China

JD.com Beats Quarterly Revenue Estimates As Heavy Discounts Buoy Demand

Online retailer JD.com has reported fourth-quarter revenue above estimates and announced it would increase the size of its share repurchase programme.

Consortium Comprising Driscoll’s Acquires Australia's Costa Group

A consortium, led by Paine Schwartz Partners and comprising Driscoll’s and British Columbia Investment Management Corporation, has completed the acqu...

Australian Wine Makers Bet On Expected China Reopening With Big Shipments

Australian wine makers have shipped millions of bottles of wine to Hong Kong in a bet that China will soon lift tariffs on Australian wine.

Treasury Wine Says It Is Ready To Ship Australian Bottles To China

Shares of Treasury Wine Estates shot to a three-month high after the company, one of the world's biggest wine makers, said core profit met expectations and...

French Wine And Spirit Exports Fell Last Year On US Hangover, Industry Group Says

French exports of wine and spirits fell last year from a post-COVID peak as inflation clipped consumer demand and distributors in the lucrative US market c...

L'Oreal Reports 6.9% Increase In Fourth-Quarter Sales

French cosmetics company L'Oreal reported fourth quarter sales growth that fell short of market expectations, reflecting a disappointing performance in Asi...

Super Bowl Caterer Compass Says Q1 Volume Better Than Expected

British catering group Compass reported an 11.7% jump in first-quarter organic revenue and said like-for-like volume, or the number of meals served, was be...

Alibaba Boosts Share Buy Back As Revenues Miss Estimates

China's Alibaba Group Holding missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in...