Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China’s commercial conglomerate Suning Holdings Group is partnering with Hon Hai Technology Group in an “extensive retail co-operation” worth at least RMB50 billion (US$8 billion). Suning has also signed an RMB20 billion investment agreement with Evergrande…
US brand Blue Bottle Coffee is expected to open in South Korea soon, followed by other Asian countries including China, Hong Kong and Taiwan. “We’re developing our contact here,” CEO Bryan Meehan said while attending the World Coffee Leaders Forum at the…
China signed an agreement Thursday to buy 300 airplanes from U.S. aerospace giant Boeing valued over $37 billion, as part of a multi-billion dollar raft of deals announced during President Donald Trump’s visit to Beijing. The agreement for China Aviation…
China online spending is set to account for almost 50 per cent of the country’s total retail market this year. According to fresh data from Mintel, this year’s figure will be 45.7 per cent of “total per capita retail spend”. In many categories, already more…
For the past few years, Black Friday has become a focal point for many US and UK retailers – and for media outlets hungry for images of shoppers bursting into stores in pursuit of posh televisions. The event, supposedly named after the moment when retailers…
Three days out from China Singles’ Day, retail experts are predicting Alibaba’s annual e-commerce sales event will continue to set records. With the Chinese online giant expanding it to a 24-day shopping and entertainment bonanza, the global marketing hype is…
Led by double-digit growth in China and Hong Kong, Asia/Pacific sales increased sharply for Estee Lauder Companies for its first quarter to the end of September. It says the higher sales in China reflected strong gains for every brand except designer…
Worldpay, a global leader in payments, is predicting another record-breaking China Singles’ Day for businesses around the world, as the eCommerce extravaganza goes global. New data from Worldpay reveals that last year’s event grew by 39% globally1, with sales…
Jollibee Foods Corp (JFC) has closed its restaurant chain 12 Hotpot in Mainland China. The 16 Shanghai-area stores were shut down by its subsidiary, 12 Hotpot (Shanghai) Food and Beverage Management, a 48 per cent-owned JV with WJ Investments. It was formed…
China Mobile’s Pakistani subsidiary Zong has upgraded its backbone network with 100Gbps technology to accommodate demand from its growing customer base. The operator has expanded its backbone capacity by over 10 times compared to its previous 10Gbps backhaul…
In its sixth year, the online 11.11 Global Shopping Festival will introduce Alibaba Group’s New Retail concept which integrates online and offline shopping experiences. With the event bringing together consumers, retailers, logistics companies, financial…
Toyota Motor, Japan’s biggest automaker by volume, has fallen to the No. 3 spot among Japanese automakers in China, due to lack of presence in a key segment – a situation experts say will likely prevail well past the middle of 2018. Through October, Honda and…
Widespread public backlash. A raft of looming investigations. What’s next for the once-posh Vietnamese garment brand? Garment firm Khaisilk is poised to face a series of investigations after a made-in-China scandal triggered widespread calls for a boycott of…
American heritage handbag and fine leather-goods brand Dooney & Bourke has launched into China via Tmall Global. With more than 1000 retail stores throughout the US and 60-plus boutiques internationally, its foray online in China could be a hint at a physical…
With the Middle East in its sights, China’s JD.com is keen to team up with the Saudi government. “We want to have a partnership with the Saudi government,” says the e-commerce company’s international business president Winston Cheng. He describes Vision 2030,…
As Hard Rock International (HRI) ramps up expansion in Asia, it has a new CEO for the region, Edward Tracy, formerly CEO of Sands China. Owned by the Seminole tribe of Florida, HRI has international hotel/casino locations including Bali, and has just opened…
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