Molly Tea isn’t rushing into China’s tea wars—could that be the …
Oct 10, 2024 · For now, Molly Tea seems well-positioned to continue its cautious expansion, with Zhang eyeing both domestic and international growth. But as China’s tea market becomes increasingly saturated and the novelty of new-style tea wears off, the real challenge will be maintaining consumer interest.
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
Feb 14, 2024 · McDonald's wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint.
CATL launches advanced battery lineup to electrify heavy-duty …
Nov 27, 2024 · CATL’s experience in the passenger EV segment laid the groundwork for its commercial vehicle strategy. In China, CATL holds a 50.73% market share in engineering machinery batteries, while globally, its share stands at 30%, making it an industry leader.
The current state of self-driving across China in 2024 - KrASIA
May 21, 2024 · “Feels like we’ve done years of work in just a few months,” confessed a weary engineer from Chinese automaker Li Auto’s autonomous driving team, reflecting on the intense development journey of the past half-year.
Southeast Asian e-commerce: TikTok disrupts the market, Shopee …
Jan 24, 2024 · Despite having abundant funds, Lazada, due to frequent changes in its management team, allowed the later player Shopee to catch up. Starting in 2018, Lazada changed its CEO four times, leading to internal chaos.It wasn’t until January 2022, when Jiang Fan, the former president of Taobao Tmall Commerce Group, took charge of Alibaba’s international business, that Lazada was reorganized ...
China’s e-commerce industry pushes back on “no-return” refunds
Nov 5, 2024 · Early this month, when Eleven received an item she ordered from Taobao, Alibaba’s flagship retail platform, she saw a note attached to the package: “If you initiate a returnless refund without the seller’s approval, you will be sued immediately for a compensation of around RMB 2,000 (USD 280),” it read.
The secret behind Vivaia’s success in Japan’s footwear market
Sep 20, 2024 · Isetan’s flagship in Shinjuku, Tokyo, with over 130 years of history, has long been the undisputed leader among Japan’s department stores, consistently racking up over JPY 1 trillion in annual sales revenue.
From roadside stand to a global franchise: The rise of Mixue
Jul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million people, to commanding a business empire ...
Auntea Jenny becomes next Chinese tea brand to pursue Hong
Feb 20, 2024 · While Auntea Jenny has maintained a generally positive financial performance, it slightly trails behind other industry contenders. In 2021, 2022, and the initial nine months of 2023, Auntea Jenny reported operating incomes of RMB 1.64 billion (USD 227.8 million), RMB 2.199 billion (USD 305.5 million), and RMB 2.535 billion (USD 352.1 million), respectively, alongside corresponding net profits ...
Alibaba takes 5% stake in South Korea’s Ably
Dec 4, 2024 · Sunseap’s Frank Phuan backs UnaBiz in pre-Series C round. UnaBiz, which provides internet-of-things services at scale, has announced a strategic investment from Frank Phuan, co-founder of Sunseap Group, during its pre-Series C funding round.. UnaBiz said that it plans to leverage the capital to enhance its IoT offerings and advance global ESG objectives.