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Tag: china

COVID-19: Raymond to reap benefits of low imports from China

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 …

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Beyond Meat enters grocery stores in mainland China through Alibaba partnership

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 …

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Apple, Huawei smartphones delivered to your door in China

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 …

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CapitaLand sees encouraging signs of recovery in China

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 …

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Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus

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 …

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As Australia closes all cinemas, China reopens 500 venues | Film

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 …

As Australia closes all cinemas, China reopens 500 venues | FilmRead More

Look to Starbucks recovery in China

Starbucks‘ decision to reopen a store in Hubei province is evidence that the coronavirus outbreak has indeed slowed in China, CNBC’s Jim Cramer said Thursday.  “Starbucks is not the PRC and is truthful, not propaganda,” Cramer said on “Squawk Box.” The reference to the PRC stands for the communist People’s Republic of China. While questions have been …

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Starbucks to offer national delivery, plans new China facility and stores

Starbucks is ramping up delivery capabilities in the wake of its temporary “to go”-only store operations policy. The coffee retailer will offer its Starbucks Delivers on-demand delivery service across the country by the end of April. Starbucks Delivers, which is provided in partnership with Uber Eats, will be available in all 48 states where both …

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China’s JD.com to buy back $2 bln shares, Retail News, ET Retail

China‘s JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares, after the e-commerce company estimated a growth in sales in the current quarter that has been ravaged by the coronavirus outbreak. JD said it expects to fund the buyback, to take place over the next 24 months, with …

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US shoe imports from China see worst January in decade

A pedestrian walks by a large Adidas logo and German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images First there was the trade war. Then, the coronavirus struck. U.S. footwear imports from China just had their worst January in more than a decade, Matt Priest, president and CEO of the …

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