Share
Revenue from Chinese retail trade for precious metals has slumped by almost half between January and March this year. Data gathered by Learnbonds.com indicates that revenue from the trade of gold, silver, and jewelry slumped by 47% during the period under review. The data indicates that by the end of March 2020, gold and silver…
Share
Alibaba (NYSE: BABA) said it will invest $28bn into its cloud infrastructure over the next three years as demand for services like live streaming and video conferencing increases. The Chinese e-commerce giant had generated year over year cloud revenue growth of 62% in the latest quarter while working from home policies amid the coronavirus outbreak…
Share
The travel industry is suffering a devastating phase as a result of the coronavirus pandemic that has seen borders closed, air travel cancellations and business lockdowns. Marriott, which manages just under 7,000 hotels worldwide, has been noticing early signs of improving demand in China where the health crisis is being brought under control, but the…
Share
Japan’s national debt to Gross Domestic Product (GDP) ratio is significantly higher when compared to the United States and China. Data gathered and calculated by Learnbonds.com indicates that Japan’s ratio is at least five times higher than China and two and half times more in contrast to the US. This ratio is a key indicator…
Share
Starbucks (NYSE: SBUX) stock slid further after the announcement of 80 per cent year over year sales decline in China for the month of February. It expects full-year China sales to decline 50 per cent from the past year period, anticipating a $400M-430M sales decline compared to the previous expectations. The company says almost 90%…
Share
Pepsi, a US multinational food and beverage maker, has agreed to buy Chinese snack brand Be & Cheery from Haoxiangni Inc. in a deal worth $705m, subject to regulatory approvals and shareholder votes. Be & Cheery was founded in 2003, and quickly established itself as one of the biggest online snack companies in China. Haoxiangni,…
Share
The People’s Bank of China (PBOC) is committed to offering more support to the Chinese economy as the nation battles the coronavirus epidemic. It says it will lower funding costs and release more liquidity to help boost the economy that’s facing serious challenges. The Bank’s official, Liu Guogiang, told reporters yesterday that the central bank…
Share
Commercial lenders in China have been offered medium-term funding to reduce interest rates in charges for money. China’s Central Bank made this move to cushion the effect of the coronavirus in the country. On Monday, the Chinese Bank offered a medium-term loan of $29 billion (200 billion yuan) which is valid for one year. The…
Share
General Motors is withdrawing its decision to offer only three-cylinder engines in its cars for the Chinese market. Recently, it made an aggressive decision to offer only three-cylinder Chevrolet and Buick models to the world’s largest car market. However, it seems such a decision has proven to be the wrong one, as sales for both…
Share
As the coronavirus disease keeps spreading and claiming more victims in China, some foreign companies are taking proactive measures to keep their employees and businesses safe. One of those companies to take the first initiative is Apple Inc, which is closing all its offices in mainland China until further notice. Apple is closing ALL stores,…
