Reuters Asia

Luxury e-tailer Mytheresa bets on post-COVID China expansion

By Casey Hall SHANGHAI (Reuters) – German luxury e-tailer Mytheresa is refocusing its efforts to grow its business in China, a notoriously competitive e-commerce landscape dominated by local giants Alibaba and, increasingly, Douyin, the Chinese version of Tiktok.  The company plans to court shoppers in the world’s third largest luxury market by employing personal shoppers …

Luxury e-tailer Mytheresa bets on post-COVID China expansion Read More »

China favours Israel, Palestinians resuming peace talks -foreign ministry

BEIJING (Reuters) – China is highly concerned about heightened Israeli-Palestinian conflict and favours the two sides resuming peace talks as soon as possible, Foreign Minister Qin Gang said on Monday. Qin, in separate phone calls with his Israeli and Palestinian counterparts, said China is willing to play a constructive role in promoting peace in the …

China favours Israel, Palestinians resuming peace talks -foreign ministry Read More »

China’s electric car drive, led by BYD, leaves global brands behind

SHANGHAI (Reuters) – China’s auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck in the slow lane. When auto executives convene in Shanghai for the auto show starting Tuesday, they will return to a sharply different market from the one they left in 2021 when the industry …

China’s electric car drive, led by BYD, leaves global brands behind Read More »

Myanmar’s Wa militia to suspend mining in its zone from Aug, tin prices jump

(Reuters) – Myanmar’s ethnic minority Wa militia will suspend all work at mines in areas it controls from August, an information official from the militia force, the United Wa State Army (UWSA), said on Monday, driving up tin prices about 12% across markets. Most of Myanmar’s tin concentrate comes from mines in the Wa state …

Myanmar’s Wa militia to suspend mining in its zone from Aug, tin prices jump Read More »

Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in India

By Praveen Paramasivam CHENNAI (Reuters) – A subsidiary of the world’s largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees ($280.86 million) to set up a manufacturing facility in Tamil Nadu, the Indian state government said on Monday. The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland …

Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in India Read More »

Chinese man charged with blasphemy in Pakistan after angry crowds gather – police

By Jibran Ahmad PESHAWAR, Pakistan (Reuters) – A Chinese worker was charged with blasphemy in northern Pakistan after angry workers surrounded his office accusing him of insulting the Prophet Mohammad, then stormed a police station to try to find him, officials said. Police moved in as crowds gathered at the Dasu hydropower project in Kohistan …

Chinese man charged with blasphemy in Pakistan after angry crowds gather – police Read More »