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Homegrown textiles and apparels major Raymond expects to reap the benefits of likely low imports from China in view of the COVID-19 pandemic, the company said in a statement on Tuesday. According to a PTI report: It is also looking at long-term funding and alternate working capital availability to manage liquidity as business restarts with
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat announced Tuesday that Alibaba’s Freshippo grocery stores would start selling its meatless burger patties, marking its entry into supermarkets in
People wearing face masks walk past an Apple store in Beijing on March 17, 2020 in Beijing, China. Fred Lee | Getty Images Smartphone makers in China including Huawei and Apple are turning to super-fast deliveries and even trade-ins at the door of consumers’ homes as shoppers remain cautious about visiting busy stores in the
Following the nationwide shutdown mandated by the Chinese government in early February in a bid to contain the COVID-19 outbreak, CapitaLand sales offices across China have reopened progressively in March. CapitaLand’s other business segments in China have also seen a recovery in operations. As at end March 2020, about 80 percent of the stores in
Nike reported quarterly sales that topped analysts’ expectations, thanks to a boost from its digital business and growth in North America, which helped to offset weakness in China due to COVID-19. Its shares shot up more than 8% in after-hours trading Tuesday following the release. Chief Executive Officer John Donahoe said the business is starting to
China’s cinemas are gradually opening once more for business across the country, although ticket sales remain slow. As the coronavirus outbreak begins signs of receding, more than 500 screens – of the country’s 70,000 – are once again showing films. As of Monday, 507 cinemas were open – about 5% of China’s total – mostly
