Which American Company Just Bet Big On China?
Wal-Mart nearly doubled its investment in Chinese e-commerce platform JD.com and its shareholding scale increased from 5.9% to 10.8%.
Wal-Mart nearly doubled its investment in Chinese e-commerce platform JD.com and its shareholding scale increased from 5.9% to 10.8%.
Italy's top-level jewelry brand Brosway opened its first owned store in Shenyang, Liaoning province.
Will Starbucks succeed in bringing tea to a nation already ensconced in its own tea drinking traditions? Starbucks hopes its Teavana makes sense to Chinese consumers.
According to information from Starbucks China, the company will recall its stainless steel straws, which are sold as cup accessories, in mainland China.
Chinese jewelry retailer Chow Tai Fook is seeking new growth points and the group plans to develop its diamond wholesale business in the U.S.
American light luxury brand Michael Kors has invested USD500 million in the acquisition of Michael Kors (HK) Limited, the exclusive licensee of Michael Kors in China and certain other regions in Asia.
Due to the strong performance of its Chinese stores during the Chinese New Year, Wal-Mart China's total sales increased by 5.1% in the company's latest reporting period.
U.S.-based electric car maker Tesla has opened a new experience center, which is the company's largest experience center in North China and its fifth owned sales site in Beijing.
China's Alibaba Group recently purchased 33 million Groupon Inc. shares, making it the fourth largest shareholder of the U.S. company.
South American e-commerce buyers seeking faster shipping and more options from Chinese sellers may be smiling after a new deal was announced last week.