Business
Yum China posts record first-quarter operating profit of USD447 million - May 05, 2026
Yum China Holdings, which runs the KFC and Pizza Hut fast-food chains in the country, reported record operating profit of USD447 million for the first quarter amid plans to expand its store count by about a 10th this year.
L’Oréal China notches up solid first-quarter sales, plans to raise investment - May 05, 2026
L’Oréal China has said mid-to-high single-digit growth in first-quarter sales helped to consolidate the French cosmetics giant’s leading position in the Chinese market, and the business will continue to increase its investment and footprint in the country.
Foreign enterprises ramp up investment in China's Shanghai for growing opportunities - May 05, 2026
As a delivery drone slowly set down a parcel of cosmetics, the Estee Lauder China Supply Chain Intelligent Operations Center was officially launched in east China's Shanghai Municipality.
Shanghai tops over 10,000 coffee shops in 2025: report - May 05, 2026
The number of coffee outlets in Shanghai has surpassed the 10,000 mark, with the total figure reaching 10,336 in 2025, an increase from 9115 coffee shops in 2024, according to the 2026 China Urban Coffee Development Report released last Thursday.
Shanghai to invest USD585 million building world’s highest ferris wheel, other attractions - May 05, 2026
Shanghai will spend CNY4 billion (USD585 million) building five major new cultural tourism projects, including the world’s highest Ferris wheel.
China's consumption cities boost economy and global influence - May 05, 2026
With their combined retail sales of consumer goods exceeding 6.2 trillion yuan ($907.83 billion) in 2025 and revenue from departure tax refunds surging 86 percent year-on-year, China's five international consumption center cities have become key drivers of domestic spending, Minister of Commerce Wang Wentao said last Thursday.
Aero Engine targets certification for AEP100 turboprop model - April 29, 2026
Aero Engine Corp of China, the nation's leading aircraft engine manufacturer, plans to obtain the type certificate for its new model of turboprop engine, the AEP100, in 2027, according to a project leader.
China Eastern Airlines adds Shanghai to Tbilisi flights - April 29, 2026
Direct flights linking East China's Shanghai and Tbilisi, the capital city of Georgia, are scheduled to begin service on July 15 by China Eastern Airlines, becoming the first route operated by the Shanghai-based carrier between China and Georgia.
Duty-free shopping vouchers to be launched at Pudong Airport - April 29, 2026
A round of duty-free shopping voucher promotions will be launched at Shanghai Pudong International Airport, as authorities seek to boost spending at one of China's busiest international gateways.
Shanghai accelerates growth of garden economy - April 29, 2026
In a move to formalize and expand its burgeoning garden economy, Shanghai released its first-ever Garden Economy Cooperation Opportunity List on April 20.
