economic downturn

New Business

‘Incomparably nice’: why China’s shoppers are obsessed with an obscure local supermarket

Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more…

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New Business

Bloom and gloom: China’s Spring Festival flower sales hit by weak demand, warm weather

Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more…

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New Business

The View | Hong Kong property market gloom has become self-fulfilling prophecy

Narratives are important. Robert Shiller, the Nobel Prize-winning economist, published a book in 2019 explaining how the forces driving economies…

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New Business

Chinese AI firm SenseTime downsizes Singapore office amid post-ChatGPT competition

SenseTime Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time it is struggling to…

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New Business

Hong Kong’s Community Chest feels the pinch as cracks in economy, markets hit donations

It is the season to give as the year-end festivities approach. But cracks in the economy in recent years have…

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Tech

Hong Kong electronics firm PC Partner eyes new home base, secondary listing in Singapore

Hong Kong computer electronics manufacturer PC Partner Group, which assembles video graphics cards based on Nvidia’s processors, will move its…

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New Business

China’s embattled restaurants, embroiled in price war, struggle to stay afloat

In Beijing, profits of the catering companies with annual revenues exceeding 2 million yuan (US$280,750) fell to 180 million yuan…

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