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New Business

Yum China raises target for opening mainland coffee shops as cafe culture takes hold

Yum China Holdings, owner of the KFC and Pizza Hut restaurant brands on the mainland, has raised its target for…

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New Business

Would you like a handbag with that latte? Luxury brands in China think so

International fashion and luxury groups are opening coffee shops in major Chinese cities, entering an intensely competitive space in a…

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New Business

Mark Tucker, HSBC chairman, plans to retire before the end of 2025

Mark Tucker, the chairman of HSBC Holdings, plans to retire after eight years in the job and the search for…

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New Business

Chinese EV maker Xpeng expects minimum 35% jump in sales, citing tech investments

Chinese electric vehicle (EV) maker Xpeng expects its deliveries to jump in the third quarter, as its CEO said past…

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Tech

Alibaba revenue edges up to US$33.5 billion but misses estimates in second quarter

Alibaba Group Holding saw revenue grow 4 per cent in the second quarter, missing estimates, as the e-commerce giant navigates…

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