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BUSINESS4d agoStarbucks (SBUX) & Nike (NKE): Why America’s Biggest Brands Keep Losing in ChinaThis article explores why major American brands like Starbucks and Nike are struggling in the Chinese market. It offers insights into the challenges faced by these companies in a key global economy.Yahoo Finance
BUSINESS4d agoTim Cook’s Dark Legacy in ChinaCook’s leadership perfected Apple’s production – but Chinese workers paid the price.The Diplomat
BUSINESS4d agoTCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim ResultsAdjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout Results and Operational...nynewscast · united states of america
BUSINESS4d agoTCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim ResultsAdjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout Results and Operational Highlights Leveraging the strategy of "Globalisation" and "Premiumisation", TCL sustained strong growth momentum in operational performance. In the first half of 2026, revenue increased by 16.4% year-on-year ("YoY") to HK$63.76 billion, adjusted profit attributable to owners of the parent increased by 54.3% YoY to HK$1.64 billion. TV business : In the first half of 2026, overall revenue from the TV business increased by 24.3% to HK$35.25 billion YoY and TCL TV ranked 2 nd globally by shipment [1] , of which global shipment of Mini LED TV increased by 77.1%, with shipment remaining No. 1 globally [2] . International markets are still the core growth driver of the Company. Gross profit in international markets increased by 70.6% YoY to HK$4.82 billion. Internet business : In the first half of 2026, revenue from the internet business increased by 16.1% to HK$1.69 billion YoY, while gross profit amounted to HK$1.03 billion, increased by 30.4% YoY. Among these, the high-margin international internet business recorded a YoY growth of 74.6% in revenue, accounting for over 50% of total revenue and driving the overall gross profit margin up to 61.1%, with profitability continuing to improve. Innovative business : In the first half of 2026, innovative business maintained steady development with revenue grew YoY by 2.5% to HK$20.37 billion. Strategic acquisition : TCL Electronics announced the proposed acquisition of TCL Industries Holdings' air-conditioning-related business. The acquisition aims to advance its "all-category smart device" layout strategy and further expand the Company's revenue and profitability. HONG KONG , Aug. 28, 2026 /PRNewswire/ -- TCL Electronics Holdings Limited (" TCL Electronics " or the "Company" , 01070.HK ) today announced its unaudited interim results for the six months ended 30 June 2026. Benefitting from the effective implementation of its strategies of deepening global channel penetration and upgrading its mid-to-high-end product portfolio, the Company recorded a 16.4% increase YoY in revenue to HK$63.76 billion. The increase in shipment from Mini LED and large-sized products drove a notable improvement in overall ASP, while gross profit recorded YoY increase of 30.3% to HK$10.90 billion. Meanwhile, the Company continued to deepen refined operations across the entire value chain and optimise resource allocation efficiency, achieving effective cost and expense control, with overall expense [3] ratio at 11.7% during the reporting period. Bolstered by improved operating efficiency driven by AI and digital tools as well as economies of scale, the Company's profitability continued to improve, with profit after tax recording a YoY growth of 54.4% to HK$1.62 billion and adjusted profit attributable to owners of the parent recording a YoY growth of 54.3% to HK$1.64 billion during the period. In the first half of 2026, the Company's annualised return on equity increased by 4.2 p.p. YoY to 16.5%, maintaining a sound financial position. TCL ranked 12th in Gartner's 2026 Asia-Pacific Supply Chain Top 15, fully demonstrating the comprehensive strength and international competitiveness of the Group's supply chain system. In terms of strategic development, on 31 March 2026, the Company entered into a transaction framework agreement with Sony in relation to the home entertainment sector through establishing a joint venture. Both parties will integrate their respective strengths in technologies, branding and supply chains to jointly build a new global home entertainment ecosystem, providing strategic support for expansion into the mid-to-high-end market. In terms of the capital market, the Company is included for the first time in major indices including the "Hang Seng Composite Large-Cap & Mid-Cap Index" and the "Hang Seng SCHK Electronics Theme Index". Meanwhile, the Company received investment-grade ratings from three international credit rating agencies, Moody's, S&P Global Ratings and Fitch Ratings for the first time, demonstrating the international capital market recognition of the Company's operating performance, profitability and risk management capabilities. Premiumisation and Larger-Screen Upgrades Drive Strong Performance of Display Business in International Markets In the first half of 2026, the Company's TV business outperformed the industry, supported by its strong product competitiveness and global channel advantages. During the reporting period, revenue from the Company's TV business amounted to HK$35.25 billion, representing a YoY increase of 24.3%; gross profit reached HK$6.79 billion, up 50.5% YoY; and gross profit margin increased by 3.4 p.p. YoY to 19.3%. In the first half of 2026, TCL TV's global shipment