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Monthly Archives: March, 2022

China MU5735 crashed plane fell from 8869m, may disintegrate in the air

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China Eastern Airlines flight MU5735 with 132 people on board lost contact and crashed over Teng County, Wuzhou, Guangxi. An industry insider in mainland...

Alibaba and Tencent rumored to cut tens of thousands of jobs, Didi also plans to cut staff

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Alibaba and Tencent, two of China's leading Internet companies, are reportedly preparing to cut tens of thousands of jobs this year, which would be...

Can Adidas revive its performance in China with new chief?

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Following Nike's sharp drop in revenue in China in the second quarter of its fiscal year 2022, Adidas released its 2021 financial results showing...

Foxconn Shenzhen factory suspends iPhone production, 450,000-people plant shutdown, industry chain companies affected

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On March 14, Foxconn notified all Shenzhen factories to suspend operations in order to cooperate with local pandemic prevention efforts. The notice said that to...

Acura to exit China? Inevitably eliminated in China market

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A few days ago, some media reported that they learned from Acura's dealers that the Acura brand will withdraw from the Chinese market, and...

East Dawning to close permanently, another setback for Yum China’s Chinese food journey

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On March 7, the reporter noted that Yum China recently released its 2021 annual report announcing the termination of its Chinese fast food brand...

Does China really matter to the Stellantis Group?

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With the dismantling of Dongfeng Peugeot Citroen Automobile (DPCA) and the increase in the stake in GAC Fiat Chrysler Automobiles (GAC FCA) despite the...

Orion suspected of price rise only for China, ingredient ‘double standard’

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Some netizens broke the news that Orion only implemented price increases for China and Russia, and at the same time, the ingredient list was...

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