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Zhu Wenqian

Zhu Wenqian

Beijing
Senior Reporter, Business
Wenqian joined the Post in 2025 after her tenure at China Daily in Beijing. She holds an MA in journalism from New York University and is a recipient of the Hearst Journalism Award for multimedia reporting in the US.
Wenqian joined the Post in 2025 after her tenure at China Daily in Beijing. She holds an MA in journalism from New York University and is a recipient of the Hearst Journalism Award for multimedia reporting in the US.
Areas of Expertise:
Retail, Aviation, Property
Languages Spoken:
English, Mandarin

China’s Pop Mart warns of looming headwinds, unveils buy-back plan

Decline in sales growth will be ‘difficult to reverse’ without a new product format or powerful celebrity endorsement, analyst says.

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Gap’s plan for dozens of new stores and return to Hong Kong market comes as Ralph Lauren also posted a 40 per cent year-on-year jump in China sales in past quarter.

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Despite posting strong revenues, China’s multinationals logged average profits of US$4.5 billion in 2025, just 40 per cent of US counterparts’ figure.

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Domestic A-shares have returned to near-2021 levels as real interest rates decline, though researchers warn a sustained recovery is not yet guaranteed.

China’s answer to Warren Buffett now owns a 7.65 per cent stake in the toy brand, despite a lukewarm reception for the new Labubu Hair Salon series.

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