Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
ChaPanda, a renowned Chinese milk tea brand, is making its daring entry into the Singaporean market by launching two new stores in prime locations. The First Two Outlets The brand’s inaugural outlet in Singapore has already opened its doors at Scape, a…
China Everbright Bank (CEB) is navigating a complex landscape, facing the challenge of potential new nonperforming loans (NPLs), but recent assessments indicate that its financial health remains robust. According to Moody’s Ratings, the bank has built…
China’s new visa policies and tax refund reforms are having a transformative impact on international travel and retail in Shanghai, according to a recent report by Savills. The city has seen a remarkable increase in international arrivals and shopper…
Retail giant IKEA is intensifying its commitment to sustainability by launching a dedicated retail space in China that prioritizes environmental responsibility. The new venture, a part of their larger strategy to embrace sustainable practices, features a…
After six consecutive quarters of growth, China’s smartphone market showed signs of contraction during the second quarter of this year. The International Data Corporation (IDC) reported a decrease in shipments from the top four out of five brands, attributing…
The Swiss luxury conglomerate, Richemont, reported a six per cent increase in quarterly sales, attributing the growth to the continued popularity of its fine jewelry brands, Cartier and Van Cleef & Arpels, among affluent consumers. Quarterly Sales Figures For…
Canadian skincare label, The Ordinary, has recently announced the launch of its inaugural flagship store on Tmall, Alibaba’s e-commerce platform. This comes not long after it first ventured into the Chinese market in February of this year. Embracing…
In the midst of a fierce food delivery war, China’s major players—Alibaba Group, Meituan, and JD.com—are locked in a high-stakes competition to capture consumer spending in the world’s largest economy. The stakes have just risen as JD.com recently amplified…
Pop Mart International Group, the acclaimed Chinese toymaker renowned for its whimsical Labubu plush characters, is poised to report an astounding 350% surge in profits during the first half of the year. This dramatic uptick is underscored by a projected…
The golden-yellow Chinese plum has burst onto the Vietnamese fruit scene, boasting a subtle fragrance, crisp texture, and a hint of delicate sweetness. Its size surpasses that of traditional Vietnamese plums, positioning it as a rival to pricier fruits like…
Pandora, the Denmark-based jewellery manufacturer known for its charm bracelets, is considering a strategic overhaul of its operations in China due to a sustained downturn in sales, according to insider sources. These measures may include licensing its brand…
Chagee: The Chinese Tea Brand Poised to Enter Philippine Market Chagee, a renowned Chinese tea brand, is poised to infiltrate the Philippine market. This expansion is earmarked for August, with three branches slated for unveiling in Metro Manila. The fresh…
Starbucks’ China Operations Draw Interest from Potential Buyers Starbucks’ business operations in China may soon undergo changes, as several prominent investors have shown interest in acquiring a stake. This signifies a potential valuation of Starbucks’ China…
Starbucks’ China Business Draws Significant Interest Starbucks’ China venture has recently garnered substantial interest for a potential stake sale. The unit is speculated to be worth up to a staggering $10 billion. According to insider information, a…
Retail giant Alibaba Group is ramping up its game as it unveils plans to expand its wholesale business, unveiling a transformative strategy that aims to penetrate deeper into Southeast Asia’s burgeoning e-commerce market. With a firm belief in the region’s…
Baidu Introduces AI-Driven Video Generator and Revamps Search Engine Baidu, the Chinese technology company, unveiled a new artificial intelligence (AI) tool called MuseSteamer and launched a significant upgrade to its search engine on Wednesday. The…
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.