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A 2026 industry report from the China Hotel Association and other industry bodies says China’s online catering market is shifting to a pattern of tier‑1 quality upgrades and lower‑tier volume expansion. Growth in first‑tier cities has stabilized, mov

2026-11-02

A 2026 industry report from the China Hotel Association and other industry bodies says China’s online catering market is shifting to a pattern of tier‑1 quality upgrades and lower‑tier volume expansion. Growth in first‑tier cities has stabilized, moving from scale‑driven to quality‑driven; second‑tier cities show steady growth with both scale expansion and efficiency gains. Third‑ and fourth‑tier cities and county markets are driving rapid volume growth: Taobao Flash Sale orders in tier‑4/5 and below rose more than twice as fast as in tier‑1 over the past year, and county markets saw over 250,000 new small shops join the platform.

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2026-11-02

Bulgarian presidential candidate Andrei Dyurov conceded defeat in the second round of the election.

Bulgarian presidential candidate Andrei Dyurov conceded defeat in the second round of the election.
2026-11-02

Industrial and Commercial Bank of China (ICBC) warned that multiple complex factors have recently increased price volatility in the precious metals market. To protect assets, ICBC urged investors to monitor market dynamics closely, avoid blindly chas

Industrial and Commercial Bank of China (ICBC) warned that multiple complex factors have recently increased price volatility in the precious metals market. To protect assets, ICBC urged investors to monitor market dynamics closely, avoid blindly chasing rallies or selling into declines, and maintain diversified, long-term allocations to smooth short-term volatility.
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