China

China's Spending Slump Weighs As Alibaba Misses Estimates

Alibaba Group Holding missed market expectations for first-quarter revenue, as the company's domestic e-commerce sales came under pressure from cautious sp...

Chinese E-Commerce Giant JD.com Beats Estimates For Quarterly Profit

China's JD.com beat estimates for quarterly profit, helped by a mid-year sales festival and aggressive price cuts that drove more cost-sensitive consu...

JBS Posts Profit As Chicken And Pigs Make Up For Beef Slump

JBS SA said that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the US,...

Carlsberg Lifts 2024 Growth Outlook, Q2 Sales Lag Forecasts

Carlsberg lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit by bad June...

Starbucks Appoints Chipotle's Niccol As CEO In Surprise Move

Starbucks has named Chipotle Mexican Grill head Brian Niccol as its new CEO, poaching a successful fast-food executive known for reviving the burrito chain...

Coffee Trader NKG Expands Into China To Tap Surging Demand

German coffee trader Neumann Kaffee Gruppe (NKG), one of the world's largest coffee merchants, has opened a subsidiary in China.

From PepsiCo To P&G, India Becomes Next Big Growth Bet As China Lags

India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in Chi...

AB InBev's Q2 Profit Growth Outshines Sales Miss

Anhueser-Busch InBev has reported forecast-beating core profit for the second quarter as cost discipline measures paid off, despite revenue and volumes fal...