Jiuquan Iron and steel Hongxing: it is expected that the net profit will increase by 217% year-on-year in 2021

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Midea Completes Controlling Acquisition of Italian Medical Imaging Firm Esaote

Midea Group (美的集团) completed its acquisition of a controlling stake in Italian medical imaging company Esaote S.p.A. (百胜医疗) on October 9, the companies said. Esaote will join Midea Healthcare while continuing to operate as an independent business headquartered in Genoa, with research and manufacturing facilities in Italy and the Netherlands.

Manus Parent Butterfly Effect Raises More Than $500 Million After Meta Deal Unwind

Butterfly Effect, the China-founded company behind AI agent Manus, has completed a funding round of more than US$500 million, the company announced on October 8. Boyu Capital and IDG Capital led the round, with existing investors Tencent, HSG and ZhenFund also participating. The company did not disclose its valuation or how it plans to use the proceeds.

China Southern Airlines Plans to Establish an Independent Cargo Airlines Subsidiary

CAAC has approved the new cargo subsidiary of China Southern Airlines, and the new subsidiary will join the Southern Air Cargo Logistics company.

Bad Quarter for Leading Chinese Airlines – China Southern Alone Shows Profits for Q3 2020

The three major China airlines have notified investors that the financial performance of the whole year 2020 may be seriously affected by the spread of COVID-19. Only China Southern had a positive update to share.