HONG KONG, China — Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.
HONG KONG, China — Prada shares fell more than 8 percent on Thursday morning after the Italian luxury fashion group reported full-year earnings that missed analyst estimates and forecast sales to rise by single-digit percentages this year.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, is expanding into China’s smaller cities to woo more customers as retail competition intensifies in the world’s second-biggest economy.
HONG KONG, China — Luxury handbag maker MCM Holding AG targets an initial public offering in two to three years amid sales that it expects to triple.
BEIJING, China — A fire in a lingerie factory in southern China on Wednesday killed 11 people, authorities said.
BEIJING, China — Craftsmanship ranks highest among words wealthy Chinese choose to define luxury, according to Mintel, underscoring changing tastes among big spenders.
HONG KONG, China — Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson Reuters data, major banks skipped an estimated $100 million in combined fees they could have made from work for other clients over the past year.
HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered better-than-expected earnings and focused on a new three-year plan that includes spinning off its brands and licences unit.
BEIJING, China — The China unit of Amazon.com Inc., the world’s largest e-commerce company, closed a third-party online store after state media reported that fake cosmetics were being sold.