[Fast Retailing Shifts Focus From China to U.S. and Europe as Sales Fall]Fast Retailing, operator of Uniqlo, is redirecting its growth strategy away from China as sales in the Greater China region fell 4% to ¥650.2 billion in fiscal 2025—the first drop in five years.
[Costco Becomes One of the World’s Largest Apparel Retailers]Costco Wholesale has quietly grown into one of the world’s biggest clothing retailers.https://t.co/P3Y4rQdKJt
[Global Corporate Developments Overnight]Trump Administration Drops Tariff Plan on Imported Generic Drugs; Toyota Merges Dealership Networks in China to Boost Market Reachhttps://www.linkedin.com/feed/update/urn:li:activity:7382220179973312514/
Nvidia CEO Says U.S. Not Far Ahead of China in AI;Tesla Faces Federal Probe Over Full Self-Driving Safety Issueshttps://www.linkedin.com/posts/activity-7382220046107869185-rqi8?utm_source=share&utm_medium=member_desktop&rcm=ACoAABOhu6UBefsgFPtRQMPUpK1mN-C41H4p6Tw
Global Corporate Developments Overnight [Verisure Shares Soar 21% in Europe’s Largest IPO in Three Years][Spotify Removes 75 Million AI-Generated Songs Amid Content Surge]https://t.co/czaMvgWgeO
Global Corporate Developments Overnight
[SoftBank to Acquire ABB’s Robotics Unit for $5.38 Billion][Nvidia Confirms Investment in Musk’s xAI Amid $20 Billion Fundraise][AMD Surges 11% as OpenAI Orders Billions in AI Chips]
https://t.co/iSa34r8rO4
On September 27, beijing time,the ChiNext Index surged by 10%, contributing to a total market turnover that exceeded 1.4 trillion yuan.#StockMarket#stocks#china#Index
In August, China's domestic smartphone shipments reached 24.047 million units, a year-on-year increase of 26.7%. The Huawei Mate 70 series has entered mass production, with a planned launch in November.#Huawei#smartphones
On September 26, the Political Bureau of the Central Committee of the Communist Party of China convened a high-level meeting to address the country's economic challenges, marking the first time it issued several unusual stimulus signals.#Economics#china
On September 26, the Political Bureau of the Central Committee of the Communist Party of China held a high-level meeting addressing the country's current economic challenges. This significant gathering issued several unusual stimulus signals for the first time...
The Central Committee of the Communist Party of China and the State Council have issued opinions on implementing an employment-first strategy to promote high-quality and full employment.#employment#employees#China