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Chinese celebrities have ended their contracts with fashion houses Coach and Givenchy on Monday for selling clothes that mislabeled Hong Kong and Taiwan as separate countries. Both brands featured a design - a list of cities and countries - that listed Beijing and Shanghai as part of China, but not Hong Kong or Taiwan. On Sunday, Italian fashion brand Givenchy apologized on Chinese and foreign social media after images of its misprinted T-shirt began circulating on Sina Weibo micro blogs. Chinese model Liu Wen said on her official Sina Weibo account that she had terminated her contract with Coach and strongly condemned the fashion house for hurting the feelings of the Chinese people. Liu just became Coach’s brand ambassador on July 26. “I want to apologize for the harm caused to everybody due to my indiscreet selection of brand to represent,” she said. “I love my country, and will adamantly safeguard China’s sovereignty. National sovereignty and territorial integrity are sacred and cannot be violated under any circumstances.”On Monday noon, the studio of Chinese singer-actor Jackson Yee, known as Yiyang Qianxi, said in an online statement on Sina Weibo that the star had terminated his cooperation with Givenchy Beauty, the fashion brand’s perfumes and makeup line. “We are extremely angry at Givenchy for designing clothing that suspected of damaging China’s national sovereignty and territorial integrity,” the statement reads. “We have stopped all cooperation with Givenchy. Mr. Yee and his studio resolutely upholds the one-China principle, and adamantly safeguard national sovereignty and territorial integrity.” By Monday afternoon, Coach and Givenchy apologized on Sina Weibo, saying they were sorry for the misprints and negligence. The two brands also reiterated their respect for Chinese sovereignty and territorial integrity. Coach said it will remove the offending clothes from all its retail channels around the world, improve internal product supervision and correct mistakes on their websites. Givenchy also promised to correct its mistakes, but did not disclose any details.
Chinese authorities will likely halt issuing new permit to electric car makers, while looking to set a higher standard for entrants, media outlet The Paper reported on Thursday citing sources close to the matter.
Chinese internet giants and unicorns (young unlisted companies with a market value of over billion) have also become more influential globally. The report said China grabbed five spots at the ranking of world's top 10 internet listed companies in market value as of June 30. Alibaba and Tencent closely followed Google, Amazon and Facebook.
Chinese investment group Tus-Holdings and the Russia-China Investment Fund (RCIF) announced a number of major technology and innovation joint investment projects on Tuesday, with one of these worth more than 90 billion roubles (.28 billion).
Chinese online group discounter Pinduoduo proposed raising up to .87 billion in an updated prospectus through listing on the Nasdaq Global Select Market under the symbol "PDD", with 85.6 million American depositary shares on offer at a price range between and per share.
来源：资阳报