Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Burberry Korea is under fire for cutting prices “too little, too late”. It’s not the first time Burberry has been criticised for its Asian pricing strategy. Last May, Jack Chuang, a partner with Hong Kong-headquartered OC&C Strategy Consultants, said that of…
Hong Kong-based logistics startup Lalamove has raised US$30 million in Series B funding to enable it to push into more than 100 cities in Asia by the end of the year. It is already established in 45 cities across China and Southeast Asia. Since it launched as…
Pou Sheng International Ltd, a unit of the world’s largest producer of branded footwear, recorded the largest intraday plunge in its stock price since 2008, after firing its chief financial officer for publishing inaccurate sales figures, and announced the…
Tata Motors’ subsidiary — Jaguar Land Rover (JLR) has achieved its best ever December sales performance in 2016, with total retail sales of 55,375 vehicles, up 12% on the prior year, primarily driven by the ongoing success of the Jaguar F-PACE, Land Rover…
Mobile advertising tech company S4M has launched a service to target more than 30 million airport travellers each week. Using enriched geo-localised user behavioural and contextual data, the company wants to help brands boost their presence in 30 global…
CapitaLand Mall Asia has signed its second management contract within five months, to manage the shopping mall in La Botanica, a township in Xi’an’s Chan-Ba Ecological District. The mall is being developed by (Xi’an) Property Development, a JV between…
Alibaba has announced a proposal to privatise the Intime Retail Group, an investment-holding company that manages department stores and shopping malls in China. Alibaba Investment, a wholly owned subsidiary of Alibaba Group Holding, together with an entity…
Mexican-inspired restaurant chain Taco Bell has opened its first outlet in China, near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui business district. The restaurant has opened in conjunction with Yum China Holdings, which is the licensee of Yum!…
Kasikornbank will soon be Thailand’s second bank to be locally incorporated in China, with hopes of cashing in further on the growing trade between the two countries. Thailand’s fourth largest bank by assets is currently going through the final procedures…
More spending by Chinese visitors can boost Vietnam’s GDP by 1 percentage point. As more Chinese travel around the world, they leave bigger impacts wherever they go. Now experts say for countries that receive a large number of Chinese arrivals, including…
AirAsia was named The Most Influential Airline in China at the 2016 New Power of Travel Awards held in Beijing on Friday. The awards, hosted by Sina Travel and Youku Travel websites, review the development and trends of China’s travel industry. In statement…
McDonald’s has confirmed the sale of its China and Hong Kong operations to an investment consortium for US$2.08 billion (HK$16.14 billion). Under the deal, the purchasers, Citic Limited, Citic Capital and The Carlyle Group, will open 1500 new outlets. Phyllis…
Surprisingly, Asia does not feature in the top 10 destinations of Chinese cross-border eCommerce during the holiday season. First to market, DHGate.com, a B2B transactional crossborder eCommerce marketplace, has released lists of the 10 destinations…
Users of China mobile wallet app Alipay hit spending records last year both online and in stores. Of the app’s 450 million users, most are in Shanghai, paying out an average US$20,400 last year, says the Alibaba spin-off company. This was 1.5 times more than…
Ramen restaurant chain Ippudo’s owner is expected to list shares on the Tokyo Stock Exchange as early as March. The total market value of the initial offering is projected to be around 30 billion yen (US$259 million). Chikaranomoto Holdings has about 60…
China has launched its first UK-bound freight train from the city of Yiwu in Zhejiang province to London. The train, which is jointly operated by the Yiwu government and China Railway Container Transport Corp., Ltd., a subsidiary of the state-owned China…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.