Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China Telecom Shenzhen and Huawei have signed an agreement to deliver gigabit broadband connectivity to 900,000 homes in Shenzhen. The companies have entered a five-year deal that aims to transform Shenzhen into a “Gigaband City”, using next-generation…
Christian Dior China has become the first luxury brand to sell top-end bags on messaging and social network WeChat. With an eye on Chinese Valentine’s Day (Qixi) on August 9, it offered its limited-edition Lady Dior bag on the platform this week. It was to be…
Fast fashion retailer New Look is taking advantage of its popularity in menswear by opening 25 new stores in the next five years – including a batch of standalone menswear stores in China and France over the next 12 months. While the store split between the…
Nike is phasing out its golf equipment business to focus on shoes and apparel. The company has announced it is accelerating its footwear and apparel business and will transition out of Nike golf equipment range – including clubs, balls and bags. “We’re…
More shoppers are using smartphones and tablets to do business with Korean online retailers – both Koreans and foreigners. Chinese shoppers – particularly those who have visited Korea and fallen in love with its products – have been a particular boon to the…
Star power is being used to connect fast-growing athleisure brand Under Armour with Chinese consumers. NBA All-Star Stephen Curry heads back to China next month for another promotional tour for sportswear brand Under Armour China (UA). As UA seeks to take…
Analysts warn of possible blow to tourism, retail industry A number of Chinese tourists are cancelling trips to South Korea in the wake of the country’s decision to deploy a missile defense system, a trend which experts say might lead to a blow to South…
Fashion brand Burberry China has spent £54 million (US$71.2 million) to take full control of its retail business, buying the 15 per cent interest held by Sparkle Roll Holdings. Headquartered in London, the 160-year-old label launched its foray in China in…
With the success of its trial with Tmall Global, Sainsbury’s China is doubling its product range. Citing “increasing demand”, the British supermarket retailer is about to release 100 more items, such as tea bags, coffee and pasta. “Chinese online shoppers are…
China Unicom has warned it expects to report an 80% year-on-year slump in net profit for the first half of the year as a result of a surge in expenses. In a stock exchange filing, the operator said that selling and marketing expenses grew significantly during…
Nippon Express will work with e-commerce giant Alibaba Group Holding to ship Japanese goods to China for around 30% less than current prevailing rates. The Japanese shipper will transport goods from companies doing business on Alibaba’s TMall.com platform to…
Millennials are the driving force behind Taobao Marketplace, with more than 70 percent of buyers in their 20s and 30s, according to Chris Tung, chief marketing officer at Alibaba Group. “As users continue to engage with the platform in more meaningful ways,…
Pan-Asia retailer Dairy Farm International Holdings reports “modest” sales growth for the six months ended June 30. Underlying profit was slightly ahead as higher contributions from food, home furnishings, restaurants and China hypermarket Yonghui offset a…
Chinese department store chain Lane Crawford is giving consumers a relaxing retreat from the bustle of Hong Kong. Within the retailer’s ifc mall flagship, a Sound Room has been set up for visitors to experience the sound’s power as a form of therapy.…
Apple Inc reported its third quarter of fiscal year 2016 (2QFY16) results after the closing bell on Wednesday. The company managed to beat both earning per share (EPS) and revenue consensus estimates. However, things aren’t as bright as it may seem since the…
CapitaLand’s China retail venture has had a strong half year, despite the tepid retail sector. CapitaLand Retail China Trust Management, which manages CapitaLand Retail China Trust , has achieved net property income of RMB339.3 million (US$50.92 million) for…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.