China

Brewer AB InBev Signals New Focus On Michelob Ultra Amid Light Beer Rivalry

Anheuser-Busch InBev has elevated its low calorie lager Michelob Ultra to the status of 'global brand', according to an investor presentation, positioning...

Yili Sees Growth In Operating Revenue, Net Profit In First Half

Chinese dairy firm Yili has reported a 4.31% year-on-year increase in operating income to 66.197 billion yuan (€8.4 billion), while net profit grew by...

Alibaba Shares Slide 4% After Former CEO Quits Cloud Unit

Alibaba stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit its cloud computing unit in a surprise decision that unsettled...

Alibaba's Grocery Unit IPO Put On Ice Amid Disappointing Valuation: Report

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for c...

China Set To Record $2.2tn In E-Commerce Sales In 2023: Report

China is set to report around $2.2 trillion (€2.03 trillion) in e-commerce sales in 2023, as it retains its position as the world's largest marketplac...

Hormel Foods Cuts Annual Forecasts On Weak China Demand, Adverse Pork Prices

Hormel Foods has cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and t...

L’Oréal Closes Acquisition Of Luxury Beauty Brand Aesop

Cosmetics giant L’Oréal has announced that it has completed the acquisition of luxury beauty brand, Aesop.

Russia Hopes To Raise Fish, Seafood Exports To China After Japan Ban

Russia hopes to increase its marine product exports to China in the wake of China's ban on Japanese seafood imports after the release of treated radioactiv...