China market
Stories tagged China market.
Xu Yang Steps Down as Anta Brand CEO, Signaling a Reset
Xu Yang has resigned as CEO of Anta Brand, citing family reasons, and will take on another role within the group. Lai Shixian, Anta Group's executive director and co-CEO, steps in as replacement amid slowing growth.
Foreign luxury car sales in China tumble as wealthy buyers shift to EVs
International luxury auto brands including Mercedes-Benz, BMW and Land Rover saw a sharp drop in China last month, as affluent consumers increasingly favor electric vehicles over petrol-powered models.
South Korea's CU adopts online-first strategy for China entry
South Korean convenience store chain CU has launched a limited online trial in China, selling just 11 products on Alibaba's Tmall platform as it tests demand before any physical expansion.
Alo and Texas Chicken join foreign brands betting on China market
Los Angeles-based yoga apparel brand Alo and quick-service chain Texas Chicken are among the latest foreign entrants to China, drawn by the country's vast consumer base even as many international companies retreat.
Pizza Hut China Changes Hands as Global Brands Seek Local Allies
Pizza Hut, the largest casual dining operator in China, has been acquired by Yum China for a nominal fee, reflecting a broader trend of Western chains partnering with local firms to navigate intensifying competition.