China

Alibaba's Freshippo Seeks Funds At Much Lowered $6bn Valuation, Sources Say

Alibaba's supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion (€5.99 billion), much lower than a hoped-for v...

China Calls On Hog Sector To Ensure Steady Supply As Prices Surge

China's state planner urged top hog breeders to ensure steady supply, it said in a statement late on Monday, after prices surged in recent months.

Record Chinese Wheat Prices Raise Risk Of Pricier Noodles

Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in the world's top consumer of t...

Alibaba Beats Revenue Estimates, Cites 'Uncertainties' Ahead

Alibaba Group Holding beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in China offset weakne...

Bakkavor Group Sees Revenue Up 11.5% In First Quarter

Bakkavor Group has reported a 11.5% increase in revenue in the first quarter of its financial year, to £485.4 million (€568 million).

DHL Exec Says China Lockdowns Will Hit Supply More Than Ukraine War

Lockdowns in China are having greater impact on global supply chains than the war in Ukraine and will be felt even after they are lifted, said the head of...

JD.com Beats Revenue Estimates But CEO Cautious Over COVID Outbreaks

E-commerce group JD.com beat estimates for quarterly revenue as more people shopped on its platform following COVID lockdowns in China, but its CEO remains...

Brazil's JBS Says China Lockdowns Won't Affect Demand

Brazilian meat giant JBS SA played down the effects of COVID-19-related lockdowns in China, saying they would not affect demand for JBS products despite ca...