market share reached 14.9%, up 0.7 p.p. YoY, maintaining its No.2 position globally. Its global sales revenue market share reached 13.4%, ranking among the top three globally [4] . Global shipment of Mini LED TVs, upgraded with SQD technology as their core, reached 2.43 million units, representing a YoY increase of 77.1%. Global shipment market share maintained No.1 [5] . This further expanded the Company's premium product portfolio and validated the effectiveness of the Company's mid-to-high-end transformation and its global operating capabilities. In terms of international markets, supported by the continued implementation of the mid-to-high-end strategy and targeted brand marketing, TCL TV's revenue reached HK$25.44 billion, representing a YoY increase of 29.6% and accounting for as much as 72.2% of TCL TV's total revenue. Gross profit increased by 70.6% YoY to HK$4.82 billion. The gross profit margin increased by 4.5 p.p. to 18.9%. In Europe, the penetration rate in key sales channels increased to 75%, driving revenue in the European market up by 17.2% YoY. In North America, revenue and ASP increased by 26.3% and over 18% YoY, respectively, driven by an improved product mix and a focus on mid- to high-end products. Driven by the on-going deepening of localised operations, revenue from emerging markets increased by 37.3% YoY, significantly outperforming the overall markets. In PRC market, the Company outperformed the industry with its product competitiveness. Revenue increased by 12.5% YoY to HK$9.81 billion, while gross profit rose by 17.0% YoY to HK$1.98 billion in the first half of 2026. The shipment market share of Mini LED TV remained No. 1 [6] in the industry, demonstrating strong operating resilience. The Company's small- and-medium-sized display business has been deeply engaged in the channels of leading network operators in Europe and the United States ("U.S."). In the first half of 2026, revenue increased by 27.4% YoY to HK$5.81 billion, while gross profit increased by 31.6% YoY to HK$0.83 billion. The smart commercial display business leveraged the TV business's globally leading resource advantages. In the first half of 2026, revenue increased by 23.2% YoY to HK$0.62 billion, while gross profit increased by 32.0% YoY to HK$0.07 billion. Internet Business Sustains Strong Growth Momentum, Cumulative Users of TCL Channel Platform Reached Record High In the first half of 2026, revenue from the Company's internet business amounted to HK$1.69 billion, representing a YoY increase of 16.1%, while gross profit amounted to HK$1.03 billion, increasing YoY by 30.4%. Among these, the high-margin international internet business recorded YoY growth of 74.6% in revenue, accounted for over 50% of total revenue and drove the overall gross profit margin up to 61.1%, profitability continues to improve. Leveraging the scale advantages of its TV end-products and asset-light operating model, the Company's internet business deepened its cooperation with global internet giants including Google, Roku and Netflix. TCL Channel platform continued to enrich its content ecosystem, adding more than 110 local channels in the U.S., Brazil and France, viewing time for live-streaming content increased by 131% YoY. Its video-on-demand business launched more than 4,400 content items, with viewing time increasing by 106% YoY. At the end of June 2026, cumulative users of the platform exceeded 53.59 million, while total average daily usage time in Europe, North America and Latin America increased by 95% YoY. The increase in both user scale and engagement further strengthens the foundation for business monetisation. Steady Growth in Photovoltaic Business, with TCL AiMe AI Companion Robot Pioneering a New Blue Ocean in Consumer Electronics Market In terms of innovative business, the photovoltaic business maintained its "relatively asset-light" positioning, optimised its business structure, focused on profitability, and expanded into core markets with strong power absorption capacity, high electricity prices and stable returns. The international markets continued to focus on core European countries, leveraging the synergies between SunPower's brand influence and TCL's global channel resources to accelerate the product deployment and business expansion of its "integrated energy solutions for photovoltaics, energy storage and heating". During the first half of 2026, revenue steadily increased by 2.3% YoY to HK$11.39 billion. Capitalising on market opportunities arising from the convergence of AI and IoT, the Company launched TCL AiMe in August 2026. Designed to provide emotional companionship in home scenarios, TCL AiMe is the world's first companion robot, featuring a modular design, human-like facial-expression interaction and whole-home voice collaboration. TCL AiMe is officially launched in August 2026 and is expected to open up a new blue ocean in the consumer electronics sector. Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout On 15 July 2026, the Company announced its proposed acquisition of the business of TCL air conditioner for a total consideration of HK$5.61 billion. Subject to the fulfilment of the conditions precedent, the transaction is expected to be completed in the fourth quarter of 2026 and subsequently consolidated into the Company's financial statements. The global HVAC market offers substantial growth potential, driven by multiple factors including the increasing prevalence of extreme weather, rising penetration rates in emerging markets and demand for energy-efficiency upgrades. Upon completion of the transaction, the acquisition is expected to effectively strengthen the Company's earnings base. The Company will leverage its mature global sales network and localised operating capabilities to unlock synergies across globalisation, branding and supply chains for a valuation re-rating, and continue to enhance returns for shareholders. Looking ahead, the Company will continue to consolidate its global business foundation, implement a clear premiumisation development path, strengthening the profit contribution from ecosystem businesses and cultivate diversified growth drivers. Leveraging its core strengths in global strategic layout, technological innovation, the all-category smart device ecosystem and the home entertainment platform jointly established with Sony, the Company will continue to unlock its operating potential, capitalise on industry development opportunities and achieve long-term, steady, sustainable and high-quality growth. [1] Source: Omdia, global brand TV shipment data for 2026 H1. [2] Source: Omdia, global brand Mini LED TV shipment data for 2026 H1. [3] Overall expenses comprise selling and distribution expenses and administrative expenses. [4] Source: Omdia, global brand TV shipment data for 2026 H1. [5] Source: Omdia, global brand Mini LED TV shipment data for 2026 H1. [6] Source: Omdia, global brand Mini LED TV shipment data for the first half of 2026. - Ends - About TCL Electronics TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since November 1999. Its business scope covers display business, innovative business, and internet business. Guided by the business philosophy of "Strategy Guidance, Innovation Driven, Advanced Manufacturing and Global Operation", TCL Electronics actively embraces transformation and innovation and focuses on breaking into the mid-to-high-end global market, and strives for an all-category layout for the "Smart IoT Ecosystem". Dedicated to providing users with all-scenario smart healthy living experiences, TCL Electronics aims to become a leading global intelligent terminal enterprise. TCL Electronics is included in the list of eligible shares for the Shenzhen-Hong Kong Stock Connect. It is a constituent stock of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite LargeCap & MidCap Index, and the "Hang Seng SCHK Electronics Theme Index". Since 2018, the Company has been awarded an ESG rating of A by Hang Seng Indexes Company for several consecutive years. For more information, please visit TCL Electronics' investor relations website at http://electronics.tcl.com , or access the official WeChat account of TCL Electronics Investor Relations.en_prnasisa · bahrain
BUSINESS4d agoTCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim ResultsAdjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout Results and Operational Highlights Leveraging the strategy of "Globalisation" and "Premiumisation", TCL...cision · united states of america
BUSINESS4d agoAlibaba’s (BABA) Big AI Bet Comes With A Big Price TagAlibaba is making a significant investment in AI, which implies a substantial cost. This indicates the company's strategic focus on artificial intelligence despite the financial implications.Yahoo Finance
BUSINESS4d agoBYD posts US$1.2 billion profit in second quarter on surging global demandChina’s electric vehicle (EV) giant BYD saw its earnings jump 30 per cent in the three months from April to June, ending a five-quarter losing streak as buoyant overseas sales and premium models enhanced its net margin and profitability. The Shenzhen-based carmaker, also the world’s largest EV builder, posted a net income of 8.2 billion yuan (US$1.2 billion) in the second quarter, up 30 per cent year on year. The quarterly performance beat a consensus estimate of 8 billion yuan in a Bloomberg...South China Morning Post
BUSINESS4d agoChina moves to stabilise property sector with ‘stronger-than-expected’ policy packageBeijing has unveiled a package of measures to shift home sales in China’s vast property market away from a presales model, in a stronger-than-expected push to stabilise a property downturn that has weighed on consumer demand for years. A notice released on Friday laid out reforms to China’s home sales system, telling local governments to prioritise completed-home sales. It was jointly issued by the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources and the...South China Morning Post
BUSINESS4d agoSupermax achieves turnaround in Q4 with pre-tax profit of RM35.15 millionRevenue rises to RM217.3 million, primarily driven by higher average selling prices and increased demandthesun_my · malaysia
BUSINESS4d agoGlobal entrepreneurs eye China partnerships at HICOOL summitGlobal entrepreneurs are seeking partnerships in China at the HICOOL summit. This indicates international business interest in the Chinese market.china.org.cn · China
BUSINESS4d agoChina to continue contributing to world development : Top economic plannerChina's top economic planner states that the country will continue to contribute to world development. This indicates China's ongoing role in global economic affairs.china.org.cn · China
BUSINESS4d agoSaga Governor meets JR Kyushu President: "Simultaneous equations for Shinkansen development are ready"Asahi Shimbun
