After 33 years, McDonald’s is finally accelerating its ... - KrASIA
Feb 14, 2024 · McDonald's wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint.
Molly Tea isn’t rushing into China’s tea wars—could that be the …
Oct 10, 2024 · For now, Molly Tea seems well-positioned to continue its cautious expansion, with Zhang eyeing both domestic and international growth. But as China’s tea market becomes increasingly saturated and the novelty of new-style tea wears off, the real challenge will be maintaining consumer interest.
The current state of self-driving across China in 2024 - KrASIA
May 21, 2024 · “Feels like we’ve done years of work in just a few months,” confessed a weary engineer from Chinese automaker Li Auto’s autonomous driving team, reflecting on the intense development journey of the past half-year.
Pop Mart’s Labubu breaks records in Thailand—can the trend go …
Oct 30, 2024 · Pop Mart’s international business head, Wen Deyi, attributes this success to a combination of timing and strategy. The timing, Wen explained, came down to Lisa’s endorsement and Thailand’s tourism revival following the pandemic.
Unpacking Sunwoda’s rise as an EV battery player | KrASIA
Sep 12, 2024 · With monthly sales exceeding 50,000 units, Li Auto has firmly secured its position as the leader among China’s new energy vehicle startups. This rapid growth has also spotlighted its supply chain partners, with one low-profile battery supplier now stepping into the limelight.
From roadside stand to a global franchise: The rise of Mixue
Jul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million people, to commanding a business empire ...
Brewing success abroad: Chinese tea brands set sights on ... - KrASIA
Jan 17, 2024 · The Southeast Asian market shares significant commonalities while also having distinct differences. 11 countries, dozens of languages, and diverse economic, cultural, and religious landscapes.
KrASIA | Spotlighting Asia’s next wave of innovations
KrASIA reports the most promising trends and businesses across the tech and startup ecosystems in the Asia Pacific. Uncover the next wave of innovations with us.
Hisense's global push: How China’s TV giant is conquering …
Sep 5, 2024 · Hisense's aggressive overseas strategy, including a new factory in Egypt, is driving its global expansion.
US introduces preliminary tariffs on Southeast Asian solar imports
Oct 3, 2024 · The US Department of Commerce (DOC) has issued preliminary countervailing duties on solar imports from Cambodia, Malaysia, Thailand, and Vietnam, a critical move aimed at addressing what US officials describe as unfair competition from Chinese-owned manufacturers operating in these countries.