Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Swiss bank UBS is strengthening its presence in China after receiving regulatory approval to acquire a local securities firm fully. UBS will acquire an additional 33 percent stake in UBS Securities from Beijing State-owned Assets Management Co., Ltd (BSAM),…
The Financial Times reported on Tuesday, citing two suppliers, that Costco Wholesale is pressuring mainland China suppliers to cut prices in response to US tariffs. This follows Beijing officials meeting with Walmart earlier this month to discuss media…
China’s retail sales growth quickened in January-February in a welcome sign for policymakers’ efforts to boost domestic consumption even as joblessness rose and factory output eased, underscoring the strains on an economy facing fresh US tariff pressure.…
China’s rapid deployment and adoption of 5G technology have positioned it as a global leader in the telecommunications sector. Central to this success is the country’s strategic approach to 5G pricing, which has facilitated widespread consumer uptake and…
Chinese AI app DeepSeek will not be available to download in South Korea pending a review of its handling of user data, Seoul authorities said Monday. DeepSeek’s R1 chatbot stunned investors and industry insiders with its ability to match the functions of its…
Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about US$158 million, giving it nearly total ownership of the business. The fast food chain operator said it would engage its advisors to…
Shein is offering its Chinese manufacturers temporary incentives to move some of their production to Vietnam in response to rising US tariffs. The incentives include up to a 30 percent increase in procurement prices and larger order guarantees. The move is…
China imported US$834 million worth of Vietnamese shrimp last year, surpassing the U.S. as the largest buyer of the seafood. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the figure marked an increase of 39% year over year.…
This milestone was achieved two months earlier than planned, following the completion of the ADC wet segment last November. In the past eight years, no new submarine cables have been operationalized in the Asia Pacific. This has led to a shortage of resources…
Australia has prohibited the use of DeepSeek on all government devices due to concerns about security risks posed by the Chinese artificial intelligence (AI) startup. The Secretary of the Department of Home Affairs has directed all government entities to stop…
Thailand expects its 609-km (378 miles) portion of a high-speed railway that will connect it with China through Laos to begin operations in 2030, its government said, nearly a decade later than originally planned. More than a third of construction has been…
Thailand has resumed exporting durians to China following a temporary ban due to the latter’s stricter requirement regarding Basic Yellow 2, a carcinogen. Itthi Sirilathayakorn, deputy minister of Thailand’s Ministry of Agriculture and Cooperatives, said…
Chinese lifestyle goods retailer Miniso Group Holding plans to raise US$550 million through a debt instrument to fund its oversea expansion. The seller of anything from household appliances to electronics and cosmetics will issue equity-linked securities…
Tam Group has been appointed as the General Sales and Service Agent (GSSA) for China Cargo Airlines in the Philippines, with this appointment being recognized as the third territory in which Tam Group has been assigned this role, following Malaysia and…
Japanese restaurant chain Pepper Lunch plans to open its first store in Mongolia next year, as part of its global expansion strategy. The brand has signed a franchise deal with local distributor Bluemon Group, making Mongolia its 17th country. “We signed a…
Chinese green kiwi is being sold at VND20,000 (US$0.79) per kilogram onwards by wholesalers in Vietnam, a third of the prices of imports from Australia and New Zealand. Australian and New Zealand wholesale prices start at VND60,000 and go up to VND120,000.…
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