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Yesterday — 7 January 2025Main stream

U.S. Adds Tencent to Chinese Military Companies Blacklist

7 January 2025 at 12:28
Tencent’s shares plunged nearly 10 percent after it was designated a military company. The Chinese battery manufacturer CATL was also added to the list.

© Jade Gao/Agence France-Presse — Getty Images

Tencent headquarters in Shenzhen, China.
Before yesterdayMain stream

Starbucks’ China Problem: Coffee Drinkers Want More for Less

For years, Starbucks was the dominant coffee chain in China. Now rivals offering local flavors and cheaper prices are crushing the company’s bottom line in its second-largest market.

Hong Kong’s Trophy Homes Are Selling at Fire Sale Prices

12 November 2024 at 18:04
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
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