Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Luxury fashion brand Valentino has opened a new boutique in Shanghai. The new Valentino Shanghai IFC Mall boutique features 490 sqm of retail space. It was developed by creative directors, Maria Grazia Chiuri and Pierpaolo Piccioli, together with British…
Hit by falling sales in the tourist downturn, Hong Kong beauty retailer Sa Sa plans new store concepts and diversification to restore growth. Reporting a 10.6 per cent decline in sales to HK$3.778 billion in the first half of the current year, and a 55 per…
Chinese telecommunications equipment maker is extending its reach to Southeast Asia’s retails sector. Huawei has launched its first experience store at the SM Mall in Manila. This new experience store represents another major step of the overseas market…
Malaysia-based low cost carrier AirAsia Berhad plans to launch its latest direct flight between tier-two Chinese city Guangzhou and Langkawi, Malaysia at the end of January 2016. The choice of tourist destination Langkawi for the group’s latest international…
15 million consumers have posted reviews to Red, which has sold $110 million worth of products in its first six months. Nearly 600 million Chinese consumers connect to the Internet via mobile devices, and many of them are part of China’s emerging middle class…
Fashion retailer Bauhaus has reported a net loss of HK$26.6 million for the first half year after sales tumbled in key markets. In Taiwan, where it has 95 stores and counters, stagnant retail sentiment and weak consumption presented great challenges, with…
Korean coffee franchise Coffine Gurunaru is to open one of its largest stores in Hainan, China in the first stage of a planned China rollout. The new store is in the middle of Lan Kwal Fong St, the main street of Hainan, and is described as “exceptionally…
Jumei International, the Chinese online retailer of beauty products, has reported a sales increases of 99.9 per cent – but it still posted a quarterly operating loss. In the quarter to September 30, net revenue reached RMB1.9 billion (US$305.5 million). Total…
China’s Alibaba has announced two venture funds to help entrepreneurs with projects who can leverage the resources of Alibaba’s ecosystem. A HK$1 billion (US$130 million) venture fund – named Entrepreneurs Fund for Hong Kong – will be managed by venture…
Dangdang, a Chinese online retail giant, is eyeing to open 1,000 real-world bookstores within three years. The ambitious plan is contrary with the recent trend in which everything moves to go online. With the advent of online bookshops, several traditional…
Many investors are unfamiliar with the Chow Tai Fook Jewellery Group, but it is in fact the world’s largest publicly traded jewelry chain. The company reported its first half profit for 2015 plunged 42 percent due to weak demand in Hong Kong and Macau and an…
Luxury phone brand Vertu says its new Hong Kong investor will allow the brand to embark on its next growth phase – into Mainland China. Vertu will continue to operate its global business from its UK Headquarters with new partner, Godin Holdings, a Hong Kong…
Nasdaq-listed Chinese supermarket chain QKL Stores says its revenue fell four per cent in the last quarter, its profit by 4.5 per cent. “Our third quarter results generally met our levels of expectation,” said Zhuangyi Wang, chairman and CEO. “The variety,…
Jacob Delafon, a leading French fashion bathroom brand, has launched its brand in China and opened its first store there. The new Jacob Delafon China showroom opened on Tuesday, November 17 in Shanghai. Bruno Chenesseau, kitchen & bath design director of…
Listed slimming and beauty services chain Perfect Shape plans more stores as demand soars in Greater China. Perfect Shape provides slimming and beauty services and sells slimming and beauty products in Hong Kong, the Mainland and Macau. The company provides…
JD.com, China’s second largest eCommerce player, has reported a 76 per cent increase in core GMV sales in the third quarter to RMB111.0 billion (US$17.5 billion). Excluding Paipai.com – which the company is closing down by the end of this year – unique…
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