Shutdown wave hits Chinese jewelry industry, Chow Tai Fook closes 180 stores in six months.
In recent development on July 24th, Chinese jewelry giant, Zhou Dafu, known as the “Jewelry King,” released its financial performance…
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Even the wealthy are tightening their wallets as China’s weak consumer spending hits luxury goods sector.
China’s consumer sentiment has turned grim and spread into the luxury goods industry. The world’s largest luxury goods company, LVMH…
Goldman Sachs, Jefferies, and JPMorgan Lower Rating on Nongfu Spring Stocks
On Wednesday, July 24th, Nongfu Spring Company’s stock price hit a new low, dropping by 6% at one point during…
International Buyers See Sharp Decline in US Home Transactions, Chinese Lead in 2 Indicators
According to a recent report from the National Association of Realtors (NAR) in the United States, foreign real estate buyers…
Tesla’s second-quarter profit falls short of expectations, Chinese electric car stocks drop.
The electric vehicle industry continues to face challenges. American electric car giant Tesla reported a second consecutive quarter of declining…
Shanghai Meilong Town Shopping Mall to Close Down, Nearly 7,000 Stores in China to Shut Down Within Six Months
In recent news from Dajiyuan on July 24, 2024, the Chinese economy continues to decline with weak domestic consumption. A…
First A-share company delisted due to consecutive market value below 300 million.
On July 23rd, Shenzhen Tiandi (Group) Co., Ltd. (ST Shentian) announced that due to its market value remaining below 300…
LVMH Group’s Sales Fall Short of Expectations as Chinese Market Slows
In a report released on Tuesday, July 23, the LVMH (Moët Hennessy Louis Vuitton) group indicated a slowdown in sales…
Big Lots to Close 54 Stores in California
Big Lots, a discount retail chain headquartered in Ohio, revealed in a report submitted to the Securities and Exchange Commission…
China’s first airline goes bankrupt after pandemic, discounted planes for sale without buyers
After undergoing bankruptcy restructuring, Yuhe Aviation Company auctioned off an Airbus A300 aircraft on the Jingdong platform on July 21….