with Starbucks’ per-store revenue dropping by one-third, turning what was a moderately good business into a less profitable one. Of course, if Chinese coffee shops can succeed internationally, the situation could change dramatically. The key question is whether they can truly succeed abroad, simi...
TheAlibaba-backedEV maker has pledged to put more effort into overall car-making after reporting three consecutive months of dropping sales as of October and losses of RMB 6.78 billion ($1 million) for the first three quarters of 2022. It is also dealing with an aging product portfolio an...
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism,subscribe today. China’s digital currency project reached a new milestone in April when the People’s Bank of China (PBOC)launched the first trials of the digital RMB in fou...
So why does Pinduoduo omit official reference to Groupon (NASDAQ: GRPN) when it clearly does not shy away from name-dropping? Screenshot of Google’s stock price from Google. For one, Groupon is more of a has-been then an ascendant star. Making reference to Groupon might actually ...
This is the exact subset of people who were the target of the original MacBook Air in 2008. I don’t know how the numbers break down between the price-sensitive and the well-off, but I’m going to hazard a guess that well-off non-techies are actually the largest of the three groups...
Ellie Kemper’s time as a Princeton field hockey player may not be the stuff of athletic lore, but it’s still an era she remembers fondly. Kemper, who is best known for her work on “The Office” and as the titular character in “The Unbreakable Kimmy Schmidt,” entered Princeton as ...