Global retail giants invest in Chinese market: Report
As the engine of consumption is further revved up, as well as the higher-level opening-up and improved business environment, more foreign-funded shopping malls and supermarkets…
Corporate Buzz
More CEOs optimistic of global growth: PwC
Despite ongoing conflicts, the proportion of CEOs who felt their company is highly or extremely exposed to geopolitical conflict risk fell 7 percentage points to 18 percent,…
Hong Kong sees over 130,000 newly registered companies in 2023
Companies Registry statistics showed that a total of 132,246 local companies were newly registered with the Registry last year, up from the 104,120 recorded in 2022.
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…
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.