Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Nearly half of consumers in China who took part in a new survey shop with digital wallets. Overall, the study shows that digital wallets are the fastest-growing payment technology in the region, with one in five of those surveyed using the technology.…
Two big U.K. banks’ shares tanked over the past couple of days, and unlike the British pound, they’re not weakening because of the so-called “Brexit” referendum — although that certainly doesn’t help. Instead, their fall may have a lot to do with the market…
China’s consumption will grow at a quick pace in 2016, the country’s Minister of Commerce Gao Hucheng assured investors Tuesday, while tackling issues such as impact of yuan devaluation, building more free trade zones and the U.S.-led Trans-Pacific…
Prada Asia is the Italian luxury label’s achilles heel with the company reporting a 16 per cent decrease in sales in the region in the year to January 31. “The economic situation of the Chinese market remains negative although there was some improvement in…
Chinese consumers have long enjoyed the annual ritual of shopping in the run-up to Spring Festival in January or February, and now e-commerce is beckoning shoppers worldwide to share in the fun. Elena Zhang, sales manager of Xi’an Silk Road Crafts Co, said…
On the back of strong growth in household income and wealth, retail spending has been one of the few shining lights for the Chinese economy of late. The pace of growth, no matter what method used to measure it, has been phenomenal since the turn of the…
Given the still significant price gap between high-end goods inside and outside of China, parallel imports are big business. The key players in this grey market are cross-border traders known in Chinese as daigou, and they sometimes double-deal in genuine…
An asset management company backed by property projects has defaulted on wealth management products worth 1.9 billion yuan (HK$2.27 billion), affecting more than 5,000 retail investors across mainland China and triggering more concerns about its property and…
While sales surrounding China’s Lunar New Year gave some retailers reason to celebrate, that was not the case for all of them. As a result, the stock value of a number of jewelry and cosmetics retailers in the country dropped yesterday. Analysts told the…
BitMEX (Bitcoin Mercantile Exchange) has announced this week they are launching the world’s first bitcoin denominated futures contract on a Chinese A Share index. The new instrument from the bitcoin derivatives focused venue allows cryptocurrency investors to…
Citi upgraded its bond call on the Jaguar Land Rover unit of Tata Motors after Tata reported earnings last week. Tata stock, down 25% so far this year, is off by 54% over 12 months, prompting Goldman Sachs to close its sell rating on Tata Motors equity…
Build-A-Bear Workshop has recorded its third consecutive year of increased profit. CEO Sharon Price John has attributed the ongoing improvement in the once-challenged children’s experiential workshop concept to initiatives including store remodelling in the…
Globally the beauty industry is growing, despite regional market challenges. “Unfortunately,” observes Neil Saunders, CEO of retail analyst Conlumino, “it’s not growth that Avon is currently benefiting from.” At the core of the brand’s troubles are Asia and…
Apple was granted four design patents yesterday in Hong Kong China covering the Apple Watch Sport’s retail packaging & a connector with an on-off switch at the top as noted in our cover graphic. Unlike “patent applications,” design patents published by the…
Luxury Italian brand Furla is planning more flagship stores in Asia as the region delivers strong growth for the 89-year-old family-owned company. In an exclusive interview with Inside Retail Asia, Furla CEO Eraldo Poletto explains how the company has bucked…
With an optimistic plan to take on entrenched Chinese mobile payment rivals, Apple Pay made its move into mainland China on Thursday this week in hopes of making the country its biggest market. While some experts doubt the prospects of Apple’s high-tech…
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