China’s top 10 listed department stores by market value
As of Dec 29, 2023, the market value of the 43 listed companies in the department store retail industry totaled 262.38 billion yuan, according to a market research and consulting…
Corporate Buzz
Starbucks targets 1,000 stores in India by 2028, double its workforce
Starbucks will also expand drive-throughs, airports and 24-hour cafes, and expects its Indian workforce to double to 8,600.
Hong Kong transport chief urges Cathay to explain flight cancellations
Hong Kong media reported that the flagship carrier cancelled up to 70 flights during the peak Christmas and New Year holiday travel period due to “higher-than-expected pilot…
How young are ‘young’ CEOs in Korea?
Many of the CEOs in their 60s stepped down to be replaced by those in their 50s, while managers in their 40s were promoted to executive titles.
Q4 signals a turning point for mobile phone makers
According to statistics, the actual retail volume of domestic smartphones achieved a 0.4 per cent growth year-on-year in the third quarter of 2023, and shipments are expected to…
Leisure tea firms seek breakout via Hong Kong floats
China Insights Consultancy predicted that the global on-premise beverage market will grow from $721.8 billion in 2022 to $1.11 trillion in 2028. The market potential has driven…
ASML restricted from shipping some chip-making equipment to China
The Dutch semiconductor equipment company also said it held recent discussions with the US government about the scope and impact of its export control regulations.
In a nation of heavy drinkers, a thriving business of hangover cures
As one of the world’s heaviest drinking nations, particularly of liquor, South Korea has a thriving market for hangover remedies, available in all imaginable forms, flavours and…
Alipay to have no controlling stakeholder
An expert said the central bank's acknowledgment of the removal of any controlling shareholder reflects the regulators' increasing emphasis on risk control, anti-monopoly measures…
South Korea’s chaebol leaders heading to CES 2024
SK Group, with its seven subsidiaries, will set up a 1,850-square-meter exhibition booth at the Venetian Expo, themed “SK Wonderland,” to showcase the group’s vision for AI…