Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
For the three months to December 31, 2015, sales at Alibaba Group Holding Limited soared 32 per cent year over year to RMB 34,543 million or $5,333 million. Of this, in the fourth quarter of 2015, China retail marketplace revenue totaled RMB 28,714 million or…
Xiaomi is keen on applying for a single-brand retail licence in India and will take a final call on the matter in a couple of weeks after more consultations as the Chinese company strives to deepen its presence in the world’s fastest-growing smartphone…
Alibaba Group lost about a third of its value in the last year mainly because it is “deemed as a China proxy due to its size and high profile,” according to Nomura Securities in a new China Internet anchor report. But Alibaba is by no means Bank of China.…
Kipling has introduced an Asia exclusive collection, which celebrates individual style with ‘optimism and functionality’ and has been specially designed for the Chinese Zodiac’s Year of the Monkey. The monkey plays a key role in the Kipling accessories, as it…
The travel retail industry is ‘among the most concerned’ with addressing the huge shift toward ‘unrivalled consumer engagement and sales growth through mobile devices’ within China during 2015, according to the European conference organisers of China Connect.…
Since launching in China last Summer Rotary has opened 24 Rotary shop in shops strengthening the brands presence in the market. The 107 sq ft boutique complete with tailor made fixtures and fittings, Rotary’s full range is displayed in the Poly shopping Mall…
As Chinese luxury spending decreased in China, yet rose globally last year, luxury retailers are hitting the brakes on brick-and-mortar store expansion for 2016. According to a report on retail in China published this month by UBS, wariness toward store…
Tour groups from mainland China to Hong Kong could shrink by two-thirds in the first half of this year, dealing another blow to retailers and an economy facing pressure from slowing growth in China. China accounts for almost three-quarters of all visitors to…
Mainland Chinese shoppers increased their spending on luxury goods overseas by 10 per cent last year according to new research from Bain & Company. The increase comes as a surprise given the significant slowdown in China’s economic growth, the much-publicised…
Dentsu Aegis Network China today announced a strategic partnership with UnionPay Smart, a China UnionPay company specializing in big data applications. Combining the existing big data analytics of UnionPay Smart, with advertising and user browsing behavioral…
As more people start using their smartphones or the internet to order food, China’s eCommerce leaders are in a battle for supremacy. Now a food-delivery startup backed by Tencent Holdings, Ele.me, is planning a fast funding round of at least $1.25 billion, in…
Chinese-bases automotive company PT SAIC General Motor Wuling (SGMW) is preparing investment of US$700 million or around RP9.7 trillion to open up business in Indonesia. PT SGMW Motor Indonesia President Feiyun said the company is building its first factory…
China’s total retail consumption will jump 50 per cent to $6.5 trillion by 2020, with online transactions accounting for half of that growth, according to new research. Seventy per cent of those e-tail purchases will be conducted via mobile devices. Over that…
No one really trusts China’s official statistics. In the past ten days since the government announced the economy grew at the much-slower-but-still-solid pace of 6.9 per cent last year, a roll-up of economists and money managers have been putting forward…
China’s slowing economy has claimed another victim, as Hang Lung Properties reported on Thursday a 56% fall in 2015 net profit from a year ago. The property developer said its net income declined to 5.09 billion Hong Kong dollars ($653 million) for the…
Alibaba reported consumers bought 964 billion yuan ($149 billion) worth of goods on its Chinese online marketplaces in the quarter ended Dec. 31, an increase of 23% from the gross merchandise value, or GMV, of sales in the same quarter of 2014. Shoppers made…
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