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China’s Bosideng outlines strategy to become premium outerwear brand; dismisses short-seller accusations as ‘misleading’

Bosideng International Holdings, China’s largest down clothing maker, will take its product upmarket and online to compete with imported brands like Canada Goose and Moncler, as it puts up a defense against a shortseller’s report.Bosideng’s chairman and chief executive Gao Dekang outlined the company’s strategy to target big spending twenty-somethings and millennials at a press conference in Hong Kong on Thursday, following a wild week as the company’s Hong Kong shares were whipsawed after a… Source link

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Vietnam 

VMAC builds strategy for debt trading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The VAMC will build a legal framework for the establishment and operation of a bad debt trading platform in 2020-21. — VNA/VNS Photo Trần Việt HÀ NỘI — The Việt Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Việt Nam this year, in which it will play a central role to promote the development of the debt trading market. The company expected to submit the plan to authorities for approval and bring the market into operation next year, it said in the newly released…

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French cosmetics maker L’Occitane’s profit beats expectations as sales strategy pay off

L’Occitane International reported a 21.8 per cent growth in annual net profit on the back of strong sales, handily beating estimates.The Hong Kong-listed French cosmetics said on Monday that profit attributed to shareholders stood at €117.6 million (US$131.88 million) for the year ended March compared to €96.5 million a year earlier. Analysts polled by Bloomberg had a consensus estimate of 14.5 per cent growth in net profit to €108.33 million.Net sales jumped 8.7 per cent to €1.42 billion,… Source link

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Vietnam 

Việt Nam to shape growth strategy for next decade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam is confronting a rapidly ageing population, tepid productivity and sluggish investment growth which weigh on the country’s medium-term growth potential. — Photo petrotimes.vn HÀ NỘI – Việt Nam would have to push ahead with bold reforms in institutions, human resources, infrastructure and innovation for better quality growth in the next ten years, experts have said. The Government is shaping a socio-economic development strategy for 2021-30 and a development plan for 2021-25. The next ten-year plan will focus on quality growth, targeting fast but green and inclusive development, and building a modern…

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Tencent to change marketing strategy after Honour of Kings flops abroad

When Chinese internet giant Tencent Holdings made its first big foray overseas with an adaptation of its blockbuster mobile game Honour of Kings in the summer of 2017, executives thought they had a sure-fire success on their hands.The multiplayer role-playing game, in which players hack and slash their way through battle arenas, had 55 million daily active users in China and was raking in roughly US$145 million a month, making it the company’s top-grossing game.But missteps in development and… Source link

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Here’s a strategy for surviving the US-China trade war: short the Australian dollar and go long on the Japanese yen

Short Australia’s risk-sensitive currency against the haven yen. That is emerging as one popular currency trade as investors look to profit from the US-China trade war.With the conflict escalating, Citigroup predicts the Aussie-yen will slip to about 72.75 in a few weeks, which marks a drop of more than 4 per cent from a level of 76.04 in Asia Wednesday. Jeffrey Halley, a 30-year currency trading veteran and market analyst at Oanda Asia-Pacific, reckons the pair could fall below 70 in the next… Source link

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Vietnam 

Việt Nam must adjust mechanical engineering development strategy: firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A mechanical engineering line at the Cosmos Industrial Company, Ltd in Thụy Vân  Industrial Park in the northern province of Vĩnh Phú. — Photo tinhuygialai.org.vn   HÀ NỘI – Việt Nam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably. So said business associations at a conference promoting Việt Nam’s mechanical engineering industry, held in Hà Nội yesterday by the National Assembly’s Committee for Science, Technology and Environment and the Việt Nam Association of Mechanical Industry (VAMI). At the conference, they said the nation…

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China 

Does China’s lead in the global premiere of ‘Avengers: Endgame’ herald a new global distribution strategy for Hollywood blockbusters?

Until recently, every major studio picture would be widely released in the United States first, before rolling out to Europe, and then on to Asia, often weeks later.These “territorial release windows” were sequenced in that order because foreign sales of Hollywood movies were significantly influenced by how well the film sold in America first.Those days are over. Breaking with tradition, Disney’s mega-blockbuster Avengers: Endgame, the 22nd instalment of the Marvel Universe franchise and… Source link

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Vietnam 

Development of digital economy requires national strategy for network security – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representative of a company introduces a security solution to visitors at the Vietnam Security Summit 2019 in Hà Nội. — Photo courtersy of the event organiser     HÀ NỘI – Việt Nam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities. Việt Nam’s internet economy reached US$9 billion in 2018, making up 4 per cent of Việt Nam’s gross domestic product (GDP) and tripling that of 2015, and…

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Citigroup’s golden strategy as banker to Fortune 500 companies taps China’s Belt and Road corridors

Citigroup said on Wednesday that its revenue is up 30 per cent over the past year from clients along trade corridors being developed as part of China’s “Belt and Road Initiative”.The bank said the growth was being driven by increased business activity by Chinese companies, as well as multinational corporations, along trade routes connecting China to Europe and the Middle East through Central Asia and China to Southeast Asia.The projects cited by Citi included a US$775 million project bond for… Source link

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