Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
The fashion unit of Alibaba Group-owned B2C marketplace Tmall and Eurovet, the world’s leading organiser of trade shows for lingerie, swimwear and active brands, are teaming up to help industry players sell into China. Tmall and Eurovet signed a memorandum of…
Chinese hot pot chain Hai Di Lao will open its first UK restaurant at the Trocadero in Piccadilly Circus, London. In a deal facilitated by real estate firm Savills, the brand has signed a 15-year lease of an almost 10,000sqft site. It is the chain’s first…
Xiaomi, the first company to raise capital under Hong Kong’s overhauled listing rules for pre-revenue start-ups or companies with multiple classes of stock, sputtered during its trading debut on the city’s exchange when investors spooked by the US-China trade…
The property investment arm of German financial services giant Allianz expects China to soon account for up to half of its Asia-Pacific fund allocation, up from the current 40 per cent, with a focus on the new economy and logistics sectors. Rushabh Desai, its…
Tesla buyers in China will be among the first consumers to feel the pinch from the U.S.-China trade dispute. Price listings on Tesla’s Chinese website increased by nearly 20% this weekend. It came after the U.S. and China on Friday imposed tit-for-tat tariffs…
Boot retailer RM Williams will open stores in China later this year, according to a report by the Australian Financial Review. The decision to expand into the fast growing consumer market was made by brand-owner L Catterton Asia, with chairman Ravi Thakran…
A US court on Friday imposed the maximum fine of US$1.5 million (RM6.06 million) of Chinese firm Sinovel for stealing trade secrets from an American company producing wind turbines, the Justice Department said. The decision comes on the day Washington…
Australian shoe brand Volley will open 50 stores in China following a surge in online demand. The 79-year-old brand became unexpectedly popular after Mandopop diva Faye Wong was photographed wearing then at Hong Kong International Airport. Subsequent orders…
Luxury retail platform Secoo has announced a partnership with Italian porcelain manufacturer Richard Ginori exclusively for the Chinese market. The heritage brand, founded almost 300 years ago, is one of the region’s most prestigious manufacturers of fine…
Walgreens Boots Alliance has finally achieved regulatory approvals for its Chinese pharmacy acquisition – more than six months after announcing the deal. The US-headquartered drugstore giant has bought a 40 per cent stake in Sinopharm Holding GuoDa Drugstores…
LMVH maison Louis Vuitton is lowering its retail prices in China. In a statement issued by the maison to the newspaper Jing Daily, the brand announced that it had decided to “lower prices on a wide range of products to support the government’s efforts to…
Walgreens, the biggest U.S. drugstore chain, said it will buy the minority stake from China National Accord Medicines Corp. for about $416 million. The Deerfield-based company said it will expand its global retail pharmacy operations by taking a 40 percent…
Ford Motor Co said on Thursday that for now, it will not hike prices of imported Ford and higher-margin luxury Lincoln models in China, thus absorbing the additional cost of tariffs on U.S.-made vehicles due to be applied starting on Friday. The U.S.…
JD.com, the second largest e-commerce player in China, could be returning to Russia soon according to a recent Kommersant report. JD previously entered the Russian market in 2015, but retreated a year later after struggling with cross-border logistics issues,…
Xiaomi’s highly-anticipated initial public offering in Hong Kong drew nearly ten times more applications for share purchases than what it made available for retail investors, after the Chinese tech giant priced at the bottom end of its target range. The…
Tod’s debuts a product on WeChat’s mini programme, called ‘Baoshop’. It is a limited-edition handbag co-designed by Chinese fashion blogger Tao Liang, better known as Mr. Bags. The dog-like handbag was available first from the ‘Baoshop’ within the WeChat…
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