UK-based Aquascutum acquired by a Hong Kong firm
Tweet One of the top British luxury apparel brands, Aquascutum, has finally been fully acquired for GBP15 million by YGM Trading Limited, a Hong Kong-based apparel retail and wholesale business…
Chinese real estate investment collapses by 70%
Tweet Signs that China’s real estate market could further be cooling are now clearer than ever after a report released yesterday showed real estate investment in the country’s mainland shrunk…
Fiat to return to Korea after 15 years
Tweet The iconic Italian Fiat car brand will re-enter the Korean market next year after an absence of 15 years. The immensely successful Fiat 500 small car will be launched…
China now the world’s largest smartphone market, US comes second
Tweet Some few months ago, mobile phone industry analysts had little or no doubt that it was just a matter of time before China takes the number one spot as…
Chinese annual auto sales decline
Tweet Although vehicle sales in China rose in April, slower economic growth and tighter credit has seen them decline for year. On Wednesday, the China Association of Automobile Manufacturers said…
Chinese textile producers aim to double output by 2020
Tweet A 10-year development plan released by China’s textile industrial association Tuesday shows the country’s textile producers are aiming to double their output by 2020 from the 2010 level. According…
China accuses Japan and EU of steel dumping
Tweet Japan and European Union (EU) have been accused of dumping seamless tubes into China by the country’s Ministry of Commerce (MOC) A preliminary report released on the ministry’s website…
Tablets force Lenovo to adopt a ‘PC plus’ strategy
Tweet Lenovo has announced a slight shift in its strategy of focusing on PCs, and will be investing in the production of mobile internet devices too. The new strategy, dubbed…
Banker caught fleeing as Korean regulator suspends four savings banks
Tweet Four of South Korea’s savings banks had their deposits suspended yesterday (Sunday 6 May) by the country’s financial regulator after they failed financial stress tests. The banks that have…
China’s convenience stores to sell insurance
Tweet China’s grocery sector is following the path set years earlier in Europe by selling financial services at the supermarket checkout. Shoppers in Shanghai branches of Alldays and Kedi convenience…
