Richard Lin

New Business

Morgan Stanley bullish on Labubu maker Pop Mart’s shares despite 10% slump

The decline in Labubu-maker Pop Mart International Group’s shares of as much as 10 per cent over the last month…

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New Business

Mainland Chinese retailers take advantage of falling rents to expand Hong Kong presence

Mainland Chinese retailers are stepping up their expansion in Hong Kong, taking advantage of falling rents to target value-seeking consumers,…

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New Business

Starbucks, Luckin get buzz from smaller-city coffee sales in China

As coffee chains in China struggle with a bitter combination of sluggish consumption and cutthroat pricing, Starbucks and Luckin Coffee…

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New Business

China’s Pop Mart exercises pricing power as Labubu popularity surges abroad

Chinese trend-toy maker Pop Mart is hiking prices on its popular Labubu character in the US and shifting more production…

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New Business

Louis Vuitton, Gucci owners face tough times in China amid trade war, property slump

The world’s biggest luxury groups will continue to face challenges in China as the trade war with the US weighs…

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New Business

Bubble tea giant Mixue’s IPO powered by prowess in procuring, production, prices: analysts

The retail portion of the company’s Hong Kong debut attracted more than HK$1.6 trillion (US$205.9 billion) in subscriptions on Wednesday,…

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New Business

Estée Lauder, L’Oreal suffer as global brands’ lustre fades in China

Multinational companies (MNCs) are losing ground in China as their “halo effect” fades amid rising competition and a consumer spending…

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New Business

Chinese start-up 01.AI founder Lee Kai-fu denies rumours of asset sale to Alibaba Cloud

In a WeChat post on Tuesday, the start-up denounced as “vicious slander” recent talk that it was looking to sell…

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