Consumer

Gree Will Post USD31.50 Billion Revenue This Year, Chairwoman Says

Gree Will Post USD31.50 Billion Revenue This Year, Chairwoman Says

Gree Electric Appliances Inc. of Zhuhai, the world’s largest air conditioner manufacturer, aims to post revenue of CNY200 billion (USD31.50 billion) this year, said Dong Mingzhu, its chairwoman.

May 17, 2018
Wang Zhen
Chinese Pilot Recounts Landing Plane After Colleague Was Sucked Halfway Out of Cockpit

Chinese Pilot Recounts Landing Plane After Colleague Was Sucked Halfway Out of Cockpit

Captain Liu Chuanjin, who successfully landed an aircraft after its windshield smashed mid-flight on May 14, recounted the “thrilling scene”…

May 17, 2018
Liao Shumin
Starbucks Plans to Open More Than 6,000 Stores in China as It Faces Increasing Competition

Starbucks Plans to Open More Than 6,000 Stores in China as It Faces Increasing Competition

Starbucks Corp. will expand its China market over the next five years, the coffee store chain said during its first-ever…

May 17, 2018
Lv Jinyu
Operator of Takeout Delivery Giant Ele.me Introduces Edible Chopsticks

Operator of Takeout Delivery Giant Ele.me Introduces Edible Chopsticks

China's leading food ordering and delivery platform, Ele.me, operated by Shanghai Lazhasi Information Technology Co., has introduced a new kind…

May 16, 2018
Dou Shicong
[Exclusive] Europe’s Fastest Connecting Airport to Asia Woos Chinese Airlines, Travel Agents

[Exclusive] Europe’s Fastest Connecting Airport to Asia Woos Chinese Airlines, Travel Agents

Finavia Corp., a Finnish state-owned airport operator that promotes its main Helsinki Airport as the fastest connection between Asia and…

May 16, 2018
Emmi Laine
Lafang China Aims to Tap Popular Cosmetics Blogging With MissJoy Investment

Lafang China Aims to Tap Popular Cosmetics Blogging With MissJoy Investment

Toiletries-maker Lafang China Co. [SHA:603630] will spend CNY34 million (USD 5.4 million) to buy into MissJoy.Cn, a beauty blogging platform…

May 16, 2018
Tang Shihua
Luckin Coffee May Sue Starbucks for Monopoly; US Chain Aims to Triple China Revenue

Luckin Coffee May Sue Starbucks for Monopoly; US Chain Aims to Triple China Revenue

Chinese startup Luckin Coffee Co. is preparing to file an antitrust suit in China against Starbucks Corp. just as the…

May 16, 2018
Lv Jinyu
Gap Apologizes for T-Shirt’s With Wrong China Map

Gap Apologizes for T-Shirt’s With Wrong China Map

US clothing retailer Gap Inc. has apologized after selling T-shirts with the wrong map of China, marking the latest in a series of faux pas made by international firms operating in China.

May 16, 2018
Xu Wei
Shanghai to Promote City’s Art, Culture Brands, Talent in Comprehensive Three-Year Action Plan

Shanghai to Promote City’s Art, Culture Brands, Talent in Comprehensive Three-Year Action Plan

Shanghai to Promote City’s Art, Culture Brands, Talent in Comprehensive Three-Year Action Plan. The Shanghai Municipal Government has unveiled a…

May 15, 2018
Peng Xiaoling
Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant

Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant

Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant. China’s leading ride-hailing firm Didi Chuxing Technology…

May 15, 2018
Liao Shumin
Philips Lighting to Buy LiteMagic in Bid to Tap China’s Rising Urban Illumination Market

Philips Lighting to Buy LiteMagic in Bid to Tap China’s Rising Urban Illumination Market

Philips Lighting, part of Dutch multinational Koninklijke Philips NV, has agreed to purchase a Chinese luminaire and control system manufacturer…

May 15, 2018
Xu Wei
Costco to Open First China Store in Shanghai

Costco to Open First China Store in Shanghai

The Chinese arm of US membership-only retail warehouse chain Costco Wholesale Corp. will build its first brick-and-mortar outlet in China, located in the eastern hub of Shanghai.

May 15, 2018
Xu Wei

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