Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Italian luxury company Furla Group has had another year of what it describes as “exceptional growth” in turnover and profit. Sales soared 31.7 per cent in Japan, its strongest market in Asia, and the company is now setting its focus on boosting sales in China…
Adidas sales have soared 18 per cent last year as the German sportswear brand plays catch-up with America’s Nike. For the first time in its history, Adidas’ net income topped euro 1 billion. In Greater China, sales soared 28 per cent year-on-year. “These…
FedEx Express, a subsidiary of FedEx, will donate its logistical services to transport a giant panda named Bao Bao from the United States to China on 21 February 2017. Working in conjunction with the Smithsonian’s National Zoo, FedEx Express will fly the…
China is considering easing proposed quotas aimed at producing more electric vehicles, as Beijing gets pushback from the automotive industry over the scale and pace of the plans. If adopted, proposed changes under discussion could see a target of new energy…
One of the world’s largest luggage makers Samsonite International SA is banking on e-commerce to fuel its China business, which is set to record 12 to 14 percent growth in the coming years. The company hopes to have one-third of its sales generated online by…
Newegg have just announced that they will be launching a standalone China Marketplace later this year, which will be the first of a few new Market entries in 2017. They have ambitions to launch in 20 new countries in the course of the next year. Newegg are a…
South Korea sold more than $7 billion worth of consumer goods to China last year, a report showed Tuesday, amid growing concerns that this sector will suffer the most from a trade spat between the two countries over the deployment of an advanced US…
Following a transformation, the Louis Vuitton Hong Kong Landmark has a new look. At one of the busiest junctions in Hong Kong, the flagship maison in Central has a new glass facade designed by Japanese architect Jun Aoki, who also designed the exterior of the…
Following inspections, Chinese authorities have closed nearly two dozen Lotte Group stores. Lotte says that 23 of its supermarkets in its biggest overseas market have been shuttered, reaching from Dandong on the North Korean border to the east coast and…
Ford Motor Co’s luxury unit Lincoln on Monday said it plans to produce a new luxury SUV in China by late 2019. “The new luxury SUV will be built in partnership with its joint venture partner Changan in Chongqing,” Lincoln China said in a press release. Lees…
hai retail giant Central Group aims to raise the share of its e-commerce sales to 15 per cent over five years, up from the present 1 per cent. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion…
Sales of South Korea’s online shopping malls rose dramatically in recent months helped by the growing number of Chinese customers. Data released this week shows the Korean online industry growth is happening amid China’s retaliation against South Korea over…
The Tourism Ministry, in cooperation with Chinese provincial tourism administrations, aims to raise the number of tourist arrivals from China by 50 percent to 2.1 million in 2017 from 1.4 million last year. The ministry’s director for Asia-Pacific tourism…
Speaking today at eTail Asia 2017, a leading platform to help online retailers in Asia build a successful ecommerce business, Ann Wang, General Manager of Performance Advertising Solution, Online Media Group, Tencent, shared insights into China’s unique…
Gemalto is working with Banma Technologies, a new joint venture between Alibaba Group and SAIC Motor, to help produce China’s first internet car the Roewe RX5. The RX5 leverages Gemalto’s machine identification module (MIM) — securing cellular M2M connections…
In a conference session entitled ‘China’s cruise market sets sail’, Mike Feely, Vice President of research agency Horizon Consumer Science, revealed the telling statistic that, Asia will be the No 2 cruise region by 2020, if it maintains its growth…
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