Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Alibaba’s Alipay payments outside Mainland China has skyrocketed during the country’s holiday season. According to Ant Financial, during July and August of this year, Alipay processed 2.6 times the number of in-store overseas transactions as it did during the…
Kering is reinforcing its corporate team in Greater China in order to adapt to the fast-changing business environment in this market, which has been continuously growing in importance for the luxury industry since Gucci opened its first store in China in…
Korean clothing brands Anais and Greygrei are set to enter the Chinese market under Korean young-casual clothing firm Maison de Anais. The label, which successfully launched in northern Europe earlier this year, will target the late 20’s to late 30’s…
Indonesia will partner with Alibaba chief executive Jack Ma to look into ways to use of the e-commerce giant’s ecosystem to increase its exports, particularly to China, Communications Minister Rudiantara said on Sunday. “We are also discussing how to work…
Pandora in China is about to be united under one business. The Danish contemporary jewellery manufacturer is moving to increase control of its brand by acquiring its Taiwanese store network from controlling distributor Carrera Corporation as of January 2019.…
An expanding Asian store network has helped New York jeweller Tiffany & Co achieve strong sales increases in the first half of this year. Tiffany sales in Asia-Pacific soared 28 per cent in the second quarter, to US$301 million and by the same rate in the…
Japanese snack store Okashi Land is planning to open a self-service outlet in Mong Kok. The unmanned store, which opens on September 5 in Gala Place, has been undertaken in partnership with Guangzhou unmanned convenience-store startup EasyGo. It will stock…
Indian e-commerce aggregator BuyMore has partnered with retail consulting firm Hong Kong Circle Tech to assist Chinese retailers seeking to sell their products in India. The deal will see Circle Tech’s Chinese retail clients listed on BuyMore’s 10 e-commerce…
Gome Retail Holdings has posted a loss attributable to shareholders of RMB457 million for the first half of this year as it continued with implementation of its Home – Living strategic restructure. The loss was a contrast to the profit of RMB122 million in…
Emperor Watch & Jewellery cites “strong momentum in luxury consumption” as the reason for a massive profit boost in the first half of this year. Total sales surged 34.3 per cent to HK$2.454 billion (US$312.6 million), as inbound tourism arrivals from the…
Corporate restaurateur Tao Heung is reporting improved sales in both its core Hong Kong market and on the mainland as people dine out more often and the average tab increases. Tao Heung operates 60 restaurants under its own brand, two RingerHut eateries…
L Brands, parent of Victoria’s Secret, Pink, La Senza and Bath & Body Works, has reported a drop in sales and earnings for the second quarter. Teen-focused diffusion-brand Pink, now a US$3 billion business which achieved $12 billion in sales last year, is…
Only two weeks after the official announcement of Anders Colding Friis’ resignation as Pandora’s CEO, the Danish jeweller seems to be on a roll to bring some changes to the company . The company tapped former Nike employee Geena Tok to head its business in…
Alibaba Group revenue soared 61 per cent in the second quarter as the behemoth achieved a record 576 million active annual consumers in its marketplace – 24 million more than three months earlier. Total revenue was RMB80.92 billion (US$12.229 billion), with…
Alibaba Group has signed a deal with Zhoushan Free Trade Zone, in China’s eastern Zhejiang province, that speeds up the cosmetics certification in China for Tmall brands who want to import non special-use cosmetics. This agreement, signed between the…
The United States and China escalated their acrimonious trade war today, implementing punitive 25% tariffs on US$16 billion (RM65.6 billion) worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.