Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China’s GDP growth for 2017 may stay at 6.9 per cent, thanks to favourable internal and external conditions. China’s GDP growth for 2017 may stay at 6.9 per cent, thanks to favourable internal and external conditions despite the cool-off in the real estate…
Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings to jointly develop online games and potentially a social network aimed at Chinese children. Privately-owned Lego has seen a slowdown in sales growth in recent years, but the…
ZTE has launched a new 5G core product based on service based architecture (SBA) and fully compliant with the 3GPP Release 15 standard from September. The ZTE Cloud ServCore consists of 3GPP network function services and common network function services in…
Chinese tech giant Huawei faces a major setback in efforts to expand in the U.S. smartphone market following renewed national security concerns, documents showed. Huawei, which appeared to lose a deal with AT&T that would have given it an improved foothold in…
Taobao has been added to the USTR counterfeit blacklist for the second successive year for selling suspected fake items on its shopping platform. However, the Chinese e-commerce giant says the listing does not reflect its IP-protection efforts. Owned by…
Korean coffee chain Caffe Bene has collapsed, filing for a court-led restructuring scheme on Friday. Yonhap news service reports the court will soon decide whether to put the ailing coffee chain under its receivership or commence liquidation. The legal move…
Demand for physical gold remained lacklustre across top Asian centres this week as buyers were put off by a rally in prices, but an approaching Chinese New Year could reignite appeal for the yellow metal. Gold prices rose for a third session on Friday to hit…
Ahead of its annual online shopping extravaganza, popularly known as Singles Day, last November, Chinese tech titan Alibaba unveiled its Ling Shou Tong retail strategy. Ling Shou Tong’s idea is simple: To connect convenience stores, often mom-and-pop stores,…
Stronger store traffic drove overall sales for cosmetics retailer Sa Sa International for its third quarter to the end of December. This was in line with expectations, says the company. Total transactions increased by 5 per cent year on year to 5.1 million,…
Santander UK has partnered with Chinese retailer JD.com to give British brands access to China’s massive retail and consumer market. As part of the agreement, small and medium-sized business customers at Santander with turnover of at least £10 million and…
Honeywell has signed an agreement to acquire a 25 per cent ownership interest in FLUX Information Technology, a leading provider of warehouse management and related supply chain software in China. Honeywell will also form a new joint venture company with…
Natuzzi has signed a preliminary agreement to form a JV with China’s Kuka furniture company with the aim of expanding the Italian brand’s retail network in Greater China. “We have known Kuka for many years and have always admired its growth-oriented…
Planning to go public late this year, Chinese smartphone maker Xiaomi Corp is said to be seeking a valuation of up to US$200 billion. Based in Beijing, the electronics and software company prefers Hong Kong over New York for its listing mainly because Hong…
The BBC’s China Editor Carrie Gracie has quit her post in Beijing to fight for her right to pay equality with male peers, posting an attack on what she called the “secretive and illegal BBC pay culture”. Gracie’s revolt is part of the fallout from pay…
Search engines in the China market generated total revenues of CNY3.245 billion (USD492 million) in the first quarter of 2011, decreasing 15.62 percent on quarter but increasing 66.76 percent on year, according to China-based consulting company Analysys…
China Unicom has signed business cooperation framework agreements with Kuang-Chi Technologies and KuangChi Science, subsidiaries of Kuang-Chi Group. The agreement is an integral part of a series of cooperation framework agreements which Unicom signed with…
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