Ikea will close seven stores in China from Feb 2 as it moves from broad expansion to more focused growth and online sales.

CEO Joey Wat reported that Yum China "delivered solid results once again in quarter 2," achieving record highs in revenue, operating profit, and OP margin for the second quarter. Wat emphasized that ...

Yum China Holdings, Inc. is the largest restaurant operator in China, targeting 20,000 locations by 2026 and expanding via franchising in lower-tier cities. YUMC maintains solid operating margins and ...

(Bloomberg) -- Top executives at Western brands that do business in China are showing cautious optimism that consumer spending in the crucial market is starting to recover after a lengthy downturn.

Apple Inc. is closing a retail store in China for the first time, marking a notable retreat in a market where the iPhone maker is striving to revive sales. The company said on Monday that it will shut ...

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