Hints and tips:
Related Special Reports
...“They have a choice: to sell, to store, or to scrap,” said the Korea-based manager....
...Apple has removed Meta’s WhatsApp and Threads applications from its China app store following instructions from authorities....
...“It took us 25 years to build the first 5,000 stores in China, eight years to build the next 5,000 and just four years for the last 5,000,” Yum China said....
...It is unclear exactly when WhatsApp was removed from the Apple Store in China, but it was unavailable as of Friday....
...Comparable store sales, a closely followed industry metric, were down 4 per cent globally from a year earlier, led by an 11 per cent drop in China, its main growth market....
...The number of ICE car dealerships in China slid 2.7 per cent year on year in 2023, compared with a 17.2 per cent rise in EV dealerships, data from the China Automobile Dealers Association showed....
...Apple’s revenue fell 4 per cent in the first three months of 2024, narrowly beating analysts’ expectations for a bigger decline, as sales in China continued to slow....
...Mixue opened its first international store in Hanoi in 2018 and now has more than 3,000 stores outside of China....
...President Joe Biden said he would sign a bill working its way through Congress that would ban US app stores from carrying TikTok unless its Chinese owner divests the popular video-sharing social media platform...
...The law would work by imposing civil penalties on app stores such as Apple’s App Store and Google Play if they distribute or update TikTok....
...Last year, Montana’s governor signed into law a first-of-its-kind bill that would prohibit app stores from allowing downloads of TikTok in the state....
...It also fined Apple €1.8bn over the rules it applies to rival music streaming services on its App Store....
...On Tuesday China’s top legislative body passed a revised law on state secrets that standardises information systems and equipment used to store information the government deems confidential....
...Michelle Lam, greater China economist at Société Générale, said it was “likely” that the trend of Hong Kong residents spending in mainland China would accelerate given the attractive prices of goods in places...
...Google Play store....
...from China....
...They are one reason for the growing unionisation efforts at stores....
...He is expected to open Apple’s eighth retail store in Shanghai on Thursday and attend the China Development Forum, which starts over the weekend....
...This year, China banned WhatsApp on the same grounds. The global internet is splintering further apart. elaine.moore@ft.com...
...Peer Icicle has grown to over 270 stores in China. Others, like Chinese outerwear brand Bosideng, have made progress in shifting upmarket to a more premium customer....
...Beijing also requires sellers of vehicles with self-driving technology to store the user data needed to improve their systems, which are largely developed in the US, in China....
...Yet, China’s domestic coffee and tea chains are fast growing and lucrative industries. Chabaidao, which is China’s third-largest maker of fresh tea drinks, has recorded spectacular growth....
...However, the group’s ambitions to roll out more advanced self-driving technology in China are complicated by requirements to store locally the user data needed to improve its systems, which are largely developed...
...Yum China reported opening more than 540 stores in the fourth quarter, with chief executive Joey Wat saying that more than half were in “lower-tier” Chinese cities “strategically positioned to capture the...
International Edition