Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Celebrated every Nov. 11, Singles Day is a tradition that dates back to 1993 which initially involved bachelors from Nanjing University who would like to go out, meet, and party with others. The celebration soon included single women and became a huge holiday…
Malaysia-listed leisure and hospitality group, Genting, best known for its resorts and casinos, is setting up Asia’s first regionally-based premium cruise brand. Within its Genting Hong Kong operation [one of five public companies] which was formerly called…
November 11 is a day of sombre reflection across much of the West, with Commonwealth nations observing Remembrance Day while Veterans’ Day is an official public holiday in the US. It’s a world away in China, though, where it’s Singles’ Day – an idea begun in…
Chinese drone maker DJI Technology Co is opening its largest retail store in Shenzhen, Guangdong province, later next month. The 800-square-meter store will give DJI, which claims to control about 70 percent of the global drone market, a boost in the retail…
Japanese trading house Itochu has formed a joint venture with Hong Kong based Novo Fashion Retail Group to ramp up the LeSportsac retail presence in Mainland China. Itochu signed an exclusive distribution agreement with Novo back in 2007 to supply LeSportsacs…
Singles Day spending tomorrow will undoubtedly shatter last year’s record spend of US$9.3 billion, predicts KPMG. November 11 is known in China as Singles’ Day, an annual one day event which sees online retailers slash prices of products and China’s shoppers…
US retail giant Walmart upholds a firm belief in the potential of Chinese economic growth, according to its Asia CEO Scott Price. Speaking at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, Price said that he expects that China will drive more than…
Dufry Asia sees huge growth opportunities in the Asia region despite the current softness in the Hong Kong, Macau and Singapore markets. In an interview with TRBusiness the CEO of Dufry Group, Julian Diaz, said the company plans to double its sales in Asia…
If you’re an Asian SME and a retailer and you are not pursuing an export strategy – you’re missing out, according to a study completed by FedEx. Small- to medium-size enterprises throughout Asia Pacific that export to overseas markets are twice as likely to…
China’s booming demand for baby formula had prompted dairy company a2 Milk Co to boost its earnings forecast for the 2016 financial year. The company, which operates in Australia and New Zealand, said the demand for its a2 Platinum infant formula was “growing…
Worldpay processed on average over 9,000 transactions per minute globally during China Singles Day 2015 with transactions peaking at 1,111 transactions per second during the day’s busiest sales period. The number of transactions Worldpay processed on Singles…
New regulations proposed by the Chinese government will deliver an immediate boost to state-ownedChina UnionPay, potentially forcing its smaller Chinese online payment agents out of business. The ‘Method of Network Payment Service Management for Third-Party…
US fashion label Ralph Lauren’s operating profit has tumbled almost 39 per cent year to date as it continues to restructure its operations. The latest quarterly numbers just released show a solid sequential improvement on the prior quarter, with the strength…
Dairy Farm International Holdings says softer sales growth and steep cost increases led to weakened margins in the third quarter. In an interim management statement, which does not include financial data, the Hong Kong-based pan-Asian retailer says the group…
Chile’s salmon joint venture New World Currents, comprised of Australis Seafoods, Blumar Seafoods, Pesquera Camanchaca and Cultivos Yadran, has met this year’s target to sell salmon to the Chinese market. In 2014, the venture already exceeded the expectations…
Jewelry.com announced that is has chosen VoyageOne, a pioneer in B2C “cross-border” ecommerce solutions and services, to help launch its direct-to-consumer online expansion plans for China. With over 14 years in the industry, Jewelry.com is one of the…
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