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Leon Wang China’s probe into AstraZeneca has reached its uppermost echelons, ensnaring local president Leon Wang and questioning the future of the most successful Western pharmaceutical company in the country. The investigation is focused on aggressive sales tactics used in at least two of its oncology drugs – the lung cancer treatment Tagrisso and […]
Cafe de Coral has reverted to offering Anchor butter from New Zealand after changing its butter supplier led to customer dissatisfaction. The controversy sparked after Cafe de Coral recently switched to a less popular brand “Treasure” for its breakfast butter. The new product labeled as “slightly salted spreadable” on the box but missing […]
An upcoming second branch of Luckin Coffee has been spotted at Metro City Plaza Central in Tseung Kwan O after its first location in Tsim Sha Tsui’s Mira Place shopping mall sparked a frenzy of online chatter, with the largest mainland coffee chain seemingly showing confidence in expanding its services to Hong Kong. […]
BYD electric cars waiting to be loaded onto a ship for export at Taicang Port in Suzhou. AFP Cici Cao and agencies The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 percent at the end of its highest-profile trade investigation that has divided Europe and prompted […]
Cici Cao The government must have control over land arrangements to ensure supply, Chief Executive John Lee Ka-chiu says in response to an “overcorrection” warning issued by former leader Leung Chun-ying, as home prices hit an eight-year low last month. Lee said the lack of land creation at the start of the century failed to […]
Wallis Wang The mainland’s largest coffee chain Luckin will open its first branch in Hong Kong – right next to a shop belonging to its main rival Starbucks. Xiaohongshu users discovered that the Luckin Coffee branch have begun renovations in Mira Place, Tsim Sha Tsui, with boards saying “A Lucky… Source link
Staff reporter Over 70 percent of Hongkongers agreed that this year’s policy address will boost the city’s economy, while another 60 percent are satisfied with it, revealed a survey conducted by Sing Tao Daily, The Standard’s sister paper. The online survey, aimed at garnering public views on the policy address delivered by Chief Executive John […]
Chiang Mai becomes Hong Kong Airlines’ third destination in Thailand, joining Bangkok and Phuket, with daily flights now available. The budget carrier’s new daily direct service offers travelers more options for exploring the popular destinations of Northern Thailand. The launch is in time for Thailand’s Loy Krathong – or Festival of Lights – […]
The HKMA is in talks with the People’s Bank of China over details of linkages, says Eddie Yue. SING TAO Themis Qi The instant cross-border payment between Hong Kong and mainland China via the Faster Payment System is expected to start trial in mid-2025, the Hong Kong Monetary Authority said yesterday. At Hong Kong […]
KEY CUSTOMERS: The bulk of MDL’s business comes from the group’s own stores. Cici Cao MDL Wholesale, a food and fast moving consumer goods supply chain provider controlled by China’s retailing conglomerate Wumart Group, has applied for an initial public offering in Hong Kong, underscoring the IPO ambitions of Wumart founder Zhang Wenzhong. Zhang […]