Why Western brands keep failing in China — and how winners adapt

Why Western brands keep failing in China — and how winners adapt

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email China’s $7 trillion consumer market was once a reliable growth engine for Western brands, but as competition intensifies and trends move at digital speed, success if no longer a given. Still, they haven’t given up. Global companies are now turning to private…

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TSMC fourth-quarter profit beats estimates, soaring 35%, as AI chip demand stays strong

TSMC fourth-quarter profit beats estimates, soaring 35%, as AI chip demand stays strong

TSMC offices in San Jose, California, on April 18, 2024. Bloomberg | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 35% increase in fourth-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips remained strong. Here are the company’s results versus LSEG SmartEstimates, which are weighted…

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Pepsi shares jump 4% as activist Elliott takes  billion stake, sees ‘historic’ value opportunity

Pepsi shares jump 4% as activist Elliott takes $4 billion stake, sees ‘historic’ value opportunity

Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo shares popped Tuesday after Elliott Investment Management took a significant stake as the activist investor sees a “rare” and “historic” opportunity for a turnaround in the iconic soft drink giant. Shares of PepsiCo climbed about 4%…

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Wisconsin Sticks By Luke Fickell, Will Keep Him as Head Coach for 2026 Season

Wisconsin Sticks By Luke Fickell, Will Keep Him as Head Coach for 2026 Season

Wisconsin will not be joining the already crowded coaching carousel this offseason.  Luke Fickell will remain Wisconsin’s football head coach for the 2026 season, athletic director Chris McIntosh told ESPN on Thursday.  “Chancellor [Jennifer] Mnookin and I are aligned on significantly elevating investment in our program to compete at the highest level,” McIntosh said in…

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Microsoft scales back Chinese access to cyber early warning system

Microsoft scales back Chinese access to cyber early warning system

A branch of the technology company Microsoft can be seen in Manhattan. Sven Hoppe | Picture Alliance | Getty Images Microsoft said on Wednesday it has scaled back some Chinese companies’ access to its early warning system for cybersecurity vulnerabilities following speculation that Beijing was involved in a hacking campaign against the company’s widely used SharePoint…

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