price war

Tech

Opinion | US-China trade war could be the death knell for advanced economies

The US’ China containment strategy and its shift towards re-industrialisation are shrinking the market for competitive industries in high-income economies.…

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Tech

ByteDance-owned Douyin said to miss first-half e-commerce sales goal amid weak consumption

ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…

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New Business

BMW raises prices after China’s brutal discount war fails to boost deliveries

BMW is no longer pursuing a strategy of boosting sales volumes since massive price cuts failed to effectively bolster deliveries…

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New Business

China’s second-largest car dealer faces forced delisting as investors snub its shares

China Grand Automotive Service, the mainland’s second-largest car dealer in terms of sales, is set to be expelled from the…

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