China

Starbucks Misses Quarterly Sales Estimates, Sees Lasting China Rebound

Starbucks missed market expectations for quarterly comparable sales, with demand for its coffees and cold drinks showing some signs of tapering in the Nort...

L’Oréal Upbeat On China Despite Market's Softer Rebound

Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the Un...

Alibaba And Tencent Buoyed By Hopes China Tech Crackdown To End

Alibaba Group and Tencent shares rose in Hong Kong on Monday as China's $984 million (€898 million) fine for Ant Group was viewed as signalling the en...

Climate, Environmental Change Puts 90% Of World's Marine Food At Risk: Study

More than 90% of the world's marine food supplies are at risk from environmental changes such as rising temperatures and pollution, with top producers like...

Alibaba CEO Daniel Zhang To Resign To Focus On Cloud Business

Alibaba Group said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahe...

JD.com Sales During China Shopping Festival Better Than Expected: Analysts

Sales on JD.com e-commerce site during China's mid-year shopping festival - the first major shopping event since country's reopening - grew more than expec...

Heineken Names Joanna Price As Chief Corporate Affairs Officer

Brewer Heineken has announced the appointment of Joanna Price as its new chief corporate affairs officer, effective 1 July 2023.

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Hormel Foods reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company's shares up as much...