For years, the Chinese government has worked to control the export of rare earths, a group of metals used in an array of products, as common as semiconductors and lights. Now, in its trade war with the United States, China is moving to limit the market for these metals even further, which could have disastrous…
Last Wednesday, the Trump administration believed it had a plan to save TikTok. ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors, and officials in Washington had coalesced around a new ownership structure for the popular video app, four people familiar with the situation said. That structure, the people said, would help TikTok…
By Reuters Published March 20, 2025 PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. Shutterstock While government stimulus measures and deep price cuts from retailers have drawn some shoppers, PDD’s sales report indicates…
By Bloomberg Published March 13, 2025 Sephora Chief Executive Officer Guillaume Motte has taken personal charge of its operations in China, the latest management shift at the LVMH-owned cosmetics retailer as it struggles to win over consumers in the world’s second-largest economy. Bloomberg Alia Gogi, who was appointed Sephora Asia’s president in 2020, resigned…
Hugo Boss’s Q4 and full-year results on Thursday talked of a “strong performance” during the quarter, with profitability set to increase “despite challenging market conditions”. Naomi Campbell – Boss The company appeared to rebound in Q4, but said that the current quarter remains muted and its expectations for the full year are for sales that…