How Miniso’s global expansion and IP strategy are driving record ...
Sep 30, 2024 · With over 7,000 stores worldwide, Miniso saw record profits in the first half of 2024, driven by its overseas expansion and strategic use of IP partnerships.
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.
Pop Mart’s Labubu breaks records in Thailand—can the trend go …
Oct 30, 2024 · Pop Mart’s international business head, Wen Deyi, attributes this success to a combination of timing and strategy. The timing, Wen explained, came down to Lisa’s endorsement and Thailand’s tourism revival following the pandemic.
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.
SF Express rebounds in 2024 but faces new battles on multiple fronts
Oct 9, 2024 · Header photo source: SF Express. In the first half of 2024, SF Express posted revenue of RMB 134.41 billion (USD 18.8 billion), reflecting an 8.08% year-on-year growth.
Bilibili hits profitability milestone but faces big questions about its ...
Nov 22, 2024 · Bilibili’s Q3 profit is a commendable achievement, but sustainability is the real test. While advertising innovations and gaming hits like Three Kingdoms have propelled the company forward, cracks remain visible. Gaming revenue is heavily reliant on a single title, and the next big hit is nowhere in sight.
From Fila to Descente: How Anta’s global play is reshaping the ...
Sep 13, 2024 · “Although the consumer market faces challenges, we remain confident about the future. The board has approved a share repurchase plan. Over the next 18 months, we’ll allocate up to HKD 10 billion (USD 1.3 billion) to buy back shares, boosting shareholder returns and creating long-term value.”
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 ...
Inside Zara’s pivot: From fast fashion to affordable designer style
Nov 13, 2024 · As fast fashion brands face backlash for quality and environmental concerns, and luxury brands alienate younger consumers with price hikes, Zara fills a niche for consumers seeking stylish, well-made clothes at reasonable prices.
GAC Aion opens new factory in Thailand, eyes overseas growth
Jul 24, 2024 · On July 17, Chinese electric vehicle maker GAC Aion celebrated the grand opening of its new factory in Rayong, Thailand, marking a significant milestone in its Southeast Asian expansion.