Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China, Indonesia, South Korea and Thailand have expressed interest in bidding for hosting the football Asian Cup to be held in 2023, the Asian Football Confederation (AFC) said here on Tuesday.During the meeting held in the Malaysian capital, the AFC…
Through the acquisition Alibaba is to have a firmer grip on the online retail business in Southeast Asia, including Indonesia, the region’s largest economy where Internet and smartphone penetration have been developing rapidly in recent years (although coming…
A live-streamed fashion show featuring 42 looks has marked the launch of a luxury Tmall flash sales channel via app that makes the styles immediately available to shoppers. Alibaba Group’s B2C online marketplace Tmall.com has launched the channel through its…
Subject to regulatory approvals, Chinese textile and apparel manufacturer Shandong Ruyi Technology Group has acquired a controlling stake in fashion brand parent SMCP. The Chinese company has signed an exclusive agreement along with global investment firm…
Japanese consumer products group Kao Group has formed a strategic partnership with China’s largest online direct sales company, JD.com. Included in the deal is the opening of Kao Group’s cross-border flagship store on JD Worldwide in May, which will initially…
Upmarket European outlet company Value Retail is opening a luxury shopping destination near the Shanghai Disney Resort, to be called Shanghai Village. Disney’s resort launches on June 16, but the village is getting in first with a planned opening date of May…
McDonald’s China is set to be supersized as the US fast food giant pursues growth offshore. The company’s Chicago-based CEO Steve Easterbrook has revealed more than 1500 new stores will be opened across China, Hong Kong and Korea over the next five years.…
What’s another PR scandal for the Trump empire? The latest headline involves eldest Trump daughter Ivanka, whose scarves have been recalled by Global Brands Group Accessories, a Trump licensee, for violating the federal flammability standard. According to the…
China’s Anbang Insurance Group Co. reached a deal to buy the South Korean operations of Germany’s Allianz SE, just days after it walked away from a $14 billion bid for Starwood Hotels & Resorts Worldwide Inc. Anbang has exploded onto the international scene…
Rocket Internet is selling its Zalora Thailand and Vietnam eCommerce fashion sites. This follows the Alibaba Group investing in Rocket Internet’s Lazada, valued at US$1.5 billion. Zalora, which raised more than $250 million, was once on an equal footing with…
Sino-Europe private equity firm Cathay Capital has made an undisclosed investment in Chinese home furnishing product retailer ABS through its Sino French SME Fund, says a company announcement. “ABS stands out among the numerous other domestic home furnishing…
Alibaba Cloud’s “Ai,” an artificial intelligence program was put on the spot to predict the winner at the grand finale of “I’m a Singer,” the popular Chinese reality television produced by Hunan TV. The competition is major annual event and attracts…
Asos has made the decision to remove its Chinese operations as the retailer found expansion of the business too costly. Instead of holding stock in China, Asos will serve it Chinese customers through its global platform and ship clothes from Europe. Asos will…
Chinese eCommerce giant Tencent Holdings increased its revenues last year by 30 per to RMB101.9 billion ($US15.7 billion). Excluding its eCommerce business, the revenue increase was 38 per cent, to RMB102.2 billion. Tencent’s subsidiaries provide media,…
Hui Xian Real Estate Investment Trust, the first yuan-denominated reit listed in Hong Kong, said on Tuesday that its amount available for distribution rose 8.4 per cent last year despite the weak growth in the mainland Chinese economy and the ongoing global…
Samsung Pay China is live after being launched by the South Korean smartphone giant this week. Samsung Electronics said Tuesday the introduction of the Samsung Pay China mobile payment service will speed its efforts to expand the scope of its flagship mobile…
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