Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
VIPshop Holdings, a prominent Chinese online discount retailer, has reported a decrease in revenue and profit for the second quarter of the 2025 fiscal year. This decline is part of a broader strategic adjustment that the company is currently undertaking.…
China’s retail landscape continues to shift, thanks in part to the rapid rise of influencer marketing and e-commerce innovations. The impact of social media influencers on consumer behavior is shaping how brands connect with the younger demographic, pushing…
The coal mining landscape is gearing up for a significant shift as developers in 30 countries, particularly China and India, prepare to expand their production capacity despite an impending decline at newly operating mines in 2024. This ambitious initiative…
The South African retail market has witnessed significant disruption with the entry of Chinese e-commerce firms, Shein and Temu. Together, they constitute 3.6% of the nation’s retail sector, specifically the clothing, textile, footwear, and leather (CTFL)…
Yum China, a stalwart in the food and beverage industry, has reported a rise in revenue by 4 per cent year on year for the second quarter ending June 30, 2021, accumulating a total of US$2.8 billion. The company’s growth is attributed to the expansion of its…
The Kuwaiti beverage chain, Aseer Time, has recently launched its inaugural store in China. This development forms part of the company’s broader strategy to expand its reach in the Asia-Pacific region, particularly within the rapidly growing food and beverage…
McDonald’s, the renowned fast-food chain, has announced its intention to significantly increase its investment in artificial intelligence (AI) by 2027, foreseeing India as a principal center for data governance, engineering, and platform architecture. The…
As the global retail landscape shifts, Asian e-commerce giant Alibaba has unveiled its ambitious plans for expansion, promising a new era of digital shopping that could reshape consumer habits and retail dynamics across the continent. During a recent press…
In an ambitious move that could reshape the retail landscape in Asia, Alibaba Group has unveiled its latest venture: a multi-format retail experience designed to blend online and offline shopping seamlessly. This ambitious project embraces the company’s…
China’s new hydropower project will be the world’s biggest and crucial for energy decarbonisation, but this will be expensive and challenging, S&P Global Ratings said. “The project will also be very risky. The geographic challenges will be unprecedented: it…
Reborn Coffee, a specialty coffee retailer based in California, has entered into a licensing agreement valued at $1.3 million with Reborn Health Goods, a corporation situated in China. This alliance will facilitate the specialty coffee retailer’s expansion…
Luckin Coffee reported an unprecedented revenue of $1.72 billion in the second quarter, representing a 47 percent year-on-year increase. This performance coincides with the expansion of the Chinese coffee chain’s global footprint to 26,206 outlets, including…
Shares in Danone, the renowned French consumer goods manufacturer, escalated approximately 7% following the release of second-quarter sales which outperformed predictions. This surge of success is largely attributed to a soaring demand for infant milk formula…
JD.com, one of China’s leading online retailers, is set to acquire German electronics retailer, Ceconomy. The acquisition deal is worth an estimated 2.2 billion euros (US$2.5 billion). This strategic move signals JD.com’s intentions to expand beyond its…
China’s coal demand is anticipated to experience a modest decline this year, a turn of events that reflects broader trends in the global energy landscape. The International Energy Agency (IEA) projects that overall global coal consumption will remain stable,…
In a challenging first half of 2025, Hang Seng Bank reported a significant profit drop, with net earnings attributable to shareholders plummeting by 30% to $876.45 million (HK$6.88 billion). The bank’s operating profit also took a hit, declining 25% to $1.09…
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