17 July 2019


  • Having become an insignificant player in India, Apple is realizing that it needs to step up its game in the world’s second-biggest smartphone market. Photo: Bloomberg

    Why Apple is boosting iPhone production in India

    - Jul 16, 2019 1:41pm
    As the US-China trade war drags on, Apple is tweaking its iPhone manufacturing strategy, aiming to reduce the firm’s over-reliance on production at Chinese factories. To cut the potential risks, the firm has begun to focus...
  • The US Justice Department said the illegal scheme began before Indivior spun out of Reckitt in 2014 and resulted in thousands of opioid-addicted patients using the drug. Photo: Bloomberg

    Reckitt to pay US$1.4 billion to end US opioid probes

    Jul 12, 2019 8:29am
    Reckitt Benckiser has agreed to pay up to US$1.4 billion to resolve US claims that its former pharmaceuticals business Indivior before it was spun out of the company carried out an illegal scheme to boost sales...
  • Colgate-Palmolive is looking to expand its presence in the high-margin personal care business. Photo: Xinhua

    Colgate to buy Filorga skin care business for US$1.69 billion

    Jul 12, 2019 8:11am
    Colgate-Palmolive said it will buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros (US$1.69 billion) as the consumer goods company bolsters its personal care business, Reuters reports. Filorga’s anti-aging skin care...
  • Anta has slammed a report by Muddy Waters, saying the short-seller's claims in relation to the company's operations are 'incorrect and misleading'. Photo: Bloomberg

    Why Anta was barely hurt by a 106-page short-seller report

    - Jul 11, 2019 9:18am
    Anta Sports Products, the world’s third-largest sportswear company, was targeted by US short-seller Muddy Waters. Following negative reports from the short-seller, the Chinese firm saw its share price tumble 7.3 percent on Monday. But it quickly...
  • Mercedes Vila, co-founder of Biotech Foods, said her company aims to reach production scale and have regulatory approval by 2021. Photo: Reuters

    US$280,000 lab-grown burger set to be a lot more affordable

    Jul 10, 2019 9:41am
    Consumers concerned about climate change, animal welfare and their own health are fueling interest in so-called clean meat, with the number of associated business startups climbing from four at the end of 2016 to more than...
  • Suncity said it doesn't operate any online gaming business and all its operations are permitted under local government regulations. Photo: Reuters

    Suncity linked to online gaming in state media report

    Jul 9, 2019 2:34pm
    Macau’s biggest junket operator Suncity, which operates VIP gambling rooms around Asia, has raked in billions of dollars in online gaming and proxy betting, causing great harm to China’s social economic order, a state-backed report said....
  • Moutai is one of the very few consumer-oriented companies in China that do not have to worry about the inventory issue. Photo: Bloomberg

    Why Kweichow Moutai’s baijiu operation is such a good business

    - Jul 9, 2019 10:36am
    Kweichow Moutai is definitely a star performer in China’s domestic equity market. However, some investors keep complaining about its high valuation. Moutai’s 30 times price earnings look expensive, but not really if one looks at the...
  • Companies selling addictive products enjoy recurrent and resilient demand, making them attractive to investors. Photo: Reuters

    Addictive products make good investment theme

    - Jul 5, 2019 10:37am
    Companies involved in selling addictive products are often good investment targets given the recurrent and resilient demand. The latest example is China Tobacco International (06055.HK). A unit of state-owned China National Tobacco, the company floated its...
  • Chinese smartphone maker OPPO announced in April it has become the first official smartphone partner of The Championships, Wimbledon. Photo: AELTC

    Is data surveillance a motive for China’s sports sponsorship?

    - Jun 28, 2019 4:17pm
    Although the latest Grand Slam tennis tournament at Wimbledon is now upon us, it seems unlikely that Chinese players will be prominent during the coming weeks. Currently, the country has no ranked players in the men’s...
  • Nike's costs rose 10 percent in the three months to May as the company collaborated with more celebrities and ramped up marketing around major sporting events.  Photo: Reuters

    Nike misses quarterly profit estimates on higher marketing costs

    Jun 28, 2019 7:46am
    Nike Inc. missed analysts’ estimates for quarterly profit as the world’s largest sportswear maker spent more on marketing and new product launches, Reuters reports. To generate more demand Nike has collaborated with more celebrities, sped up...
  • Christina Dean (L), founder of environmental NGO Redress, aims to promote a circular economy in the fashion industry through upcycling of fabric waste. Photo: CNBC

