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Sourcing Shift hits China Export Market Share China’s global market share for consumer goods was down 4 percentage points in 2019 US-China trade relations have accelerated a shift in global sourcing, with the East Asian country having lost global export market share as a result, exacerbated by digitalisation and the Covid-19 pandemic. Between 2018 to 2019, China’s global market share for consumer goods and retail was down 4 percentage points to 42%, according to a study by law firm Baker…

Comparing revenues from the previous year, Architectural Record lines up annually a list of the Top 300 U.S. Firms. Based on the 2019 data, Gensler tops again the selection, for the ninth year in a row, and Perkins and Will takes the second position. Third, fourth and fifth places were presented for Engineering Architecture firms HDR, Jacobs, and AECOM. Other companies in the top 10 include HKS and Skidmore, Owings & Merrill. The ranking, based on 2019 figures, before the pandemic global crisis, puts together Architects, Architects Engineer, Architects…

Sands China, Las Vegas Sands’ Macau-based integrated resorts subsidiary, saw revenue plummet 81.0% year-on-year in the six months to 30 June, with visitor numbers plummeting due to travel restrictions to the Chinese special autonomous region. However, the operator said it remained committed to Macau, and predicted that the island’s tourism industry would eventually recover from the effects of novel coronavirus (Covid-19). Revenue for the half year fell to $848m (£646.2m/€716.6m), compared to $4.47bn in H1 2019. The business’ five properties…

SNC Lavalin Group member Atkins has won the 2020 Hong Kong Institution of Engineers Innovation Award for a world first cofferdam design approach on the Tuen Mun-Check Lap Kok Link project in Hong Kong. Due to the complex ground conditions, Atkins, who are supporting Dragages-Bouygues JV on the project, designed the world’s longest and largest caterpillar-shaped cofferdam in which TM-CLKL’s cut and cover tunnel is constructed. At 500 meters in length and 43 meters in depth, the 15 cell cofferdam…

VinaCapital has acquired a 30 percent stake in Thu Cuc International General Hospital in Hanoi for $26.7 million. An indirect subsidiary of the fund management company, Singapore-based Aldrin One Pte. Ltd., bought the stake, and the hospital’s charter capital rose 2.9 percent to VND355 billion ($15.3 million), according to the National Business Registration Portal. VinaCapital said in a statement its representative would sit on the board of Thu Cuc. Thu Cuc, established in 2011, employs over 1,400 staff including 230…

AVI-SPL has expanded its partnership with Vega Global, the leading AV and UC integrator in Asia. The companies will now engage in joint go-to-market strategies, further integrate their delivery operations focused on global customers to ensure that the management of technology lifecycle needs is not handed off to unfamiliar local partners, and will work together on managed services in which AVI-SPL’s Symphony package will play an important role. An announcement that the two companies had formalised an alliance was first…