Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
U.S. electric-vehicle maker Tesla will set up an R&D center here as part of a Chinese expansion push that may also include local production. The automaker established in Beijing a company for research and development of “new energy” vehicles, a government…
Volkswagen may expand cooperation with China’s Anhui Jianghuai Automobile (JAC) beyond electric cars to jointly develop and build commercial vehicles in the world’s largest autos market. The German group and JAC announced in June they were to set up a joint…
Oakley China has its first dedicated store, in Xinjiekou’s Deji Plaza, Nanjing. The Nanjing store follows the opening in Shanghai of a one-of-a-kind store for the group, being half Oakley and half Ray-Ban. “This Nanjing store is the first Oakley-only store in…
French carmaker PSA Group is increasing shipments of Chinese-made gasoline engines to Europe as it adapts to a consumer shift away from diesel, Les Echos reported on Monday. The maker of Peugeot and Citroen cars now expects to source 100,000 gasoline engines…
Both online and offline business showed strong growth for electrical appliance retailer Gome Retail Holdings during the nine months to the end of September. Total gross merchandise volume (GMV) of the group for both online and offline grew by 20.04 per cent,…
Swiss watch exports jumped 9.3 percent in October 2017, on strong sales in Hong Kong and China, despite a lag in U.S. imports, according to the Federation of Swiss Watches. For the month-period, sales of Swiss watches totalled 1.85 billion Swiss francs, or…
The Hang Seng Index topped 30,000 for the first time in a decade on Nov. 22 amid a market sea change that is bringing mainland Chinese companies to the fore and leaving many big local names behind. The Hong Kong benchmark ended the day at 30,003.49, up 0.62%.…
Victoria’s Secret, the global lingerie name known as much for its “Angel” supermodels and its “Bombshell” branded products, has brought its iconic fashion show to Shanghai, with Alibaba Group’s Tmall and Taobao marketplaces and video-streaming site Youku used…
In a golden first half, jewellery group Luk Fook Holdings (International) saw revenues and profits rise as it continued to expand its retail outlets. As well as a return to growth for same-store sales and a doubling of e-commerce sales, its interim results…
Japan on Thursday released preliminary October data for industrial production, setting the pace for a busy day in Asia-Pacific economic activity. Industrial output is expected to rise 1.8% on month and 7.2% on year after falling 1.0% on month and gaining 2.6%…
LVMH-backed private-equity firm L Catterton Asia has launched a JV between two of its portfolio companies, Chinese menswear fashion group GXG, and Australian compression activewear company 2XU. The strategic partnership will enable both companies to…
Hong Kong fashion and watch retailer Dickson Concepts has opened three new stores in Taiwan this year as it continues its regional expansion. Dickson Concepts operates retail stores under brands including Tommy Hilfiger, JT Dupont, Bertolucci, Roger Vivier,…
Cross-border real estate investment in the Asia Pacific region could achieve a record high this year as foreign investors shore up interest and seek assets in greener pastures beyond borders. As it stands, year-to-date intra-regional cross-border transaction…
Bigger is not always better – or so retailers are discovering following the conclusion of the biggest shopping extravaganzas. While Singles’ Day hit a record US$25.3 billion dollars in sales, it was Black Friday and Cyber Monday that dominated social media…
Warburg Pincus, one of the largest investors in China’s commercial and industrial real estate, has found its next pot of gold amid the country’s property market, as residential assets succumb to a year-long government campaign to cool prices. The New…
CapitaLand and CapitaLand Retail China Trust (CRCT) have formed a joint venture to acquire all the shares in a company that owns an operational shopping mall, currently known as Rock Square, located in Haizhu District in Guangzhou. CRCT is the majority…
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.