Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
The number of contactless payments made via mobile handsets will reach 148 million globally this year, according to a study conducted by Juniper Research. Samsung and Apple will account for approximately 70 per cent of new customers. The study showed…
China’s broadest measure of new credit dropped sharply after a record surge a month earlier. Aggregate financing was at 780.2 billion yuan ($120 billion) in February, according to a report from the People’s Bank of China on Friday, compared with the median…
Household products manufacturer Pental is hoping to clean up in China by following in the footsteps of Bellamy’s and Blackmores and selling bar soaps designed for the Asian market. Pental, which makes laundry staples White King bleach and Softly wool wash,…
Ever Rich D.F.S. Corporation tells David Hayes that the company achieved single digit revenue growth in 2015 at its major downtown and airport duty free locations with the rise in sales reflecting a similar increase in international passenger traffic through…
China’s cross-border e-commerce market has shown a strong growth during the six-month period ending November 2015, according to research firm Mintel. Boosted by favourable government policies and an increasing Chinese propensity for foreign goods, many…
German sporting goods giant Adidas Group has revealed plans to open 3,000 new stores in China by 2020 as it looks to become the ‘best sports brand’ in the region. The company, which has around 9,000 stores in its second largest market, the vast majority of…
It was a quick decision for Wu Qiaoyun, 35, from Yunnan province, when she splashed out nearly 90,000 yuan (HK$107,000) on a new Peugeot 301 just before the Lunar New Year. As a new mother of a four-month-old baby girl she believed a car would be more…
HSBC Holdings efforts to scale up its retail and wealth management business in China got a major boost with the U.K.-based company receiving permission to start a credit card business in China’s $1 trillion market. The approval from the Chinese authorities…
In a collaboration with the Bruce Lee Foundation, a special tribute exhibition for the Kung Fu superstar marks the launch of the Swiss watch brand Hublot’s store at the high-end Shin Kong Place (SKP) shopping centre in Beijing. On display until March 6, the…
Scores of high-end cosmetics companies are setting up shop on Alibaba Group’s Tmall.com online marketplace as eCommerce continues to gain ground as a critical marketing and sales channel for reaching China’s increasingly sophisticated consumers. At the recent…
Within the next two years, China’s e-commerce market will top $1 trillion, making it bigger than the e-commerce markets of the US, UK, Japan, Germany, and France combined. Fuelled by greater internet and smartphone penetration, an expanding middle class with…
While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. According to a recent report from Forrester, total eCommerce revenue for China, Japan, South Korea, India and Australia is…
There will be no ‘hard landing’ for the Chinese economy, despite growth forecast cuts, according to Xu Shaoshi, the Head of China’s state planning agency, commenting on the draft outline of the 13th Five-Year Plan on national economy and social development at…
China’s economic planning agency said Saturday that it aims to realize around 10.5% growth in fixed-asset investment this year. Beijing had set a 15% growth target for fixed-asset investment in 2015, but actual growth came in slower at 10% as the world’s…
Toys’R’Us has announced that Monika Merz, president, Asia Pacific, will retire effective May 31. Her successor will be named later. As president of Toys’R’Us Asia Pacific, Merz oversees all operations and business activities for the company’s more than 300…
A modern shopping experience is promised in north-west China’s Xi’an city with the opening next month of a seven-level shopping centre, anchored by a Wangfujing Department Store. The joint development has been developed by Hong Kong-headquartered Taubman…
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