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Dingdong Maicai posted a US$900 million profit in the fourth quarter, but easing Covid controls and competition from the likes of Meituan suggest a bumpy road ahead. ....
(Bloomberg) In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison. Three years later, the Chinese tycoon has revived the supermarket business he founded, and is about to launch two initial public offerings one in Hong Kong and the other in the U.S.It’s a marked reversal of fortunes for Zhang, 59, who watched the Wumart grocery store chain he started in 1994 languish after he was convicted of fraudul ....
In 2018, Zhang Wenzhong was cleared by China's top court of financial misconduct charges after earlier spending more than half a decade in prison. ....
Pouring a bottle of Prosecco sparkling wine, Victor Shi－who runs wine and liquor sourcing at Sam's Club－recalled his trip to the historically renowned Prosecco production plant in Italy and how the product expresses the fruits and flora from the region. ....
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