Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Just a month after US fast-food chain Shake Shack announced it would open in Hong Kong, the company has confirmed its first Mainland China store, in Shanghai. Both the Shake Shack Shanghai and Hong Kong stores are scheduled to open next year and will be…
Momentum in China helped boost fourth-quarter performance for beauty products giant Estée Lauder. Overall net sales for the three months to the end of June were up 9 per cent year on year (11 per cent in constant currency) to US$2.89 billion for the group,…
The pace of growth of Chinese online juggernaut Alibaba Group shows no sign of slowing, with both online marketplace customer numbers and mobile shoppers growing markedly between March and June. Alibaba’s quarterly results released today show the company had…
China’s demand for wine has surged as a result of the continuing expansion of the middle class across the mainland, the newsletter of the Hong Kong Trade Development Council. This has led to the number of e-commerce sites and apps specialising in wine sales…
Marriott has inked a joint venture with Alibaba Group aiming to “redefine the travel experience for the hundreds of millions of Chinese consumers” who travel each year. Marriott, which has a bevy of brand and deep hospitality experience, is facing intense…
Marrying social media with mobile gaming has helped Chinese internet giant Tencent Holdings post its fastest revenue growth in seven years for a record profit. It tapped the spending power of about 200 million players, including a solid female representation,…
Chinese state-owned operator China Unicom will raise around 78 billion yuan ($11.65 billion) through investments from private companies including Baidu, Alibaba and Tencent. The operator announced it has secured approval from the National Development and…
Dufry today announced an ambitious expansion of its cruise line retail activities with the creation of Dufry Cruise Services and a related Center of Excellence, based in Miami, USA. The world’s largest travel retailer underlined its ambitions for the channel…
China’s Geely Automobile Holdings Ltd said on Wednesday that first-half profit more than doubled, scoring its fastest earnings growth in eight years as cars designed with its Swedish unit Volvo won over domestic consumers. Although known at one point more for…
McDonald’s China has formed a partnership with property developer Evergrande Group with the aim of speeding up expansion throughout the mainland. This has been announced just a fortnight after the US fast-food giant sold a controlling stake in its Chinese and…
UPS announced the appointment of Harld Peters as the new president of UPS China. A UPS veteran with 18 years of logistics experience, Peters will be responsible for leading strategic initiatives across UPS’s package delivery and supply chain operations in…
China Unicom has announced it expects to report a 68.9% increase in profit for the first six months of the year, partly as a result of improved cost efficiencies. The company estimates it earned a profit of 2.4 billion yuan ($359.9 million) for the six month…
The company, which rose quickly to become China’s largest retailer, online or offline, through its e-commerce business, is looking to leverage the advantages of an offline experience to further expand its lead. It is rolling out offline “JD Retail Experience…
Brazil’s well-known flip flops brand Ipanema opened a new store in Jiuguang Department Store, Suzhou, which is reportedly Ipanema’s seventh store in the city. Established in 2001, Ipanema provides four major series of products, including women’s products,…
Deliveries and a digitalised, personalised dining experience are part of the “Vision 2022” strategy to be rolled out by the new owners of McDonald’s China and Hong Kong. McDonald’s Corporation yesterday confirmed its strategic partnership with Citic, Citic…
Chinese herbal products retailer Hung Fook Tong Group Holdings has issued a positive profit alert, saying it expects to more than double the profit attributable to the owners of the company. Based on a review of its unaudited management accounts for the six…
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