Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Dwindling footfalls and intense competition in the Hong Kong retail market is prompting developers of shopping malls to tap unexplored areas for growth. New World Development has gone a step further and is using its revamped D.Park shopping mall in Tsuen Wan…
Despite economic growth cooling, Parkson Retail Group (PRG China) is confident about its shopping mall opening this month in Qingdao. This confidence is underlined by an Asian Development Bank prediction that the Chinese economy will grow 6.5 per cent this…
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors in what looks to be a spin-off business in much the same nature as…
As world’s largest and fast-growing e-commerce market, China is expecting the potentialgrowth of the online-to-offline services, which are cutting into incumbents’ margins, accordingto the latest McKinsey’s survey of China’s Internet users. “Online-to-offline…
A multimillion dollar deal with a farming corporation in China will see New Zealand’s Alliance Group become one of the largest exporters of meat in that market. The “grand alliance” between Alliance Group and Beijing Businesman Chen Xibin, who owns Grand…
The pace of China’s economic growth decreased to its lowest since the global financial crisis in the January to March period, official figures show. Gross domestic product expanded 6.7% from the same period a year ago, in line with market expectations but the…
Yooya said it has achieved over four billion lifetime views, with more than 2.75 billion added in the last seven months, driven by a combination of an increasing number of distribution partners and a growing stream of compelling new content. This development…
Uniqlo profit has plummeted in the Japanese fast fashion chain’s first half year. Parent Fast Retailing has revealed a 33.8 per cent decline in year-on-year surplus, despite a 6.5 per cent increase in sales from September 2015 to February 2016. Consolidated…
The TFWA China’s Century Conference will take place from 7-9th March 2017 in Guangzhou, at the port city’s Four Seasons Hotel. The official host of the event will be Guangzhou Baiyun International Airport Co. Erik Juul-Mortensen, president TFWA said: “TFWA…
Thailand would be a hub to support and facilitate the growth of Roos’s business in Asia. “We’re originally from Holland. My great-great-grandfather founded the company in 1835, or about 181 years ago. I’m the sixth generation of the family. We [currently…
The new Chinese menswear brand Septwolves flagship in Xiamen was designed by Prospace Asia to offer a “stereoscopic fashion experience”. The idea was to merge the sales area with a fashion lounge/art gallery space for the Xiamen store, the same city where the…
Luxury timepiece retailer Emperor Watch & Jewellery is implementing an action plan to stay buoyant in the face of reversed fortunes due to the difficult trading environment. A member of the Emperor Group founded in 1942, the company posted a net loss of…
Online shopping is thriving in rural China, with last year’s transactions nearly double the 2014 amount, a Ministry of Commerce official said. Online purchases in rural areas were up 96 percent year on year to 353 billion yuan (US$55 billion) in 2015, said…
Parkson Retail Group Ltd (PRG), a unit of Parkson Holdings Bhd, is confident its new shopping mall in Qingdao, China, which opens later this month, will attract strong retail interest, even as rapid economic growth in China cools down. The Asian Development…
China’s e-commerce giants are getting a hand in pharmaceuticals as the government directs prescription drug sales away from hospitals and into retail. China’s online pharmacy business has grown from virtually nothing five years ago to more than 7 billion yuan…
Wal-Mart China is opening 60 new stores in the country by 2017 as part of its efforts to integrate its hypermarkets, membership stores and online platform to offer customers more convenience and quality products in a highly-competitive retail market, the…
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