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05 Jan McDonald’s China and Cainiao partner on RFID chips to improve supply chain efficiencies

Posted at 11:30h in Asia

McDonald’s China unit has partnered with Cainiao, Alibaba Group Holding’s logistics business, to improve supply chain efficiency using radio frequency identification (RFID) chips and other technologies.Under a deal signed on Thursday, McDonald’s China will deploy Cainiao’s RFID technology in its supply chain with built-in tags...

05 Jan Euro zone inflation rebounds in December, fueling rate-cut debates

Posted at 10:26h in Europe

Shoppers at delicatessen market stall in Milan, Italy, on Thursday, Dec. 28, 2023.Bloomberg | Bloomberg | Getty ImagesHeadline inflation in the euro zone jumped to 2.9% in December, up from 2.4% the previous month, though core inflation continued to ease.The annual print was a little...

05 Jan Finland unit Amer’s US$1 billion New York IPO to help Chinese sportswear maker Anta chase down likes of Nike, Adidas at home

Posted at 09:30h in Asia

Anta Sports Products, China’s biggest sportswear marker, might get a boost from the US$1 billion initial public offering (IPO) of its subsidiary, Amer Sports, as it challenges global giant Nike and fends off intensifying competition in its home market in 2024.Finland-based Amer, which is...

05 Jan Opinion | Reports of Chinese economic miracle’s demise are greatly exaggerated

Posted at 09:30h in Asia

China’s economic performance over the last year has been disappointing, so much so that some observers argue that growth has already peaked and that it is all downhill from here. But it is far too soon to write off China’s economic resilience.As 2023 began, the...

05 Jan Hong Kong’s airport authority to launch US$640 million retail bond, its first in 20 years, to finance third runway

Posted at 07:18h in Asia

“We want to issue the retail bonds to give Hong Kong residents a chance to participate in the third runway project,” Julien Lee, executive director of finance at AAHK, said at a media briefing on Friday.(From left) William Shek, managing director and head of markets...

05 Jan China’s best-performing fund strikes gold in nascent Beijing bourse for start-ups

Posted at 07:14h in Asia

China’s best-performing mutual fund of 2023 sees more gains in the volatile corner of the market where it derived enough upside to beat its more than 7,000 competitors last year.The fund, whose mandate requires it to invest at least 80 per cent of its equity...

05 Jan China carmakers miss 2023 sales goal as competition intensifies

Posted at 06:51h in Asia

Just a third of Chinese carmakers met their annual sales goal in 2023 as competition in the world’s largest car market heats up.Only four of the 13 brands that have disclosed annual sales figures accomplished their targets, led by electric vehicle maker Li Auto, which...

05 Jan Opinion | No recession in 2023 but it’s not yet time to breathe a sigh of relief

Posted at 06:30h in Asia

First, it remains possible the gloom a year ago was well justified, and a recession still hangs over us. Fears have abated but not gone away. True, the alarming increase in inflation post-pandemic seems to now be under control (at about 3 per cent in...

05 Jan Hong Kong’s first IPO of the year makes weak trading debut as RoboSense Technology shares drop in a tepid market

Posted at 05:45h in Asia

Shares of RoboSense Technology, a Chinese maker of sensors for self-driving cars, fell on their Hong Kong trading debut on Friday after the company made the city’s first initial public offering (IPO) of the year.The Shenzhen-based company’s stock, which trades under the 2498 code, lost...

05 Jan Hong Kong-listed Chinese miner CMOC takes Glencore’s cobalt crown as output jumps 170% in 2023

Posted at 05:24h in Asia

China’s CMOC Group boosted its cobalt output by more than 170 per cent last year, with surging production at a new mine in the Democratic Republic of Congo helping the company leapfrog Glencore as the world’s top producer of the key battery metal.Hong Kong-listed CMOC...

Author: admin