China

Chinese Food Delivery Group Meituan Sees Revenue Beat Expectations

Chinese food delivery giant Meituan has reported a bigger-than-expected 22.6% rise in quarterly revenue.

Louis Dreyfus Company Withstands Commodity Price Drop To Post Stable Profits

Louis Dreyfus Company (LDC) remains positive about Chinese demand as a source of growth for agricultural markets, despite rebalancing in other parts of the...

Alibaba Groceries Arm Freshippo CEO To Retire

Freshippo, the groceries arm of e-commerce giant Alibaba Group, has told its staff that its CEO Hou Yi will step down and retire and be replaced by the uni...

Amazon Earned €581 Per Second In 2023, Study Finds

Online giant Amazon earned $636 (€581) per second last year, new data on the global e-commerce market has found, more than its Chinese rivals Alibaba...

China Cancels Some French Wheat Deals, Traders Tell FranceAgriMer

Grain market players are reporting that China has cancelled some US wheat purchases, France's farm office said, in a move that could be in respon...

Australian Farmers Rip Out Millions Of Vines Amid Wine Glut

Millions of vines are being destroyed in Australia and tens of millions more must be pulled up to rein in overproduction that has crushed grape prices and...

Good Progress On Chinese Wine, Lobster Trade Barriers, Says Minister

China will complete a review into years-long tariffs on Australian wine by the end of March and is also reviewing its restrictions on lobster imports, Aust...

World Food Price Index Falls In February For Seventh Straight Month, Says UN Agency

The United Nations food agency's world price index fell in February for a seventh consecutive month as lower prices for all major cereals more than offset...