Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Mexican-inspired fast food is about to tickle Asian palettes, with the first Taco Bell China restaurant scheduled to open this year. Yum Brands! CEO Greg Creed, speaking at a consumer and retail conference in New York, says the first taco Bell China outlet…
Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. For its latest financial year, it had a net profit of Rmb14 million (US$2.2 million), reversing from a…
The global virtual reality market to grow at a rate of 96% by 2019, according to a new report made available by Research and Markets. VR is being adopted in a wide variety of applications ranging from healthcare, gaming devices, public entertainment,…
Hong Kong-listed global supply chain management company Li & Fung has proved nimble weathering one of the most challenging retail environments for many years. Yet despite an overall increase in trading volume, its revenue for the year ended December 31 fell…
China’s growing middle class craves imported goods and that’s driving big opportunities for overseas brands and retailers. China’s 500 largest web retailers grew combined sales by 60% in 2015, according to the all-new Internet Retailer 2016 China 500, which…
Rapidly Growing Online Retail Market There are multiple dimensions through which the Chinese online retail market is growing such as growing Internet users and expanding middle class. Unlike developed countries with largest online retail markets such as the…
Mainland Chinese Customs recently smashed a $4.4m South Korean cosmetics smuggling racket operating between the Chinese port of Ningbo and Incheon Port, South Korea. This follows a crackdown on organised crime smuggling branded goods into China, according to…
Largely in line with expectations, Esprit sales were flat, the fashion brand says in its interim report for the six months to December 31. While its overall turnover was down 0.4 per cent overall, retail turnover grew 6 per cent while wholesale turnover fell…
Xiaomi India, the Chinese smartphone maker’s local subsidiary, has lodged an application with the government to operate single-brand retail stores. The move coincides with US tech giant Apple resubmitting a similar application as it attempts to gain formal…
The shift of ecommerce sales from the desktop to mobile devices has been under way in China for a couple of years. And according to data from the end of 2015, the tilt toward mobile is clear. Analysys International Enfodesk reported that nearly two-thirds of…
The Stock Exchange of Thailand continues to stay in positive territory, gaining around 7 per cent year to date, despite the sluggishness over the last two weeks. Nevertheless, the SET Index still failed to breach the psychological 1,400 level. Month-to-date,…
The regional head of retail banking for Greater China and North Asia at Standard Chartered (2888), Mary Huen Wai-yi, said Hong Kong will be used as a hub to attract high net worth customers from the mainland to bring growth in retail banking income in the…
China’s consumers are ignoring the bears. Consultancy McKinsey & Co. is tipping that China’s shoppers will increase their spending by 10 percent per year through the end of the decade as incomes rise. Some 55 percent of consumers expect a significant wage…
China Resources Beer Holdings Co., the maker of the world’s best-selling beer, reported earnings that missed analyst estimates as sales slowed amid a competitive market and a slowing economy. Underlying profit for the beer assets rose 14 percent to HK$831…
Italian car-maker Maserati launched its flagship store on Tmall, Alibaba’s online shopping site and the first 100 Maserati SUV Levantes, priced at 999,800 yuan (€137,600), sold out 18 seconds after being put up for advance sale at exactly 3 pm yesterday in…
Lenovo and Juniper Networks have inked a global partnership to jointly build new converged, hyper-converged, and hyper-scale data center infrastructure. As part of the partnership, customers will be able to purchase Juniper’s networking products directly from…
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