Kweichow Moutai sees profits rise 16%
The world’s biggest alcohol group, Kweichow Moutai, saw its first-quarter net profit rise 16% on strong sales.
Source: thedrinksbusiness.com
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China stops facial recognition in hotels over privacy concerns
Chinese officials have told hotels in Beijing and other cities to stop scanning faces during check-in
Source: qz.com
Kweichow Moutai makes US$10.3bn profit
The world’s biggest alcohol group, China’s Kweichow Moutai, made net profits of 74.73 billion yuan (US$10.33 billion) in 2023.
Source: thedrinksbusiness.com
China stocks rise after factory activity data; Japan business optimism falls slightly
China released its official PMI figures over the weekend, while Japan released its Tankan survey, which gauges business sentiment in the country.
Source: nbcphiladelphia.com