Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China’s consumers are by no means the wealthiest in the world. But they are years ahead of their counterparts in many developed economies in terms of how they shop and pay for what they buy. In this, they are revolutionising the way consumer finance is…
The Board of Directors of Luk Fook Limited announced the unaudited consolidated interim results of the company and its subsidiaries for the six months ended 30 September 2016. During the Period under review, the Group’s revenue dropped 21.5 percent to…
Fashion group Moiselle International has strengthened its margins but still posted a loss in the last half year. While its loss of about HK$35 million (US$4.5 million) was about 10 per cent more than its loss of about HK$32 million for the same period last…
Buoyed by its Tumi acquisition, Samsonite sales soared in the last quarter in every market, even in its weakest link, Asia. The world’s largest luggage maker and retailer achieved a net sales boost of 22.8 per cent in the three months to September 30. Its…
Ahead of the annual Spring Festival celebration, ZALORA, Asia’s online fashion destination, launches its third Chinese New Year collection with a bigger range of modern festive wear for the fashion forward women. With over 200 styles, there are plenty of…
Shanghai Disney Resort will open two retail stores at the city’s Hongqiao International Airport next year. Both stores will be at the domestic departures of the airport’s T2 terminal to allow travellers to take home merchandise collections more conveniently,…
Predicting the changing tastes of China’s consumers is becoming easier thanks to the country’s e-commerce giants, who monitor sales that can exceed US$17 billion in a single day. The country’s second-biggest web-based retail platform, JD.com Inc, already has…
LeEco may have had some high-profile setbacks in recent weeks, with news coming from the company that it had overextended itself financially in some areas, but the Chinese electronics maker and service provider is still doing ambitious things in retail,…
The low-cost carrier’s Philippine subsidiary started flying direct from Manila to Taipei on 21 November, and then on 25 November it commenced flights between Cebu and Taipei. “We are aiming to go further across Asia by strengthening AirAsia’s presence in…
Tax-free specialist Global Blue has partnered with the Bank of China to launch a VAT refund service to overseas tourists in Shanghai. Travellers in Shanghai are now able to save 9% on their purchases as China has introduced its first tax-free shopping scheme…
In the period ending September 30th 2016, Sa Sa International’s turnover reached HK$3.63 bn (€442.2 mn), a 4% drop from HK$3.78 bn (€460.5 mn) compared to last year’s results. Sa Sa totalled profits of HK$96 mn (€11.7mn), indicating a 37.3% drop from last…
Bluebell Group has invested in a new luggage design house Ookonn, which takes inspiration from a hat box, selling direct to consumers online. Ookon is the brainchild of Anson Shum, who conceived a style and design based on an old-fashioned, round hat box. At…
Total revenue for the half-year to the end of September rose by 4.3 per cent to HK$3.89 billion (US$501.5 million) for restaurant and catering group Cafe de Coral Holdings. Net profit, at HK$232 million, was up 11.8 per cent, while profit attributable to…
More shoppers spent less on Black Friday in the US – and more was spent online than ever before. Those are the key take-outs from the three day long shopping extravaganza, which is being followed up by Cyber Monday giving Americans a second chance at scoring…
Restaurant group Jumbo Seafood has reported a full-year net profit of S$15.7 million (US$11 million) – up 17.9 per cent from the previous year. Overall group revenue grew 11.4 per cent to S$136.8 million, attributed mainly to revenue contributions from its…
Fast-food giant Yum China Holdings is looking at buying food-delivery services firm Daojia.com. Discussions are at an early stage, but a deal could be worth up to US$200 million, as reported. Established in 2010, Daojia.com focusses on online food orders and…
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