Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
As many companies are looking to Asia for the first time, some have been in these markets for a while and are strengthening ties within the region. Zespri is one of these companies and have made big in roads into Asia in recent years and are continuing to…
H3C has introduced a series of SDN software and hardware products to help enterprises in Hong Kong and China take full advantage of private or hybrid clouds. H3C Hong Kong product director Joseph Lee warned that many Hong Kong companies may not have fully…
Why did Alibaba decide to take a stake in Yum China, buying into the Chinese fast food market? The Alibaba-KFC partnership was growing strongly long before the tech paid $50 million for a stake in Yum China. Last week, the fast food company opened a KFC…
Aiming to add variety in the face of intensifying competition, Japanese retail giant Aeon Mall is inviting foreign businesses to sign on as tenants in Japan. Aeon Mall, which has about 150 shopping centres across Japan, will aim to have its first new-look…
The official Coach Tmall flagship shop has been abandoned. Luxury bag brand Coach Inc says it will replace its shop on Alibaba Group Holding’s business-to-consumer sales site by selling directly through its own website and on its WeChat account, the…
Huawei has unveiled its latest SDN security solution which promises to “guarantees the security of enterprise tenants’ applications hosted on the cloud”. Based on the core component Agile Controller, the solution virtualizes hardware security devices and…
Retail sector jobless rate rises to 5.4pc The Secretary for Labour and Welfare, Matthew Cheung Kin-chung, said today that on a year-on-year comparison, Hong Kong’s unemployment rate was 0.3 percentage point higher, with employment dipping for the 16th…
ZTE has unveiled its ZXV10 B820T2-A14 set top box (STB) to deliver an enhanced viewing experience to homes around the world. Integrating 4K ultra high definition (UHD) and over the top (OTT) services, the set top box has received favorable praise and…
Keppel Land China Ltd and Alpha Investment Partners Ltd (Alpha) have divested their 80 per cent stake in Sparkle Bright Holdings Limited (Sparkle Bright) for $516.9 million. Keppel Land China and Alpha signed an agreement with Star Champ Development Ltd, a…
Yum China has revealed the likely composition of its board post-spin-off from its US parent, Yum! Brands. The new company to be formed after the sell-off to Primavera Capital Group and a subsidiary of Alibaba Group, will be called Yum China Holdings and is…
Chinese internet giant Baidu and GPU maker NVIDIA have teamed up to use artificial intelligence in the creation of a cloud-to-car autonomous car platform for local Chinese and global car makers. The partnership combines Baidu’s cloud platform and mapping…
Ikea Asia is banking on a rapid store rollout in India and ongoing China expansion to sustain its global growth. The Swedish homewares and furniture specialist will open its first store in India next year and plans to have 25 stores trading there by 2025. And…
Chinese cross-border eCommerce has reached a turning point, says new research from Oliver Wyman. Spending online offshore by Mainland Chinese reached RMB 120 billion (US$17.963 billion) in 2015 according to iResearch, and is expected to grow more than 60 per…
Beijing-based retail giant WuMart has filed a bid to take over McDonald’s operations in both the mainland and Hong Kong, according to a report from Caixin.com. Someone familiar with the case revealed that Wumart’s bid is being backed by TPG capital, one of…
Lazada, a leading e-commerce platform in Southeast Asia owned by Alibaba Group, is gearing up to tap into the burgeoning cross-border e-commerce market next year, in a move set to create greater opportunities for small and medium-sized enterprises in Asean…
Peter McBride, chairman of Zespri, visited the headquarters of Fruitday in Shanghai yesterday. Fruitday is a prominent Chinese retailer which is especially good with online sales of fresh fruit. The two companies have settled the collaboration, in which…
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