Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
HSBC, the largest bank in Europe and Hong Kong, is planning to expand its retail banking business in China’s Guangdong province in the coming years, with credit cards. securities trading and residential mortgage business in the pipeline, said Asia-Pacific…
Platinum Guild International (“PGI”) today published the findings of its third annual Retail Barometer. The Barometer, conducted by independent platinum market experts and industry analysts, reveals the consumer retail sales data of platinum jewellery in 2015…
US private equity company KKR & Co tops a growing list of potential investors in Yum! China, the fast food giant’s planned spin-off. Bloomberg has named KKR, Baring Private Equity China and sovereign fund China Investment Corp as potential bidders for…
Alibaba Group executive chairman Jack Ma wants to knock down barriers to global eCommerce by creating a business-driven, Internet-based platform that will function something like the World Trade Organization – but without all the controversy. Speaking at the…
Suning Commerce Group, one of China’s largest electronics retailers, plans to create a separate investment arm seeking to raise as much as RMB50 billion (US$7.7 billion) within five years. The Nanjing-based Suning is also establishing two separate investment…
While a majority of luxury fashion retailers are blaming Asia for declining sales and failing to meet profit projections, Jimmy Choo has confounded the market by praising the continent. Jimmy Choo has reported sustained growth in far eastern markets to…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
There’s no bigger vehicle for fear-mongering in retail than scary tales about the downturn of China’s economy. Maybe that’s why Adidas doesn’t seem to have listened to the recent news when announcing its expansion plans for the country. Colin Currie, head of…
HSBC Holdings Plc winning approval to start a credit-card business in China’s $1 trillion market offers Chief Executive Officer Stuart Gulliver added flexibility in his push into the nation’s retail banking and wealth-management industries. The approval from…
Perry Ellis International has signed an agreement with MRH SpaRotica Groupe (MRH) to introduceFarah China next year. The brand will be launched in department stores, free-standing stores and specialty outlets as well as online with third-party eCommerce…
Online shoppers in China are steadily increasing their purchases of health products, and that offers an opportunity for popular U.S. brands of nutrition supplements. E-commerce sales of Pfizer’s health products, including popular supplements like Caltrate and…
McDonald’s Corporation, the world’s largest hamburger chain, said on Thursday that it was adding more than 1,500 new restaurants in China, Hong Kong and South Korea over the next five years and was on the lookout for suitable investment partners. The US…
Jeweller Tiffany & Co’s latest results represent a disappointing end to what has been a challenging year for the company. The fact that worldwide net sales declined by 2 per cent even on a constant currency basis neatly indicates that the weakness is not…
China is changing tax rules for imported goods that are sold online in a move that will make beauty products such as eye creams and moisturizing gels from L’Oreal SA’s Lancome and Korea’s Amorepacific Corp. become cheaper for Chinese consumers. The government…
Despite signs of a slowdown of imports into China, Singapore Post (SingPost) remains bullish on the prospects for e-commerce flows into Asia’s largest economy. The postal agency has upped its stake in Shenzhen-based e-commerce provider 4PX Information…
Clarks shoe brand retailer, S Culture has announced a loss for the year and will not pay a dividend. Chairman Chong Hot Hoi described 2015 as the worst year for Hong Kong retail sales since 2002, driven by the fall in big spending tourists from the mainland…
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