Hints and tips:
...“Many factories . . . want to survive, so they make the [price] lower and lower . . . in order to get more orders from overseas,” said Jenny Tse, marketing manager at Wega Hong Kong, which makes headphones...
...Mr Lu and Jenny Zhiya Qian, his confidant and former Luckin chief executive who was ousted in May, still control about 45 per cent of the voting rights of the group, far more than other shareholders....
...Mr Lu, who is Luckin’s chairman, has already apologised for the episode and promised to do his best to recover the losses. Jenny Zhiya Qian and Jian Liu could not be reached for comment....
...Alibaba has not found any business better than online retailing,” said Ming Lu, a Shanghai-based analyst with financial network Smartkarma....
...“Quite strongly,” says Mary-Lu Bakker, a blogger and Holland Park resident for more than 30 years, “but because the local facilities are being taken away that’s going to diminish.”...
...Sign up for our Weekend Email here Photographs: Jenny Holzer. ARS, NY and DACS/Artimage, London 2017. Collin LaFleche; Alamy...
...Jasmine Lu, analyst at Morgan Stanley, said the company has gotten off to “a sterling start” in the new year. Its January revenues were up by 47 per cent from a year ago....
...As an example, she said that the people running LU biscuits businesses in developing markets were LU managers when it was part of Danone of France....
...“Even though margins are low, [these companies] are used to the high volume, low margin business model, and the margins are at least higher than notebook manufacturing,” says Jenny Lai, analyst at CLSA....
...In 2007, it followed up its $7.2bn cash acquisition of Danone’s LU biscuit division by selling its $1.65bn Post cereals business to Ralcorp....
...She sold Post Cereals, as Peltz had urged, and bought the LU biscuit brand from France’s Danone. She then turned her attention to confectionery....
...Meanwhile, New Zealand dairy group Fonterra said it would have to take further writedowns on its investment in San Lu, the Chinese dairy group....
...Jenny Wiggins, FT consumer industries correspondent … Dried seahorses The aphrodisiac counter is always the most arresting section in the menageries that are Chinese medicine shops....
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