Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Italian Prada Group‘s 2015 turnover dropped ever so slightly, blaming it on the lousy economic state China is in. The country is an important market for plenty of luxury brands, although the expensive dollar also had a negative effect. Strong growth in home…
New research says almost half of the UK’s top online retailers are failing to capitalize on China’s burgeoning e-commerce market. E-commerce service provider Global-e reports that British companies are significantly missing out on a marketplace that’ll be…
The southern resort island of Jeju showed the highest rate of growth in productivity in the service sector and retail sales last year. Jeju’s service sector productivity rose 6.7 percent in the fourth quarter of 2015 compared to the same quarter the previous…
High operating costs – particularly rents and labor in Asia – will ensure retailers are more cautious this year, concludes real estate specialist CBRE. In its annual Asian retail outlook, the company’s research department predicts many retailers will shift…
Fortune seems to have favoured Macau over Hong Kong during last week’s Spring Festival. But both territories suffered from the ongoing change in Mainland Chinese travel habits. Data from the Macau Government Tourism Office showed 548,536 tourists arrived in…
While its physical stores and wholesale revenues slipped, pharmacy retailer China Jo-Jo Drugstores recorded an increase of about 96.7 per cent in its online revenues during the third quarter ended December 31. Through its own retail stores (59 in Zhejiang…
Beijing should not wait for the market to stabilise to launch the Shenzhen-Hong Kong stock connect scheme and should introduce it as soon as possible to help attract more capital inflow to the mainland China. Hong Kong Exchanges and Clearing chairman Chow…
China’s retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box-office sales, the country’s Ministry of Commerce said in a statement Saturday. Retail sales and…
Tensions between Japan and China are not confined to remote islands and historical disputes it seems – now an unlikely activity is causing tension between the two Asian powerhouses. Shopping. Japanese police are reportedly receiving increasing numbers of…
China’s trade slumped in January due to weak global demand and holiday effects, casting new shadow over the outlook of the world’s second-largest economy, data from the General Administration of Customs showed yesterday. Exports shrank 6.6 percent from a year…
China’s central bank governor said there was no basis for continued depreciation of the yuan as the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview…
The gloomy Chinese economy has shown a sign of stabilization during “Monkey,” the lunar New Year celebrations as retail sales have surged, suggesting an improvement in domestic demand. During spring festival last week, China’s retail sales recorded 11.2%…
It’s no secret that electric-car maker Tesla Motors is ramping up its efforts in China. Despite some initial challenges in the country when the company launched in the market in 2014, it still believes China could be one of its largest vehicle markets “within…
PVH Corp, the parent of the Tommy Hilfiger brand, is to take full control of its China business. PVH, together with funds advised by Apax Partners, will acquire the 55 per cent interest in TH Asia Ltd, their joint venture for Tommy Hilfiger China, which PVH…
The time-honored traditional Chinese medicine brand Tong Ren Tang says it accelerated its overseas expansion and opened nine new stores in the overseas market in 2015. In reporting the company’s results for last year, the company says it has developed 31…
Apple Inc’s Apple Pay mobile payment system will be available in China from February 18 for Industrial and Commercial Bank of China Ltd (ICBC) customers, bank representatives said in social media posts on Tuesday. The technology giant had previously said the…
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