Daniela Wei

The firings of Luckin Coffee Inc.’s chief executive officer and her lieutenant in an escalating scandal over faked transactions is another body blow for the Chinese chain, which expanded at breakneck speed trying to supplant Starbucks Corp. as the dominant barista in a booming coffee culture.

The Asia-Pacific beer unit of Anheuser-Busch InBev NV posted a quarterly loss as strict lockdown measures kept restaurants and bars shut through February and March in China.

Liquor giant Kweichow Moutai Co.’s buoyant first quarter earnings is the latest sign that China’s demand for luxury goods is resilient, a relief for global brands dependent on the Asian nation to drive growth.

Hong Kong schools will remain shut until at least the end of the Easter break in mid-April, extending a closure that began a month ago.

The team behind Luckin Coffee Inc. is betting that what worked for them in car rentals will prove a success with java. Their $130 million annual cash burn -- and rival Starbucks Corp.’s dominance in the Chinese coffee market -- makes it a risky proposition.

China’s love of a fiery grain liquor made Kweichow Moutai Co. the world’s most valuable alcohol distiller, and the company’s approach has been to milk that demand for all it’s worth.

Traditional retail and e-commerce hold little interest for consumers who are wedded to smartphones and take their cues from influencers.

The Ho empire controlled Macau’s economy almost completely for decades.

Almost two months after He Jiankui retreated from view after shocking the world with claims he edited the genes of twin baby girls, the Chinese scientist told a Stanford University fellow researcher that he regrets not being more transparent and open about his project.

The global medical community is distancing itself further from the researcher whose controversial gene-editing work has been condemned by scientists and the Chinese government.

Volvo Car Group’s billionaire owner warned of the looming trade war’s adverse effects, saying consumers and automakers such as his will be among those hurt by the dispute involving the U.S. and China.

Some of China’s biggest manufacturers that supply U.S. multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s cross hairs as his administration discusses new import tariffs.

Shares of Kweichow Moutai Co. gained the most since mid-2015 after the world’s most valuable spirits maker said it will raise the price for its signature drink for the first time in five years.

Macau, the world’s largest gambling hub, is on its way to seeing casino profits surge toward highs set before a Chinese government corruption crackdown drove wealthy high-rollers away.

Macau’s biggest junket operator wants to be more than a middleman lender for Chinese high rollers, so it’s spending billions of dollars to transform itself into an overseas casino operator on par with Las Vegas Sands Corp. and Wynn Resorts Ltd.

The resort, due to feature $1,500-a-night rooms and 30 custom red Rolls Royces to squire around guests, is sitting empty.

Hong Kong’s annual candlelight vigil to commemorate China’s 1989 Tiananmen Square crackdown attracted the smallest crowd in nine years as local student leaders shunned the gathering.

All thanks to the power of the internet.

The casinos’ operations are raising the risks of money laundering, according to a U.S. government report in March.

The company that paid for controversial fact-finding visits to Hong Kong and Macau by lawmakers from the U.S. territory of Saipan has connections to the operator of the island’s casino, according to evidence accepted by a Hong Kong court this month.