Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
CapitaLand Retail China Trust (CRCT) is acquiring a shopping mall in Chengdu for 1.5 billion yuan (S$303 million). Galleria is located in the Xinnan Tiandi retail precinct of Gaoxin District in the south of Chengdu, a major shopping belt in the city. The mall…
7-Eleven Inc., the largest convenience retail chain in the world, keeps getting bigger with the opening of its 60,000th global store. The Irving-based company traces its roots to the 1927 opening of Southland Ice Co. in Oak Cliff, Texas. In 1946, with stores…
After several attempts at cracking the market, Laura Ashley will finally launch in China. The British retailer, owned by Malaysia-based MUI Group, will open a website via the Alibaba-owned Tmall website and will have a concession within the first House of…
China Unicom, the country’s second largest mobile carrier by subscribers, is expecting a gradual turnaround as soon as next year after the company reported its largest slump in first-half net profit since 2000. Unicom chairman and CEO Wang Xiaochu said “a…
A global survey of 20,000 consumers by Worldpay has discovered that buying power in the internet age is highly concentrated within a group of high spending, high frequency Super-Shoppers. In China, Super-Shoppers make up just 5% of the general population yet…
A select group of influential online celebrities from China will arrive in Australia next week for the ‘Walk Into Australia and New Zealand’ campaign, organised by leading turnkey e-commerce solutions provider Azoya and China’s leading online shopping guide…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
Baidu is Qlik Sense to improve its cloud services platform and provide an enhanced data analytics experience to its customers. Qlik Sense will be integrated into Baidu Palo to enable self-service visualization analytics on the Palo OLAP engine, giving Chinese…
China Mobile has issued contracts to build a 100G optical backbone network to support the rollout of 4G services and help meet its Broadband China strategy ambitions. Nokia revealed it has been awarded a more than 30% share of the project. Under the contract,…
Huawei, China’s top-tier handset and networking infrastructure business operator, is basking in the limelight for its partnership with Shinsegae, a former Samsung Group affiliate and the nation’s second-largest retailer. The partnership is also eye-catching…
China Jo-Jo Drugstores, Inc. (CJJD) yesterday announced financial results for its first fiscal quarter ended June 30, 2016. FY 2017 First Quarter Highlights: Revenue was $20.9 million compared to $21.3 million a year ago Gross profit increased 2.4%…
The Alibaba Group reported a 59% revenue growth (reaching $4.84 billion) for the quarter ended June 30. Revenue from its China retail marketplaces ($3.51 million), including Taobao and TMall, also rose 49% from a year earlier. It is, however, in the area of…
Smartphone shipments in China during the second quarter rose 14.9% on a year-over-year basis to 149 million units. Sequentially, shipments rose 2.7%. This growth is not coming from high-end manufacturers like Samsung and Apple. Instead, entry-level handsets…
Alibaba sales have soared in the first quarter of its new fiscal year, with overall revenue growth pushing even higher than last quarter’s stellar result. Streaming entertainment and cloud computing boosted the business, driving revenue up 59 per cent in the…
Chinese travelers are spending billions of dollars abroad, but where exactly are they making their luxury goods purchases? A recent report titled “Who Buys Where: Decrypting Cross-Border Luxury Demand Flows” by digital direct marketing services provider…
Mainland China’s retail sales growth slowed sharply in July, statistics showed Friday, missing expectations in a disappointing sign for the world’s second-largest economy as the mainland China authorities look to consumer demand to push growth. Retail sales…
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