In a surprising move, Apple has launched a rare discount campaign in China, signaling a strategic shift amid fierce competition, primarily from rival Huawei. This initiative occurs at a critical time when economic pressures in China are palpable, characterized by decelerating growth and rising consumer price concerns. As noted in recent reports, November’s consumer inflation […]
Chinese Cosmetics Brand Mao Geping Raises $300 Million in IPO
The world of beauty and cosmetics has witnessed a remarkable feat as Mao Geping Cosmetics Co., founded by one of China’s most esteemed makeup artists, successfully raised approximately $300 million in its initial public offering (IPO) on the Hong Kong Stock Exchange. This debut has not only marked a significant milestone for the brand but […]
Zegna CEO Still Betting on China Despite Uncertain Growth
Ermenegildo Zegna, the esteemed Italian fashion house, continues to pursue its ambitious expansion strategy in China, demonstrating confidence despite the current economic uncertainties. This strategy, focused on a 2-3 year growth outlook, highlights Zegna’s resolve to invest in marketing and made-to-measure services, even in the face of a lack of clear indicators for economic recovery. […]