Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Online grocery in China could more than double in growth between now and 2020, according to figures released today by international grocery research organisation IGD, with its current 3.1 per cent share of the country’s total grocery market forecast to leap…
After 12 consecutive quarters of decline, jeweller Luk Fook has recorded a 2 per cent turnaround for its fourth quarter, ended March 31. The retailer says that with a relatively low base and encouraging improvement in the Hong Kong/Macau market, same-store…
China Unicom has launched a live trial of Nokia’s Virtualized Services Router for around 5,000 residential broadband subscribers. The trial in the province of Shandong involves the delivery of residential broadband over an agile network based on virtualized…
Strengthening sales in Mainland China and an “exceptional” UK performance helped UK luxury fashion retailer Burberry weather a weakening US market in its second half year. Same-store Burberry sales rose 3 per cent – a lesser rate than during the third…
The Thai government is eager to build a new subsea cable linking China, Bangkok and Hong Kong, as part of the efforts to transform Thailand into Southeast Asia’s digital hub. The Digital Economy and Society ministry is drawing up a master plan for the cable…
When Chinese sportswear brand Li Ning set up shop in Singapore in 2009, it took one month to sell its first badminton racket. Former world No.1 shuttler Lin Dan may have endorsed the brand, but in the eyes of Singaporeans, one detail stood out: that it is a…
The Chinese government has issued updated guidance on rules for cross-border e-commerce in the world’s second-largest economy, giving stakeholders much-needed clarity on potential changes in policy that have hung over the sector for the past year. China’s…
Sales for luxury group Prada slipped 10.4 per cent for its fiscal year to January 31 to reach €3.1 billion (US$3.3 billion). The result is disappointing coming just 24 hours after LVMH reported a 15 per cent increase in sales across its multitude of brands in…
The country topped the list in the Health Governance Capacity Index (HGCI) by Brookings Institution. The HGCI aims at effectively utilizing private investment in healthcare research and development by measuring low and middle income economies’ governance…
An undulating sledding path will loop around the roof garden of Beijing’s planned Phase 3C mall, which also has an Olympic-sized ice-skating rink at its heart. A layer of fake snow will be added to the rooftop track in winter for sledding. Designed by Hong…
After reporting a loss for 2016, ZTE swung back to a 1.21 billion yuan ($175.6 million) profit for the first three months of 2017 – a year-on-year increase of 27.8%. The vendor reported a 17.8% increase in revenue for the quarter to 25.75 billion, due to…
Kerry Logistics Network participated in the commencement ceremony of the first eastbound freight train from London to Yiwu with the support of a long-standing customer for this service. The project is not only a significant step forward in the Group’s…
Tianjin Faw Xiali Automobile Says it expects Q1 net loss to widen to 240-290 million yuan from 166.9 million yuan ($24.24 million) year ago. Lees ook: Amazon has over 100,000 Vietnamese sellers Order now, deliver later by GU fashion Tourism Ministry to Lure…
Link REIT has bought a shopping mall in Guangzhou for RMB4.065 billion (HK$4.57 billion; US$588.4 million). The property, Metropolitan Plaza, is located at No. 8 Huangsha Road in Liwan District. It comprises retail space from basement level one to the third…
Sales, profits and margins all grew, along with store expansion, for Yum China Holdings in its unaudited results for its first quarter to the end of February. Same-store sales grew 1 per cent, including growth of 1 per cent at KFC and 2 per cent at Pizza Hut…
Chow Tai Fook saw positive retail sales growth in the fiscal fourth quarter, ending a long run of declines at the Hong Kong-based jeweler. Retail sales in mainland China increased 16%, with same-store sales rising 12% during the three months that ended March…
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