Burberry is making a comeback. The luxury brand has just wrapped up a holiday season that exceeded expectations. This is a big deal because, not too long ago, sales were slipping. The new CEO, who took over in mid-2024, has been steering the ship in a new direction. The focus is on classic items lik
Starbucks is making a big move in China. They are teaming up with Boyu Capital, a private equity group based in Hong Kong. This deal will create a joint venture worth $4 billion. Starbucks will keep a 40% stake in their 8, 000 Chinese stores. Boyu Capital will hold up to 60%. This isn't just about
Nike is making a bold move to grow in China and the outdoor sports market. They are putting their ACG brand front and center. This brand, which started in 1989, is known for hiking and biking gear. Now, Nike wants to make it a big player in trail running. The company is launching new trail running
Nvidia is gearing up to share its financial results for the first quarter of the fiscal year. This event is highly anticipated, as it will shed light on how the company is handling the tariffs introduced by former President Donald Trump. Additionally, investors are eager to see how Nvidia is faring
Apple is in talks with major Chinese tech companies Tencent and ByteDance to bring its advanced AI features to iPhones sold in China. The main challenge? Meeting Chinese regulations for AI services, like Apple's newly integrated OpenAI's ChatGPT. This tool enhances Siri but isn't available in China
In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has outshone Tesla in quarterly revenue for the first time. BYD's net profit soared by 11. 5% to $1. 63 billion in the third quarter, with total revenue hitting $28. 24 billion, a 24% jump from the same period last year. This im
For the first time ever, Chinese electric vehicle (EV) giant BYD has outshone its American rival, Tesla, in quarterly sales. According to a recent report, BYD's revenue for the three months ending Sept. 30 hit 201. 12 billion yuan ($28. 24 billion), a 24% increase from the previous year. This is a s
In the third quarter of 2024, the iPhone 16 gave Apple a boost in China's smartphone market, helping it secure a spot among the top five vendors. Although Apple's market share dipped slightly to 15. 6%, the new iPhone still made waves. Huawei, on the other hand, is staging a strong comeback. Despite
Mercedes-Benz is going all-in on cost cuts after seeing its profits drop significantly, with the blame mostly on weak demand in China. The German luxury carmaker kicked off a cost-cutting mission after its net profit went from $4 billion to $1. 9 billion in the third quarter. That's a dramatic cut f
Apple’s newest iPhone 16 is making waves in China. Sales are up by a whopping 20% compared to last year’s iPhone 15. This is great news for Apple, which has faced tough competition from Chinese phone makers like Huawei. The iPhone 16 Pro and Pro Max are the stars of the show, with their sales jumpin
