For Yum China CEO Joey Wat, success in the mainland’s vast but fierce market does not hinge only on being a local or international fast-food brand. “I personally have huge respect for many local brands,” she said in November. “Chinese players are innovating a lot under the leadership of their founders. We fully understand that this is a cutthroat market.” Wat admitted to being a...

“Three Starbucks peach lattes for 84.90 yuan [US$12]”, a live streaming host tells viewers on Douyin, China’s popular short-video platform. “Three, two, one – the link is up. Don’t miss this deal, babes.” As Starbucks’ planned sale of a majority stake in its China business to Boyu Capital, announced three months ago, awaits regulatory clearance, the US coffee chain has stepped u...

Across Europe, demand for Chinese goods is soaring as consumers seek quality products at a lower cost. Some goods – particularly electric vehicles, batteries and solar panels – have been shipped from China at a large enough scale that the continent’s lawmakers have begun taking action against an “overcapacity” they feel could throttle domestic industries. But in one European cou...

London has cemented its role as a leading offshore hub for China’s yuan, according to a new financial cooperation agreement that also aims to ease the cross-listing of firms in each other’s markets. The deal emerged from the first meeting of the UK-China Financial Working Group, which convened in Beijing on Saturday. The meeting coincided with the final day of British Prime Mini...

China’s resumption of Canadian canola purchases, brokered during Prime Minister Mark Carney’s state visit to Beijing last month, faces an uncertain year, with upcoming North American trade talks posing a significant risk, industry players warn. Beyond the initial shipments, some insiders said, there remained “no public assurance” that imports would continue uninterrupted, as the...