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Pop Mart (09992.HK) shares fell more than 12% in the afternoon after its financial report showed that revenue for 2025 was RMB37.12 billion, up 184.7% year-on-year, and profit attributable to owners was RMB12.775 billion, up 308.8% year-on-year.March 25th - The world economy is injecting valuable confidence and vitality. Chinas economy boasts a stable foundation, numerous advantages, strong resilience, and great potential. The supporting conditions and basic trends for its long-term positive outlook remain unchanged. Chinas healthy and stable development will inject more certainty and new momentum into the world, sharing development opportunities and achieving common development with all countries. Zheng Shanjie stated that China will continue to expand high-level opening-up, continuously improve the business environment, fully guarantee national treatment for foreign-invested enterprises, create a policy environment with transparent rules and equal opportunities for foreign-invested enterprises, and share development dividends with all countries. The National Development and Reform Commission welcomes Samsung to seize the opportunities presented by Chinas continued expansion of opening-up, strengthen its confidence and determination to develop in China, further expand its investment and cooperation in China, actively maintain the stability of the global semiconductor supply chain, and achieve mutual benefit and win-win results. Lee Jae-yong expressed his gratitude to the National Development and Reform Commission for its support of Samsungs production and operations in China. He stated that China is an important part of Samsungs global strategy, and Samsung is optimistic about the new opportunities brought by Chinas high-quality development and looks forward to further deepening cooperation.March 25th - Xiaocaiyuan (00999.HK) released its annual results for the year ended December 31, 2025. The Groups revenue was RMB 5.345 billion, an increase of 2.6% year-on-year; profit attributable to shareholders was RMB 715 million, an increase of 23.16% year-on-year; earnings per share were RMB 0.61, and the final dividend was RMB 0.21.On March 25th, Pop Mart (09992.HK) Group released its 2025 financial report. During the reporting period, the Group operated 630 stores in 20 countries worldwide, a net increase of 109 stores throughout the year, and operated 2,637 robot stores, a net increase of 165 units throughout the year. The Group opened its first offline stores in Germany, Denmark, Canada, and the Philippines, further expanding its international market presence. In the Chinese market, the number of offline stores increased by 14, from 431 in 2024 to 445 in 2025. In the Asia-Pacific market, the number of offline stores increased by 31, from 54 in 2024 to 85 in 2025.On March 25th, Pop Mart (09992.HK) Group released its 2025 financial report. The LABUBU familys revenue reached 14.16 billion yuan, with the Chinese market achieving 20.85 billion yuan in revenue, a year-on-year increase of 134.6%; the Asia-Pacific market achieving 8.01 billion yuan in revenue, a year-on-year increase of 157.6%; the Americas achieving 6.81 billion yuan in revenue, a year-on-year increase of 748.4%; and Europe and other regions achieving 1.45 billion yuan in revenue, a year-on-year increase of 506.3%. All four major global regions achieved triple-digit growth.

A Labor Board Official Concludes That Amazon's Forced Union Meetings Are Illegal

Charlie Brooks

May 07, 2022 10:11

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A U.S. labor board member believes Amazon.com Inc. (NASDAQ:AMZN) violated federal law by holding required staff meetings in New York City to discourage unionization, according to a board representative on Friday. This might set a new legal precedent.


According to a revised lawsuit and an audio clip released with Reuters by the Amazon Labor Union, the retailer allegedly coerced employees at an Amazon facility on Staten Island to attend so-called captive audience trainings and threatened to fire employees who joined the ALU.


Kayla Blado, a representative for the National Labor Relations Board, stated that the regional director of the Brooklyn-based office of the NLRB has found merit in the claims, a potential first for captive-audience techniques. If the parties are unable to reach a settlement, the Brooklyn division will file a complaint against Amazon that might be adjudicated at the federal level by the NLRB.


Staten Island is a part of the Brooklyn region for the NLRB.


According to a recording obtained by the ALU, an Amazon manager warned employees in March that if they voted to organize, unions might negotiate for a contract condition that "would oblige Amazon to terminate you if you don't want to join the union and pay union dues."


Amazon spokesman Kelly Nantel stated in a statement, "These allegations are unfounded, and we look forward to demonstrating that throughout the process." Amazon stated that mandatory meetings have been lawful for over seventy years and are regularly held by businesses.


The precedent of the NLRB that meetings are lawful dates back to the 1940s.


Within weeks of the March event, the New York warehouse voted to join the ALU, becoming the first Amazon operation in the United States to unionize. Amazon contests the outcome.


Amazon's meetings have been a flashpoint for labor organizers who, for years, attempted to represent workers at the second-largest private employer in the United States but lacked a place to challenge the company's perspective.


The ALU's pro bono attorney, Seth Goldstein, stated, "We hope that Amazon will halt its baseless challenges to our resounding election victory and instead focus on correcting its unconstitutional union-busting actions."


Jennifer Abruzzo, the NLRB's senior attorney, requested the board last month to prohibit firms from requiring employees to attend anti-union meetings, arguing that such events violate employees' freedom of choice. Abruzzo stated that she will petition the board to reverse the ruling that the meetings are permissible in a future instance.


Last year, President Joe Biden, regarded as the most pro-union U.S. president in decades, nominated Abruzzo as general counsel, a post independent of the NLRB's five members.