Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Clevo will sell office space and residential units of its IT and consumer electronics retail chain Buynow in China and is poised to float REIT (real estate investment trust) certificates in Taiwan for commercial real estate in China including Buynow stores,…
Sportswear maker Descente China plans to open 100 retail stores under its own name before March 2019. Unlike the 500-odd boutique stores with swimwear and golf goods being run already in China by a foreign subsidiary of the Japanese company, the new outlets…
A decade after its first aborted foray into Thailand, UK-founded furnishing and homewares retailer Habitat is thriving in Bangkok. Habitat Thailand has just opened what – for the time being – it is describing as its flagship store under the management of…
Service providers and their millions of users are affected by a significant regulatory change to China online payments announced by the Chinese Central Bank. From July 1, third-party online payment service providers must ensure that all user accounts bear the…
Controversies continue to hound Miniso, a retail chain in mainland China that projects the image of a Japanese fashion brand. Critics have accused it of piggybacking on Japanese retail giants Daiso, Muji and Uniqlo, reports the Hong Kong Economic Journal…
Just days after its CEO stepped down, Silicon Valley virtual reality company Jaunt said it has started producing VR content in China for worldwide distribution. Jaunt has received $100 million in funding, including millions from Disney. The new operation was…
Nestlé has strengthened its global capabilities in e-commerce by signing a partnership with Alibaba in China, to grow online sales, build key brands and offer new products to millions of consumers. Nestlé has introduced products including Nido milk powder,…
A post on Chinese social media platform WeChat touts Orchard Road as a prime spot for a selfie, with its backdrop of high street brands and clean surroundings. Another post raves about the value of the dishes at seafood restaurant chain Fish & Co, where…
Hong Kong women’s apparel company Niologie Limited has received a capital injection of RMB20 million (US$3.034 million) for its wholly owned subsidiary Niologie China from one of China’s largest fashion brands. Shanghai La Chapelle Fashion gains a direct…
Starbucks has opened its first flagship store within a Disney resort in Asia. The new Starbucks Disneytown Shanghai cafe opened on Wednesday. It will employ 110 staff creating a destination for resort-goers to relax and recharge. “We will bring to life the…
Link Asset Management, which manages Link Real Estate Investment Trust, Link REIT, increased both its revenue and net property income by double figures during the year ended March 31. Revenue rose 13.2 per cent to HK$8740 million (US$1125.68 million), while…
Chinese etailer Globalegrow says it has taken steps to ensure what foreign customers order is what they get at a time foreign shoppers are increasingly wary of the authenticity of Chinese-sourced products. Globalegrow, whose full name is Shenzhen Global…
Anheuser-Busch InBev’s $107bn acquisition of SABMiller is nearing Chinese approval after the companies agreed to divest the maker of Snow beer, the world’s top-selling brand, according to people familiar with the matter. Approvals for both transactions could…
Bebe Stores has entered into a joint venture with Bluestar Alliance to take over its global marketing and store operations, including in Asia. Bluestar, a privately owned brand management company founded in 2006, has paid US$35 million to Bebe Stores for its…
Chow Tai Fook reported profit tumbled 46 percent in the past fiscal year as fewer tourists visited Hong Kong and a downturn in Greater China reduced consumer spending. Profit slumped to $383.6 million (HKD 2.98 billion) in the 12 months that ended March 31,…
An influx of dodgy Chinese tour operators has prompted the South Korean government to mount a clampdown. Authorities say they will tighten regulations on tour operators that lure Chinese travellers with cheap, low-quality packages to screen out substandard…
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