. newsletter — sign up for free here.
November 12, 2021 Source: The China Project
Can cheap robots solve Chinese labor shortages?
Chinese factories are experiencing electricity shortages that will affect the world’s supply of everything from iPhones to Christmas lights. Now they can’t find enough workers. Can robots help?
September 29, 2021 Source: The China Project
China steps up antitrust campaign with new draft rules targeting internet companies
China’s State Administration for Market Regulation published a set of draft regulations on internet companies that was remarkable for its detailed list of prohibited behaviors.
August 17, 2021 Source: The China Project