    Redress: An NGO with a mission to make fashion sustainable

    - Jun 27, 2019 10:31am
    If you were to meet Christina Dean, you would know instantly she is a woman on a mission. It took just one cycling trip from Hong Kong to China to convince her that she needed to...
  • Analysts forecast Allergan's Botox sales to reach US$3.9 billion this year and nearly US$6 billion by 2025. Photo: Bloomberg

    AbbVie to acquire Botox-maker Allergan in US$63 billion deal

    Jun 26, 2019 8:48am
    Drugmaker AbbVie Inc. said it is acquiring Allergan Plc for about US$63 billion, giving AbbVie control over the lucrative wrinkle treatment Botox and buying time to seek new growth before its blockbuster arthritis treatment Humira loses...
  • Tariffs on China-made goods will raise the prices for US consumers, prompting people to cancel or delay plans to upgrade their gadgets such as cellphones and computers, American industry executives warn. Photo: Reuters

    Tariffs seen cutting US sales, upgrades of consumer tech goods

    Jun 25, 2019 9:12am
    US consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25 percent tariffs on Chinese goods, technology industry executives warned on Monday, Reuters reports. Sage Chandler, vice president of...
  • A war of words between Yili Group and Mengniu in relation to 2022 Winter Olympics marketing activities underscores the fierce competition in China’s dairy industry. Photo:

    What a spat between China’s top dairy brands tells us

    - Jun 24, 2019 10:28am
    Inner Mongolia Yili Industrial Group, China’s largest dairy firm, has openly accused rival China Mengniu Dairy of buying its way into the marketing campaign for the 2022 Winter Olympics in Beijing. Mengniu was criticized for paying...
  • Carrefour is scaling back its exposure to the China market amid fierce competition from local players and e-commerce platforms. Photo: Bloomberg

    Carrefour sells 80% stake in China unit to Suning

    Jun 24, 2019 9:32am
    French supermarket retailer Carrefour is selling an 80 percent stake in its China operations to in a deal worth about US$700 million. The deal values Carrefour China at 1.4 billion euros (US$1.59 billion), including debt,...
  • Eldorado Resorts-Caesars Entertainment deal will create a serious competitor to larger US casino industry players such as Las Vegas Sands and MGM Resorts. Photo: Bloomberg

    Eldorado Resorts seals US$18 bln deal for Caesars: report

    Jun 24, 2019 8:41am
    US casino operator Eldorado Resorts has agreed to merge with Caesars Entertainment in a cash-and-stock deal that values its peer at about US$18 billion including debt, Reuters reports, citing people familiar with the matter. The deal,...
  • The iPhone XR, which costs 7,599 yuan, was the best-selling smartphone model in this year's June 18 shopping festival, according to Photo: Reuters

    Loving China does not preclude loving iPhone

    - Jun 21, 2019 10:23am
    Chinese e-commerce company grossed 201.5 billion yuan (US$29.43 billion) of online sales during the June 18 shopping festival, up 27 percent from the year before. Smartphones were one of the best sellers. Last year, Honor,...
  • Climbers make their way to the summit of Mount Everest in Nepal on May 22. Photo: Reuters

    Economic lessons from Everest

    - Jun 19, 2019 12:17pm
    Like many others, I was shocked by recent images showing the size of the queue that formed in May to scale Mount Everest, the world’s highest peak, from the Nepalese side. The idea that delays caused...
  • Amazon Restaurants was launched in 2015 in Seattle and was designed to give Prime members a way to order meals, apart from products and groceries, through the online retailer. Photo: Reuters

    Amazon to shut restaurant delivery service in US

    Jun 12, 2019 8:05am Inc said it will end its US restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies’ Uber Eats services, Reuters reports. “A small fraction of Amazon...
  • The digital imaging business has become increasingly commoditized and competitive. Photo: Bloomberg

    Apollo Global to acquire digital imaging firm Shutterfly

    Jun 11, 2019 9:41am
    Private-equity firm Apollo Global Management has agreed to acquire US digital imaging company Shutterfly in a deal worth US$2.7 billion in total, Reuters reports. The buyout firm said on Monday that it will pay US$51 per...

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