Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Chinese e-commerce giant Alibaba said Wednesday it would inject another $1 billion into Southeast Asia’s Lazada, as the cashed-up company increases its stake in the region’s nascent online shopping market. The investment will raise Alibaba’s holding in Lazada…
Kerry Logistics Network announced the launch of its weekly scheduled Less Than Container Load (LCL) rail freight service between Duisburg, Germany and Shanghai via the Yiwu terminal in the Yangtze River Delta, China, using its own consolidation containers.…
China Telecom has agreed to extend its partnership with AT&T to cover the development of more advanced network services for multinational companies operating in China. The operators have signed a framework agreement to explore ways to develop new IoT,…
Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd., backed by Legend Capital, Goldman Sachs and other investors, have received approval from Chinese security regulators to list on domestic Chinese stock exchanges three years after it…
Crown Equipment Corporation is expanding in Shanghai with a new facility to support growing customer needs in the region. The facility includes space for extensive new equipment inventory, a parts distribution centre, training facility for mainland China,…
Global Blue has inked a deal to make it easier for Chinese tourists to claim tax refunds on goods they buy in UK and European stores by linking up with major mobile payments specialist EuroPass. And the deal has a major WeChat social media element too.…
The fintech dLocal that specializes in cross-border payments for emerging markets, has integrated AliPay, UnionPay and WeChat Pay – China’s three major digital payments providers – into its platform. The addition for Uruguay-based dLocal with a US presence is…
As Amazon.com looks to swallow United States grocery chain Whole Foods, China’s tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China’s…
Lacoste has opened a pop-up store this month in the China Duty Free Mall, the centrepiece of the CITS Haitang Bay Duty Free Shopping Complex. Tennis time: Lacoste’s pop-up outlet in the China Duty Free Mall includes an interactive game. The 64sq m outlet is…
Lotte Duty Free is implementing a number of measures to combat the crisis situation caused by China’s ban on tourists visiting South Korea. Over 40 executives will return 10% of their salary in a bid to alleviate some of the pressure on the company as a…
British sports car maker Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which some cars stalled and lost power, its CEO told Reuters. Chief…
China’s mass affluent population (individuals with RMB 650,000 to 6 million investment assets) makes up only around 2.5 percent of the country’s population, yet their personal consumption is expected to experience double digit growth to account for more than…
International leading service provider for supply chain management, Arvato SCM Solutions, has begun operations at a new China distribution center. The new multi-client facility in Shanghai is equipped with conveyors spanning across five floors, a…
MSCI’s decision has been closely watched as a sign of China’s growing importance on international financial markets. China on Wednesday hailed the acceptance of its stocks in a leading U.S.-based index of emerging market shares as a signal of confidence in…
Tesla Inc is close to an agreement to produce its electric cars in China for the first time and gain better access to the world’s largest auto market, citing people familiar with the matter. An agreement with the city of Shanghai would allow Tesla to build…
The number of Chinese tourists visiting Indonesia is estimated to reach more than 2 million tourists in 2017, an official said. Charge d’Affaires of the Embassy of the Peoples Republic of China in Jakarta Sun Weide said here on Tuesday that the tourism…
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