China

Chinese Retailers Embrace GenAI To Boost Sales, Survey Finds

Chinese retailers are investing in AI to boost sales with more than half (52%) of the country's e-commerce platforms having used at least one generative AI...

Amazon's Improving Retail Sales Boosts Q3 Profit, Revenue Above Estimates

Amazon.com has posted third-quarter profit and sales that beat Wall Street estimates, helped by favourable retail sales.

Sensodyne-Maker Haleon Posts Unexpected Drop In Revenue On Weak Demand For Its Painkiller

Haleon posted an unexpected drop in third-quarter revenue, hurt by a weak demand for its painkiller in Australia and the Middle East.

Brewer AB InBev Softens Q3 Miss With Share Buyback, Guidance Raise

Anheuser-Busch InBev on Thursday reported third quarter profits, revenues and volumes all well behind forecasts, as the top brewer sold less beer in key ma...

Starbucks Reports Drop In Comparable Sales, Earnings As Global Demand Suffers

Starbucks reported a 7% drop in global comparable sales for the fourth quarter as the coffee chain struggles to revive demand for its pricey lattes in the...

Estée Lauder Names Insider de La Faverie As New CEO To Kickstart Turnaround

Estée Lauder named insider Stephane de La Faverie its new CEO, as the company looks to revamp its business amid falling demand for cosmetics and pre...

Remy Cointreau Cuts Sales Outlook As US, China Weigh On Q2

French spirits maker Remy Contreau on Friday dropped its forecast that its full-year sales would gradually recover after quarterly sales fell more than exp...

Global Food Giants Deepen Price Cuts To Tempt China's Wary Shoppers

International companies such as Danone and Nestle have deepened price cuts or are seeking to boost online shopping volumes to win over China's increasingly...