Edition:
United States

Josh Horwitz

China's Luckin Coffee raises $150 mln from BlackRock, others

Apr 17 2019

BEIJING, April 18 China's Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion.

RPT-China's JD.com boss criticises 'slackers' as company makes cuts

Apr 14 2019

SHANGHAI, April 13 Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry's gruelling overtime work culture, lamenting that years of growth had increased the number of "slackers" in his firm who are not his "brothers."

China's JD.com boss criticizes 'slackers' as company makes cuts

Apr 13 2019

SHANGHAI Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry's grueling overtime work culture, lamenting that years of growth had increased the number of "slackers" in his firm who are not his "brothers."

Alibaba founder defends overtime work culture as 'huge blessing'

Apr 12 2019

SHANGHAI Alibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China's tech companies, calling it a "huge blessing" for young workers.

Chinese smartphone firms jazz up products, seize turf in home market from Apple

Mar 26 2019

SHANGHAI Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. | Video

Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture

Mar 22 2019

BEIJING Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.

UPDATE 3-Xiaomi weathers China smartphone slowdown but growth worries hit shares

Mar 20 2019

* Q4 net profit 1.85 bln yuan vs 1.7 bln estimated by analysts

Smartphone shipments to China hit six-year low in February: market data

Mar 13 2019

SHANGHAI Smartphone shipments to China in February fell to their lowest in six years, market data indicated, as consumers continued to put off handset purchases amid a slowing economy. | Video

Chinese food-to-ticketing app Meituan Dianping sees losses widen in fourth quarter

Mar 11 2019

SHANGHAI China's Meituan Dianping, an online food delivery-to-ticketing firm, said its fourth-quarter operating loss more than doubled as fast revenue growth was offset by sharply rising labor costs as it took on more staff.

World News

Exclusive: Gold worth billions smuggled out of Africa

Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found.