Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Chinese tourists are taking their cashless lifestyle overseas, preferring mobile payments for shopping, says a new Nielsen/Alipay survey. Their joint Outbound Chinese Tourism and Consumption Trends: 2017 Survey provides analysis and insights into consumption…
Chinese smart retailer Suning.com has turned in its best performance since embarking on its O2O business model in 2009. Its omni-channel sales of RMB243.2 billion (about US$38.4 billion) last year rose nearly 30 per cent year-on-year, while the net profit…
JD.com, one of China’s largest e-commerce companies, has launched a new accelerator program called AI Catapult that focuses on blockchain and artificial intelligence startups. Based in Beijing, AI Catapult will start with an inaugural roster of companies that…
Trading conditions have continued to be challenging for clothing company Esprit Holdings. With the industry changing rapidly, the company says it has had fewer customers in its brick-and-mortar retail stores as well as increased competition in the e-commerce…
JD.com has signed a deal with Japanese convenience-store chain FamilyMart. This will enable users to order goods through JD.com’s 24-hour O2O service Jing Dong Dao Jia (“Door-to-Door JD”) and have them delivered from FamilyMart’s 212 core locations in…
Electrical appliance retailer Gome Retail has issued a profit warning despite a strong year, the result of impairments and financial costs. During the 12 months to the end of December the group launched its “Home Living” strategy, a blueprint aimed at helping…
Alibaba Group Holding Ltd. plans to buy out Baidu Inc. and other investors in Chinese startup Ele.me to shore up its delivery network, a person familiar with the matter said, placing its biggest bet yet in online food and local services. An acquisition would…
Polestar, the new electric performance brand, has appointed August Wu as its new President of Polestar China, reporting to Polestar CEO, Thomas Ingenlath. August joins Polestar on 1 March 2018 from Volvo Cars in Shanghai where he held the position of Head of…
Clothing retailer Moncler international had double-digit growth in all key financial indicators last year, with soaring Asian sales playing their part. Its revenues for the year reached €1.1 billion (US$1.3 billion), an increase of 17 per cent at constant…
Unlike most foreign automakers in China, Tesla has yet to establish local production and still solely relies on exporting its vehicles from California to the largest auto market in the world. Nonetheless, Tesla managed to double its sales in China last year…
The Nokia 7 Plus has been announced in China, and HMD actually decided to announce both 4GB and 6GB RAM variants in China, while only a 4GB RAM variant got announced in Europe. HMD had introduced the Nokia 7 Plus a couple of days ago at the Mobile World…
The Beijing Municipal Bureau of Statistics and the Survey Office of the National Bureau of Statistics in Beijing released the “2017 Statistical Communique on the Economy and Social Development of Beijing” on Feb. 27. According to the report, Beijing last year…
Alibaba Cloud on Tuesday launched eight of its products in Europe, covering areas from big data and artificial intelligence to infrastructure and security, as it targets new business in an important market for cloud services. Announced during the Mobile World…
Chinese carmaker Geely has built up an almost 10% stake in Daimler in a US$9 billion (RM35 billion) bet by its chairman that he can access the Mercedes-Benz owner’s technology in the growing battle for the future of automotives. The purchase by Li Shufu,…
South Korean fashion brand Twee has opened a flagship store at 313@Somerset on Orchard Road. The 4030sqft (374sqm) Twee Singapore store offers an exclusive collection of party dresses as well as Superface beauty products. The store promises to bring in more…
After negotiations with Chinese conglomerate Fosun International faltered, Italian luxury lingerie label La Perla has a new owner, Amsterdam-based investment company Sapinda Holding. Two months ago, La Perla announced it had entered into exclusive…
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