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Shanghai Daily,上海日报

Consumer


Index reveals ‘new normal’ consumer style

A ‘new normal’ is emerging among Chinese consumers as China switches to a consumption-driven economy as their willingness to spend increases, according to a latest study. The Chinese Consumer Confidence ...

February 4, 2016, Thursday


Pfizer sees 2016 revenue, profit below estimates

US drugmaker Pfizer Inc, which is in the process of buying Botox-maker Allergan Plc for US$160 billion, forecast 2016 revenue and earnings below analysts' estimates, citing generic competition and a strong ...

February 3, 2016, Wednesday


Macau gambling revenues shed 21.4%

Gambling revenues for Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world’s largest casino hub....

February 2, 2016, Tuesday


Alibaba’s 32% jump in revenue beats forecast

CHINESE e-commerce giant Alibaba saw its revenue jump 32 percent year on year for the quarter ending in December, it said in a statement yesterday, despite slowing growth in the world’s second-largest ...

January 29, 2016, Friday


McDonald’s focuses on lower-tier cities

MCDONALD’S China aims to open 250 new stores in China this year, the most of any market, while also pushing digital ordering for made-to-order burgers. The new stores will be mostly located in third and ...

January 28, 2016, Thursday


Haier’s GE unit buy shows China M&A maturity

IN the lead up to General Electric Co’s appliance unit auction, Haier Group did something Chinese bidders have rarely dared to do in a competitive global merger and acquisition, or M&A, deal. While informal ...

January 28, 2016, Thursday


Tesco ‘put profit ahead of suppliers’

TESCO, Britain’s biggest supermarket group, “seriously breached” a legally binding code to protect suppliers in order to prop up its own finances as it battled an industry slowdown, the country’s grocery ...

January 27, 2016, Wednesday


Swiss watch exports slide on poor HK sales

SWISS watch exports fell for the first time in six years in 2015, as the key Hong Kong market tanked, an industry body said yesterday. After several years of record growth, exports lost 3.3 percent to ...

January 27, 2016, Wednesday


Haier’s profit jumps

CHINA’S leading home appliance maker Haier said its profit jumped 20 percent year on year to 18 billion yuan (US$2.7 billion) in 2015, despite falling global sales. Haier’s global sales were 188.7 billion ...

January 25, 2016, Monday


Chinese funds set to buy Aussie grain farmlands

CHINESE investors are on the verge of securing the purchase of one of Australia’s largest grain farming properties in the wheatbelt north of Perth in Western Australia. The deal between John Nicoletti, ...

January 22, 2016, Friday




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