China’s love for Peppa Pig continues to carry UK production giant Entertainment One November 20, 2018 The continued success of family cartoon shows such as Peppa Pig and PJ Masks have carried Entertainment One through the first half of its financial year, as restructuring costs take their toll on its profits. The company's share price fell more than 4.7 per cent as markets opened this morning. The figures Overall revenue for the six months [...]
Tesla’s Model 3 sedan on sale in China as Elon Musk plans to increase global operation November 17, 2018 Tesla's new Model 3 sedan is now available to order in China as the company continue to expand its global operation, particularly targetting the Asian market. On the company's website it says that Model 3 deliveries to China will begin in 2019 and Tesla CEO Elon Musk confirmed via his Twitter account that they will [...]
Chinese tech giant Tencent beats expectations on quarterly profit, but gets hurt by slowed revenue growth November 14, 2018 Tencent has trounced consensus estimates on profits in its third quarter, as gains from its investments helped to offset weaker results in its core gaming business hit by legal woes. Its share price was down 0.8 per cent as markets closed in Hong Kong this morning. The figures Net profit in the three months to September [...]
DEBATE: Can we expect the Chinese celebration of Singles’ Day to make it over to Britain? November 13, 2018 Can we expect the Chinese celebration of Singles’ Day to make it over to Britain? Abbie Llewelyn, a writer and commentator, says YES. If you think that Valentine’s Day is a commercialised hallmark holiday, just wait until UK companies catch onto Singles’ Day. Originating at Chinese universities in the 90s, Alibaba made it what it [...]
How emerging markets have changed over the past 20 years November 8, 2018 The transformation of emerging markets has been remarkable. The countries and companies that dominated 20 years ago have changed dramatically, influenced by the major geopolitical, economic and demographic changes that have taken place over this time. Navigating these changes can be complex, but these developments underline the importance of taking a flexible, active approach and [...]
US-China trade war hurts BMW profits as it pins hopes on electric cars November 7, 2018 BMW's profit before tax dropped dramatically in the third quarter amid challenges in the market and volatile global politics, the company said this morning. The figures Third quarter revenues grew by 4.7 per cent to €24.7bn (£21.5bn) compared to the previous year, while deliveries to customers rose modestly by 0.3 per cent. However, hit by [...]
Cost cutting helps New Look slow decline in like-for-like sales after China exit November 6, 2018 Retailer New Look slowed its decline in like-for-like sales amid challenging conditions on the high street, it said this morning. The company has said it will consider its position in markets abroad following a decision to pull out of China by the end of the year. In the UK, New Look is closing 85 stores, [...]
Truce or dare: A Trump stunt, or the end of the US-China trade war? November 6, 2018 Last Thursday, Donald Trump took to Twitter to tell the world that trade talks with Chinese President Xi Jinping were “moving along nicely”. His words prompted a rise in Asian stock markets; the Shanghai Composite index climbed by almost 2.7 per cent during trading on Friday, and the Hang Seng surged by about 4.2 per cent, [...]
Xi Jinping says global free trade ‘under attack’ as US-China trade war continues November 5, 2018 Chinese President Xi Jinping warned the global free trade system was “under attack” and promised to cut import tariffs and open its economy. In a speech at the China International Import Expo (CIIE), Xi appeared to attack US President Donald Trump amid a trade war between the world's two largest economies. “Multilateralism and the free [...]
King & Wood Mallesons’ City boss on rebuilding after the UK’s largest-ever law firm collapse November 4, 2018 When King & Wood Mallesons’ (KWM) European arm filed for administration on 17 January 2017 it was the culmination of a slow-motion car crash that had kept the UK legal market agog for months. Less than two years on the new London managing partner of what has been dubbed KWM 2.0 is not keen to [...]