SHENZHEN, China/SHANGHAI For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the U.S. and other overseas markets.
* Other Chinese firms also boost efforts to expand domestic
BEIJING Luckin Coffee turned in a bigger-than-expected loss as costs ballooned on store openings and heavy discounts aimed at competing with Starbucks , driving the Chinese firm's U.S.-listed stock down sharply on Wednesday.
BEIJING/HONG KONG Chinese brand ambassadors of fashion labels from Coach to Givenchy have severed ties with the companies over products which they said violated China's sovereignty by identifying Hong Kong and Taiwan as countries. | Video
BEIJING/HONG KONG, Aug 12 Chinese brand
ambassadors of fashion labels from Coach to Givenchy have
severed ties with the companies over products which they said
violated China's sovereignty by identifying Hong Kong and Taiwan
BEIJING/TAIPEI China's film regulator on Wednesday said it was blocking the mainland movie industry from participating in Taiwan's Golden Horse Awards without a giving a reason, in the latest sign of rising tensions between Beijing and the self-ruled island.
PARIS/BEIJING China's Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA , valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as both firms look to expand in a recovering global music market. | Video
* Titles such as "Codename: South China Sea" unveiled at
SHANGHAI Chinese gaming companies, including giants Tencent and NetEase , unveiled new titles at an industry meet that show off socialist values and patriotic themes amid stricter state censorship and a push to back Communist Party propaganda.