Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Bolloré Logistics China was successfully awarded by the International Air Transport Association (IATA) as Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) at its platform located in the Pudong International Airport…
E-commerce has helped boost the first-quarter bottom line for Hong Kong-based clothing retailer Giordano International, particularly in China. Unaudited figures for the three months to the end of March show Giordano’s overall e-business generated HK$81…
SMS is not dead – not yet anyway. Ovum’s Mobile Messaging Traffic and Revenue Forecast: 2017-22 forecasts global revenues from application-to-person (A2P) SMS will finally exceed revenues from person-to-person (P2P) SMS by 2022, totalling $43 billion, even…
International architectural firm Benoy’s latest project in China has been unveiled in Tianjin – the Luneng CC Plaza Shopping Mall. Benoy was responsible for the interior design for the 120,000sqm retail offering, which is part of the 550,000sqm Luneng CC…
China holds a narrow lead in overall 5G readiness ahead of South Korea and the United States, according to Analysys Mason. In a separate report, Recon Analytics said US 4G leadership drove significant economic benefits suggesting the need for the US to…
Luxottica announced a decrease in first-quarter sales for fiscal 2018, hurt by a slump in European revenues due to bad weather, and distribution restructuring in China. The maker and distributor of luxury eyewear said first-quarter revenue plummeted 10.7…
Alibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European…
Chinese state-backed tower company China Tower has filed an application for an IPO on the Hong Kong Stock Exchange (HKSE) that could raise as much as $10 billion. The company, which was created to hold the tower assets of China’s big three state-backed…
China has more than 500 million online shoppers whose spending is set to exceed US$1 trillion this year. Of this, cross-border e-commerce purchases are about to reach $125 billion, according to new research by consultancy Frost & Sullivan. In partnership with…
Starbucks China plans to open a new store every 15 hours for the next five years, doubling its store count to 6000. During its first-ever China Investor Conference in Shanghai on Tuesday, the US-headquartered coffee company said it plans to more than triple…
Chinese e-commerce giant JD has invested US$306 million in its supply chain partner ESR, creating an alliance the two companies say will enables best-in-class logistics services for customers and businesses in China and beyond. ESR, a pan-Asian logistics real…
Amorepacific has partnered with Marie Claire magazine to open its first global beauty pop-up, in New York City. Open for 10 more days, the shop features products from such Amorepacific brands as Amorepacific, Annick Goutal, Iope, Laneige, Mamonde and…
Chinese regulators have reportedly restarted their review into chipmaker Qualcomm’s planned $44 billion acquisition of NXP Semiconductor, after suspending the review due to the growing trade tensions between China and the US. Officials at China’s Ministry of…
While the overall dairy market in China is growing stably, the various categories are experiencing differing performance. New research from Mintel reveals that yoghurt and cheese are the market’s winning categories in recent years with yoghurt maintaining an…
A sharp drop in Chinese tourist numbers has seen South Korean cosmetics maker Amorepacific’s profit slide 20.9 per cent in the first quarter. Net income came to KRW176.7 billion (US$163 million) in the January-March period, down from KRW223.5 billion won.…
Shanghai Stock Exchange has distributed “Stock Share Option Industry Report” to its securities members. Report noted, in January 2018, Shanghai Exchange 50 ETF, daily deal has reached 1.29 million, with an increase of 13.74%, the highest trading day since the…
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