In the bustling city of Hong Kong, where luxury and wealth are on full display, even car number plates become a symbol of status and prestige. It may seem unimaginable to most, but in Hong Kong, certain car number plates can fetch prices in the millions. One such example is a plate bearing only the...
Zong Qinghou, the self-made billionaire founder of the Chinese beverage giant Wahaha Group, has passed away at the age of 79. He is known for leading Wahaha to become a household name in China and for navigating a high-profile dispute with French food giant Danone. Zong co-founded Wahaha in 1987, and through his shrewd business...
Hong Kong’s bankers enjoy significantly higher salaries compared to their counterparts in Singapore. A recent report by Bloomberg Intelligence revealed that Hong Kong-based investment banking analysts earn an average of 46% more than their peers in the Lion City. This trend extends to associates, who command nearly 36% higher salaries in Hong Kong. Several factors...
Despite ongoing trade tensions, American companies remain surprisingly keen to manufacture in China. This seemingly counterintuitive trend reflects the complex reality of globalized supply chains and China’s enduring strengths in certain sectors. While headlines often focus on companies moving production out of China, the reality is nuanced. Many U.S. firms still rely heavily on Chinese...
As China’s e-commerce titans continue their global expansion, JD.com has set its sights on the UK with a potential takeover bid for electronics retailer Currys. This move could mark a significant shake-up in the British retail landscape, raising questions about competition, consumer benefits, and China’s growing influence in the international marketplace. Currys, currently the UK’s...
Soaring high at the Singapore Airshow, China’s domestically developed C919 single-aisle passenger jet secured a significant new order, marking a crucial milestone for the aircraft and China’s aviation ambitions. Tibet Airlines inked a deal for 40 C919s, signaling not just a successful sale, but several key developments: his landmark deal marks the C919’s official entry...
China’s recent Spring Festival holiday witnessed a remarkable resurgence in travel, marking a 280% surge compared to the previous year with 13.52 million inbound and outbound trips. This translates to a daily average of 1.69 million journeys, bringing travel close to 90% of pre-pandemic levels. While the tradition of family reunions remains deeply ingrained, with...
Shenzhen is surging ahead in the race for new listings. As of January 31st, 2024, 58 companies from the city had filed IPO applications, outpacing major competitors like Shanghai and Beijing. This puts Shenzhen in the driver’s seat for 2024, despite a significant drop in applications since stricter regulations were implemented in August 2023. However,...
Beijing welcomed a staggering 17.4 million visitors during the recent eight-day Spring Festival holiday, a 37.4% increase compared to last year, according to the city’s tourism bureau. This influx led to a 40.6% jump in tourism revenue, reaching an impressive 28.65 billion yuan (about $4 billion). Traditional temple fairs were a major draw, attracting over 5.16 million...
China’s intellectual property landscape is booming, with the number of high-value invention patents exceeding 1.66 million by the end of 2023. This represents a 25.7% increase year-on-year, showcasing the country’s growing commitment to innovation. This surge translates to an average of 11.8 high-value invention patents per 10,000 people nationwide, demonstrating the widespread impact of innovation...