Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China has the highest adoption rate in the world for technology-enabled payment systems, the media reported on Thursday. In a survey of 13,000 respondents in 26 countries, 86% of Chinese respondents said they paid for online purchases during the past six…
The publisher of one of China’s most respected business magazines, Caixin, said today it was seeking new investors following reports e-commerce giant Alibaba plans to take a stake in the company as it looks to expand its media empire. Alibaba founder Jack Ma…
Hong Kong retail sales, which suffered their worst decline in 13 years last year, saw weak sentiment extending into January on slumping tourist arrivals, weak local consumption and a strong local currency. Retail sales in January slid 6.5 per cent from a year…
The world’s top brewer, Anheuser-Busch InBev, has agreed to sell SABMiller’s stake in China’s leading beer maker to the local partner for $1.6bn, as part of a mega-merger between the giants. China Resources Beer (Holdings) Co will buy the 49% stake in Snow…
China’s retail sector shines China is facing an economic downturn, but Chinese consumers are hopeful about its economy. According to Boston Consulting Group, China’s total retail sales are forecasted to grow by 50% to $6.5 trillion by 2020 with online…
DFS Group has announced its new Spring 2016 campaign tie up with three international influencers and global travellers to support and celebrate the launch of its new travel #mustpack concept – aimed at equipping travellers with the essentials ‘for wherever…
A court in southern China has jailed 24 people for fraudulently raising nearly 10 billion yuan ($1.5 billion) in one of the country’s biggest financial scams, the official Xinhua news agency said. The group was convicted of illegally raising funds during the…
Global duty-free retailing is expected to reach nearly US$98 billion in revenue by 2019, according to a new study by global technology research and advisory company Technavio. With the expansion of low-cost airlines, many middle-class travellers are taking…
Tom Tailor has launched its first online shop in China on the e-commerce platform JD.com, China’s largest online direct sales company. The launch marks another important milestone inTom Tailor’s expansion in China, following the opening of the firstTom Tailor…
Asia’s largest fast food player -Philippines-based Jollibee Foods, is seeking to take full control of China’s Happy Bee Foods Processing. The Manila company will buy an extra 30 per cent stake for US$10.4 million. Jollibee, which now has a 70 per cent stake…
Bolstered by more customers and orders, Chinese online discount retailer VIPshop Holdings (VIPS) has seen its net revenue grow by 65 per cent to RMB13.9 billion ($2.15 billion) in the latest quarter to December 31. During the period, its number of active…
A strong Hong Kong dollar and fewer tourists to Hong Kong and Macau hit profits for Hong Kong-listed fashion group Bossini International Holdings for the six months to December 31. Revenue dipped 13 per cent to HK$1146 million (US$147 million) from $1319…
Danish toy giant Lego A/S will open its largest retail store in the world near the Shanghai Disney Resort, the company said on Tuesday. The 1,000-square-meter store will be located on the main shopping street outside Disneyland, and will be operated by Lego.…
China this month became the fifth country where consumers can use smartphones to pay with Apple Pay, and Chinese shoppers quickly embraced the Apple Inc. payment system. In the first two days after the Feb. 18 launch, 3 million consumers linked their bank…
Watsons has kicked off an initiative for selling and delivering cosmetics and groceries as takeaway via Baidu Waimai (takeaway in Chinese). Expanding online to boost sales The initiative has been launched in Beijing, Shanghai and Guangzhou and will be…
Alibaba Group Holding Ltd. has sailed into headwinds in its plans to conquer China’s medical market by prescribing and selling drugs through an online platform. Chinese officials shut down a government-owned drug tracking system that was created and operated…
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