An independent source on Chinese and Western brands in and outside China
Over the next decades, China will ultimately establish a conventional aviation industry. Meanwhile, the country can overtake its Western counterparts in developing the green aircraft of the future, where everything has to be invented, from design to infrastructure, including components and composite materials.
Founded in 2017, Chinese cosmetics brand Perfect Diary has just obtained USD150 million from a pool mainly composed of American investors. With this new fundraising, the brand, which emerged from the Chinese digital ecosystem, is valued at USD4 billion. Has China finally found its first global beauty brand?
British government is in talks with China Railway Construction Corporation company (CRCC, 中国铁建) about putting its HS2 project back on track, reported British newspaper Financial Times. HS2, the UK’s over budget and long delayed high-speed rail line, which will speed from London to the Midlands and the north of England, this month received the go-ahead for the first phase of construction.
