Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Xiaomi will be launching a new smartphone in India on March 14. Manu Kumar Jain, Xiaomi global vice president, made the announcement on Twitter on Wednesday, hinting at a phone that is “compact” and “powerhouse”. The phone featured in the promo photo…
Zhou Xiaochuan, the central bank’s governor, made these certain remarks relating to cryptocurrencies at this year’s National People’s Congress During his press conference, he admitted the fast growth of cryptocurrencies and spoke on how it could be better…
Aldi South, the German discount supermarket giant, is planning to open up to 50 branches in China, as reported on Thursday. Aldi South, one of the leading low-budget supermarket chains in Germany, has put together a team for its expansion in China, the…
Listed Australian company AuMake has launched the country’s first purpose-built retail hub for China’s growing army of “daigou” shoppers, using live streaming to reach millions of overseas consumers. The new 430sqm Daigou Hub retail concept is set in the…
Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said today, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth. After…
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to…
Resurrected fashion brand Mexx is considering entering the China and India markets over the next two years. Meanwhile, the once Turkish-headquartered label has rolled out a mini-collection including fashion for men, women and children, with a comprehensive…
E-business last year was particularly strong for apparel retailer Giordano International. Overall, consolidated sales reached HK$5.4 billion, up 5.2 per cent. Group comparable-store sales and comparable-store gross profit rose by 5.2 and 5 per cent…
Despite a challenging business environment, Circle K Hong Kong parent Convenience Retail Asia reports comparable-store sales growth last year driven by digital initiatives. Leading the way were O2O customer-relationship management (CRM) programs, with…
Chinese e-commerce giant JD.com has opened its second 7Fresh supermarket, at the China Resources Dreamport shopping centre in northern Beijing. This follows the launch late last year of the initial 4000sqm outlet near JD.com’s headquarters in Beijing. JD.com…
Tmall will this year work with top beauty brands such as Estee Lauder and Lancome to help them surpass RMB 1 billion (US$157.9 million) in annual sales on the platform. The increased focus on the beauty sector will also see Tmall deliver an updated suite of…
The Chinese firm which has a majority ownership in House of Fraser has confirmed plans to offload most of its stake. A Chinese stock-exchange filing indicates that Nanjing Xinjiekou Department Store (or Nanjing Cenbest) is poised to sell off most of its…
While Australian retailers fret about the impact of American online retail behemoth Amazon, China’s Alibaba looms as an equal threat, according to Russell Zimmerman, Executive Director at the Australian Retailers’ Association. Speaking to A’n’Z of Economics…
WeChat Pay and Alipay, China’s two biggest mobile payment platforms, have recently forged partnerships with tax refund companies to enable Chinese tourists to obtain rebates on their purchases via their respective mobile apps. Within this year, WeChat also…
French hypermarket retailer Carrefour is reaping the rewards of restructuring its Asian operations. The Carrefour Asia business has converted an operating loss of €58 million in 2016 to a return on investment of €4 million US$4.4 million) last year, according…
After raising $300 million last month, Indian online grocery startup BigBasket is entering the offline sector. The company is looking to transform its core online business to offline centres that will store daily moving consumer goods, groceries, fruits and…
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.