Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Korean chicken franchise Goobne has opened a seventh outlet in Hong Kong, in a residential area in Tseung Kwan O. It is part of the brand’s strategy to focus on profitable markets as its business in Mainland China has been hit by the Beijing/Seoul dispute…
Ford Motor saw its China vehicle sales make the barest of increases in September, extending a tough run in the world’s largest auto market even as global rivals have logged robust gains. The U.S. automaker has lacked a high-volume brand of affordable entry…
Alibaba Group has established a global research academy which aims to increase collaboration on cutting-edge technology development. Through the academy the company expects to invest more than $15 billion in R&D over the next three years. The new Alibaba DAMO…
British high-street chain Costa Coffee has taken full ownership of its south China business after buying out partner Yueda. Costa previously held 51 per cent of their JV, buying the balance of shares for RMB310 million (US$47 million), giving it total control…
In a Paris Fashion Week first, a traditional Chinese medicine (TCM) brand, GuangYuYuan Chinese Herbal Medicine, has sponsored a runway show. With a history of nearly 500 years, it is the oldest TCM brand in China. GuangYuYuan board chairman Guo Jiaxue says…
Home Times, a furniture store supported by Alibaba Group technology, has opened for business in the Chinese city of Hangzhou. Attracting between 1,500 and 3,000 daily visitors since opening, the furniture store is another example of Alibaba’s New Retail…
“The Chinese consumer in my opinion is the most well-informed, sophisticated, demanding consumer in the world,” declared Terry von Bibra, general manager for Alibaba during his keynote at Shoptalk Europe this week. “They have a disposable income and they want…
Now in its third year, the forum is the country’s biggest e-payment event. World famous billionaire and Alibaba chairman Jack Ma is expected to visit Hanoi next month to attend a forum on e-payment services. Now in its third year, the annual Vietnam E-Payment…
AirAsia X considers North Asia, namely, China, Japan, and South Korea, as its new market for growth, said AirAsia. Due to the scarcity of resources, the long haul budget airline will also be rationalising its routes by reallocating some of the current…
British luxury goods brand Alfred Dunhill has opened a store in Beijing, at the SKP Shopping Center. Offering the brand’s complete range of products for men, the store features the new Dunhill retail design concept. Based in London, the brand specialises in…
Responses to Apple and Samsung Electronics’ latest flagship releases in the Chinese market have been lukewarm to downright disappointing. Domestically, Samsung Electronics’ Galaxy Note 8 has performed like a rock star, alleviating company insiders’ concerns…
European supermarket chain Lidl Stiftung has opened a flagship store on JD Worldwide, introducing the Lidl brand to China through cross-border e-commerce. The German group’s flagship store sells snacks, healthcare products, personal and beauty care products,…
To accelerate its roll-out of new high-tech retail, Alibaba Group is establishing a JV company with supermarket chain New Hua Du Supercenter. It will be a co-operative platform to pool their resources and respective advantages in the supply chain. The…
China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. Car makers…
Calvin Klein China has opened a multibrand lifestyle store in Raffles City Shanghai. A wholly owned subsidiary of PVH, Calvin Klein has simultaneously opened a similar store in Düsseldorf, Germany. Shanghai’s two-storey store offers men’s and women’s CK…
Footwear giant Nike Inc lost traction in its first quarter to the end of August, its gross margin declining 180 basis points to 43.7 per cent. It attributes this mainly to unfavourable currency exchange rates and, to a lesser extent, more discount sales.…
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