Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Economists have often said “when America sneezes, the world catches a cold” reflecting the importance of the US to the global economy. But the past 12 months suggest the world’s immune system is more sensitive to China’s sniffles than was previously thought.…
You know ecommerce is insanely huge and fully ingrained in daily life in China when the country’s second largest online store booked US$71.6 billion in purchases in the past year. That’s the figure revealed today by JD, the closest competitor to Alibaba, in…
Good news to all fashionitas out there! Premium lingerie brand Victoria’s Secret has announced that it will be launching its first full retail store in the mainland, offering its well-known bras and panties, its China-based office told China Daily. The firm…
Nineteen inbound China duty-free shops have opened to serve domestic travellers returning home. The state’s Ministry of Finance announced the stores have been built in 13 airports including Guangzhou Baiyun, Hangzhou Xiaoshan and Qingdao Liuting, as well as…
Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. plans to invest billions of euros in a retail and leisure development outside of Paris, Bloomberg reports, citing people familiar with the matter. Wang said at the University of Oxford on Tuesday that…
Lei Jun, CEO of the Beijing-based Xiaomi Corp, at the launch of Mi 5 smarthphone. ZHANG JIN/CHINA DAILY Smartphone maker Xiaomi Corp on Wednesday debuted its flagship handset and pledged to open 300 retail stores to fight against Huawei Technologies Co Ltd,…
In an earnings report on Thursday, the company’s China subsidiary reported that adjusted profit surged 66.9 percent in 2015. Imax China, the Hong Kong Stock Exchange-listed subsidiary of the Canadian giant-screen exhibitor, reported a robust year of growth in…
In some cases consumers will owe more tax, and in other cases less. Foreign online retailers and brands have benefited in recent years from China’s relaxed rules on purchases by Chinese consumers on overseas websites. China’s new rules on import duties and…
China’s Dalian Wanda Group Co. is planning to make big investments in France, sources said on Thursday. The Chinese entertainment and real-estate conglomerate is aggressively targeting foreign acquisitions in an attempt to continue business growth amid a…
During the Chinese Spring Festival, 6 million Chinese travelled overseas and spent a total of 90 billion ($13.8 billion) yuan on shopping. The products they purchased abroad included expensive luxury items, smart bidets, and electric rice cookers, but…
A combination of lower gas prices at the pump and the knock-on effects of slowing economic growth in China contributed to a global retail sales slowdown in 2015. But there is a bright spot in the gloom: eCommerce. Online sales are expanding faster than…
China Jo-Jo Drugstores, the US listed, China-based multichannel pharmaceutical and healthcare retailer, says customers are embracing Tencent’s WeChat and Alibaba’s Alipay to buy its goods from mobile phones. In the third quarter, Alipay mobile transactions…
South Korea’s apparel brand Eland recently signed an agreement with China’s Wanda Group to establish a tourism joint venture in South Korea. This is reportedly the first cooperating result of the two parties since they signed their leisure industry investment…
The Chinese e-commerce giant acquired eight companies and invested in 15 overseas businesses in 2015. Alibaba Group Holding Ltd. is not just an e-commerce company that can create $14 billion in online sales in 24 hours. With near-constant investments, the…
A strategic plan is starting to yield results for Esprit, which is buoyant in its outlook despite a first-half loss weighted on by weakened demand in China. Net loss for the Hong Kong-listed fashion retailer amounted to HKD238m (£22m) for the six months to 31…
Chinese New Year sales for the Chow Tai Fook Jewellery Group took a dive in Mainland China, Hong Kong and Macau. Unaudited figures for the period, from January 25 to February 14, show the value of retail sales dropped 30 per cent in China and 23 per cent in…
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