Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
An original Indonesian herbal medicine, Jamu, will be marketed abroad in the Middle Eastern and ASEAN regions, the chairman of the Jamu Association of Central Java, Nyoto Wardoyo, said here on Wednesday. Jamu is made from natural materials, such as roots,…
US chipset maker Qualcomm has announced what it says is the world’s first commercial 5G modem chipset solution to help accelerate the deployments of 5G networks globally. Announced at the Qualcomm 4G/5G Summit in Hong Kong on Tuesday, Qualcomm said the…
Local e-commerce company Bukalapak is not worried about Chinese giant Alibaba’s plan to expand into Indonesia as local players can still compete with foreign ones, the company’s co-founder said. Bukalapak co-founder and chief financial officer Muhammad Fajrin…
While Fast Retailing profit fell in the full year, the Japanese apparel giant says its second-half profit rebounded sharply. Consolidated revenue rose 6.2 per cent to JP¥1.7864 trillion (US$17.19 trillion) while its operating profit fell 22.6 per cent to…
China was the biggest buyer of Korean beauty products last year, grabbing almost half of the country’s cosmetics exports, according to Korea Health Industry Development Institute data. Chinese buyers accounted for 41.1 per cent of South Korea’s cosmetics…
Retailers and catering businesses were the main beneficiaries of the 1.2 trillion yuan (US$180 billion) Golden Week spending spree by Chinese consumers. This was 10.7 per cent up on last year’s figure, according to Ministry of Commerce (MOC) data, with the…
Honda Motor Co plans to build a new factory in China that will produce passenger cars from 2019, boosting its output capacity in the country by about a fifth, two people familiar with the matter said on Tuesday. Honda and partner Dongfeng Motor Group Co…
Celestial Tiger Entertainment (CTE) has launched its flagship Chinese movie channel, Celestial Movies, on SK Broadband – a major pay TV platform in South Korea with over 3.8 million subscribers. The channel is now available on SK Broadband’s linear service “B…
Alibaba Cloud announced at its recent Computing Conference that it will provide its AI, deep learning and data analytics capabilities for two new cutting-edge developments in China. Initiated by the Hangzhou government, the “Hangzhou City Brain” is set to…
Alibaba Cloud has selected Datapipe as a global managed service provider partner, to help organizations entering China or Chinese companies venturing abroad adopt cloud environments. Under the partnership, Alibaba Cloud customers can look to Datapipe to plan,…
Asia is home to more than half the world’s most dynamic retail hubs, according to new research that reinforces images of the region’s mall-strewn megacities. The research, by professional services and investment management company JLL, says 12 of the…
By the end of this year, China’s digital travel sales will amount to more than $95 billion, according to eMarketer. That’senough to rival the revenue of Fortune 500 giant Microsoft. By 2020 this figure will have doubled to around $200 billion. Retailers and…
The U-Freight Group has welcomed the call for the establishment of an electronic world trade platform (eWTP) whose objective would be to reduce barriers to make it easier for small and medium-sized enterprises to expand their trading capabilities worldwide.…
Shanghai Laiyifen, the owner and operator of a chain of snack food stores in China, has completed an IPO in Shanghai, listing on Wednesday. Laiyifen is the first Chinese company specialising in snacks to go public. On the same day its massive advertising…
Yum China, being spun off at the end of this month by Yum Brands Inc, says it can triple its number of restaurants. Yum Brands opened its foray into China with a KFC restaurant in Beijing in 1987. There are now more than 7300 KFC and Pizza Hut outlets. “I…
Opening in Beijing in December, The British House showroom will display items from 100 UK brands across fashion, homewares and lifestyle. Already confirmed are such brands as Aspinal of London, Johnstons of Elgin, Liberty, Rachel Riley, Sunuva and Turnbull &…
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