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Starbucks China’s Innovation Technology Center to Set Up in Shenzhen Futian District, with a 3-Year Investment of 1.5 Billion RMB

Aug 29, 2023

On August 18th, the world’s largest coffee chain, Starbucks Group, announced the establishment of Starbucks China Innovation and Technology Center (SITC) in Shenzhen. This center aims to enhance its own technological capabilities and data infrastructure, further driving the digitalization process of stores and multiple channels.
Set to be located in Futian District, the center plans to commence operations in September of this year. SITC will make an initial investment of approximately 1.5 billion RMB (220 million USD) over the next three years and aims to recruit hundreds of out …

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Jiangnanbuyi Turns Loss into Profit in the Past Fiscal Year, Social Retail Channel GMV Soars by 70.4%
China Watch Financial Summary

Jiangnanbuyi Turns Loss into Profit in the Past Fiscal Year, Social Retail Channel GMV Soars by 70.4%

Jiangnanbuyi Group’s members who spend over 5000 RMB annually contribute to over 60% of offline retail sales.

Sep 12, 2023
Karl Lagerfeld China Turns Loss into Profit, as Sept Wolves’ Sales Increase 6% YoY in the First Half of the Year
China Watch Financial Summary

Karl Lagerfeld China Turns Loss into Profit, as Sept Wolves’ Sales Increase 6% YoY in the First Half of the Year

In the first half of the year, Karl Lagerfeld China saw a growth of 36.7% in revenue, reaching 170 million yuan. The net profit turned from a loss to a gain, reaching 15 million yuan.

Aug 29, 2023
Pop Mart’s First Half Net Profit Surpasses Full-Year 2022, Overseas Business Earnings Revealed for the First Time
China Watch Global News

Pop Mart’s First Half Net Profit Surpasses Full-Year 2022, Overseas Business Earnings Revealed for the First Time

Pop Mart’s overseas business revenue soars by 140% in the first half of the year!

Aug 25, 2023