BUSINESS4d agoWhy Malaysia’s push for 15 million Muslim tourists is no sure thingMalaysia sees an opening in the Gulf travel disruption caused by the Iran war, pitching itself as a Muslim-friendly destination for travellers seeking halal food, prayer facilities and family-focused holidays. But such gains could be limited because the conflict has not only weakened tourism within the Middle East, but also affected long-haul flight routes that Malaysia depends on to draw Muslim tourists, according to analysts. The push comes as the six-month-old war continues to disrupt travel...South China Morning Post
BUSINESS4d agoUncertainty over CATL lithium mine restart could fuel price volatility: analystsRestart schedules for the Jianxiawo lithium mine in Yichun, Jiangxi Province operated by CATL – the world’s largest lithium-ion-battery producer – are now facing fresh uncertainty. Analysts said the development could fuel volatility in lithium prices in the fourth quarter since the mine – the world’s largest single‑deposit lepidolite mine according to Yichun city – represented roughly 4 to 5 per cent of global supply when operating at full capacity. Local environmental regulator Yichun Ecology...South China Morning Post
BUSINESS4d agoMonetary , fiscal policies out of sync as BOK hikes rates , govt boosts spendingMonetary and fiscal policies are reportedly out of sync, with the central bank hiking rates while the government boosts spending. This indicates a divergence in economic strategy by key financial institutions.koreatimes.co.kr · South Korea
BUSINESS4d agoChina’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays offChinese chipmaker ChangXin Memory Technologies (CXMT) reported a sharp surge in first-half revenue on Friday, as the firm released its first financial results since becoming China’s most valuable publicly traded company in a blockbuster Shanghai listing last month. The Hefei-based firm – China’s leading maker of dynamic random-access memory (DRAM) products – posted revenue of 150.31 billion yuan (US$22.4 billion) for the six months to June, up 873.64 per cent year on year, according to a filing...South China Morning Post
BUSINESS4d agoBOCHK posts higher profit as lower credit costs offset margin pressureBank of China (Hong Kong), one of the city’s three note-issuing banks, reported a 7.1 per cent year-on-year increase in first-half net profit, as lower impairment charges and a wider net interest margin helped offset continued pressure on lending margins from falling Hong Kong interbank rates. Profit attributable to shareholders came to HK$23.74 billion (US$3 billion) for the six months to June 30, or HK$2.2453 per share, according to a stock exchange filing on Friday. The result beat analysts’...South China Morning Post
BUSINESS5d agoChinese robot maker Micbot looks to woo Aramco while chasing Hong Kong IPOA Chinese robotics firm is accelerating its overseas strategy, with a fleet of AI-powered industrial quadrupeds being primed for Saudi Aramco facilities, while revving up its bid for a listing in Hong Kong next year. Heavy-duty, explosion-proof robots from Micbot are tipped to join similar products from other suppliers at oilfields, petrochemical bases and mines operated by Aramco, according to Micbot’s chief marketing officer, Huang Ziyan. Unlike consumer-focused companies that make educational...South China Morning Post
BUSINESS5d agoChina debt crisis is fallout of financial suppression of householdsThe debt crisis in China is being attributed to the financial suppression of households. This indicates a significant economic issue with potential broad impacts.ianslive.in · India
BUSINESS5d agoMacau tycoon Lawrence Ho’s family office expands into space sector in de-SPAC dealBlack Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third de-SPAC deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with blank-check company Black Spade Acquisition III (BIII) at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing on the New York Stock Exchange,...South China Morning Post
BUSINESS5d agoShares in Chinese MLCC makers rise as AI lifts sales and profitsChina’s top makers of multilayer ceramic capacitors (MLCCs) – ubiquitous components known as the “rice of the electronics industry” – saw their shares rise on Friday after reporting ballooning first-half sales and profits amid soaring demand linked to AI. Shenzhen-listed shares of Chaozhou Three-Circle Company (CCTC) and Guangdong Fenghua Advanced Technology, two of the country’s largest MLCC makers, gained nearly 1 per cent and 3 per cent, respectively, in morning trading. CCTC’s Hong...South China Morning Post
BUSINESS5d agoJapan's finance minister to attend G20; market focus on yen debateJapan's finance minister and central bank governor will attend next week's U.S.-hosted meeting of finance chiefs from ‌the Group of 20 major economies, setting the stage for renewed…Japan Today
BUSINESS5d agoPre - orders explode for Geely Xiaomi rivalA rival product to offerings from Geely and Xiaomi has experienced a massive surge in pre-orders. This suggests significant market interest in the new competitor.canberratimes.com.au · Australia
BUSINESS5d agoChina Life’s revenue surges as top insurer ramps up investment in AI, chips and biotechChina Life Insurance, the country’s largest life insurer, has posted record highs in its first-half results, and says it will scale up investments in technology-related sectors while seeking to become a long-term partner for innovative enterprises. The Shanghai- and Hong Kong-listed insurer recorded revenue of 434.3 billion yuan (US$64.6 billion), up 81.5 per cent year on year, according to interim results released on Thursday. Net profit surged more than 228 per cent to 134.5 billion yuan. The...South China Morning Post
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