China

Bid For 7-Eleven Owner Shows Japan's Governance Gains, Says Suntory CEO Niinami

A $39-billion (€35.3 billion) Canadian takeover bid for 7-Eleven's owner indicates a shift in Japan's corporate governance and has left CEOs "ner...

Parmigiano Reggiano Sales Up By 15% In First Half

The Parmigiano Reggiano Consortium has reported strong sales in the first half of its 2024 financial year, following a record-breaking year in 2023.

Walmart's Exit Raises Questions About JD.com's Future

JD.com needs to convince investors of its relevance amid a stagnant Chinese e-commerce market, aggressive price war and now, the departure of Walmart.

Alibaba To Upgrade Hong Kong Listing In A Bid To Attract Chinese Investment

Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status.

China's Probes On EU Products Following EV Tariffs

China has opened an anti-subsidy probe into imported dairy products from the European Union, a day after Brussels released its revised draft decision relat...

Coty Misses Revenue Estimates On Cautious Retail Orders, Lacoste License Sale

CoverGirl parent Coty missed fourth-quarter revenue expectations, impacted by its divestiture of Lacoste fragrance license and controlled orders from cauti...

Walmart Selling JD.com Stake To Focus On Its Own China Operations

Walmart is seeking to raise up to $3.74 billion (€3.40 billion) by selling its stake in Chinese e-commerce firm JD.com, according to a term sheet seen...