BEIJING/HONG KONG—China Evergrande Group will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($157 million) bond in a meeting with bond holders this weekend, underscoring the pressure on the debt-laden property developer. Evergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of…
As Pressure Mounts, China Evergrande Seeks Delaying Onshore Bond Payment
January 6, 2022
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Qualcomm Separates Snapdragon Brand
Qualcomm Inc. has announced its plans to split the Qualcomm and Snapdragon brands. From now on, Snapdragon will be a “standalone product brand with specific ties to the Qualcomm brand where appropriate.” “A new simplified and consistent naming structure for our platforms makes it easier for our customers to discover and choose devices powered by…
Exclusive: China’s Miniso to Double US Stores, Add NY ‘Flagship’ as Pandemic Slashes Mall Rents
September 14, 2021
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ChinaChina Business & EconomyeconomyflagshipLocal NewsMinisoNew YorkNY NewspandemicRegional-Local NewsUSUS NewsUS-China relations
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BEIJING—Chinese retailer Miniso Group will open a flagship store in New York and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap goods for home and work like $10 soft toy cats and $4 staplers shaped like avocados. At less than 60 outlets, Miniso’s U.S. presence will…
China’s Miniso to Double US Stores, Add NY ‘Flagship’ as Pandemic Slashes Mall Rents
September 14, 2021
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ChinaChina Business & EconomyeconomyflagshipLocal NewsMinisoNew YorkNY NewspandemicRegional-Local NewsUSUS NewsUS-China relations
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BEIJING—Chinese retailer Miniso Group will open a flagship store in New York and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap goods for home and work like $10 soft toy cats and $4 staplers shaped like avocados. At less than 60 outlets, Miniso’s U.S. presence will…
Porsche Recalls Flagship Electric Model Taycan Over Software Issue
FRANKFURT—Luxury sports carmaker Porsche AG must recall 43,000 of its electric Taycan cars over faulty software that can cause the battery-powered engine to suddenly shut down, it said on Friday. The recall affects all Taycan vehicles produced and delivered by June, the company said, adding the cars would receive a software update to fix the…
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