Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
General Motors Co. said Thursday that the company and its joint ventures sold a record 327,037 vehicles to retail customers in October in China, aided by a government program that has cut taxes on some vehicle purchases. The automaker said its sales were up…
Investors sweetened towards shares in Yum Brands, the owner of KFC, Pizza Hut and Taco Bell, after the company reported stronger-than-expected October same-store sales growth in China. The Louisville, Kentucky-based company said same-store sales, a key…
Chinese shoppers now account for 31 per cent of the world’s annual luxury sales. According to Bain & Company’s 2015 Worldwide Luxury Report, the overall luxury industry will surpass €1 trillion in retail sales value in 2015. The market delivered healthy…
Two Hong Kong companies have formed a joint venture to secure the rights from US cinema giant Lionsgate to create a Hunger Games theme park in Zhuhai. The companies are now planning a themed destination which would include amusement attractions, retailing and…
China’s second largest online retailer, JD.com, has lodged a formal complaint with Chinese regulators, alleging its larger rival Alibaba is attempting to restrict competition. China’s competition regulator, the State Administration for Industry and Commerce…
Crocodile Garments’ profit has plunged as the apparel retailer was caught in “the centre of whipsaw’’ in Hong Kong and a depressed Mainland China market. Revenue in the year to July 31 fell from HK$502 million in 2014 to $405 million this year; gross profit…
Chinese search engine Baidu is experiencing rapid growth as more and more Chinese shop online. Releasing its September quarter sales results, the US Nasdaq-listed business says Online to Offline is driving a massive growth in mobile users, gross merchandise…
Joy City Property has scooped two honours in the ICSC China Shopping Centre Awards at the 2015 Recon Asia-Pacific convention. Yantai Joy City’s new media marketing campaign, New Year Red Packets won a gold award in the Emerging Digital Technology category,…
China’s Singles Day – 11.11.2015 – the biggest shopping festival in the world, will no doubt once again break international eCommerce records this Wednesday. But while watching numbers tick astronomically higher is exciting, retailers should be paying…
Christian Pillsbury has left DFS Group where he headed up DFS Group’s international wine business in Hong Kong to join Coravin Inc., the maker of Coravin Wine Systems as Director of Sales, Asia Pacific with immediate effect. According to a statement by…
Chinese lawmakers have been urged to tighten controls on online trade after a report suggested counterfeit and low quality goods accounted for just over 40 per cent of sales. The report on the implementation of the latest iteration of the Law on the…
L’Oréal has released its nine-months sales results pointing to strengthened growth in the North American Consumer Products Division; maintained growth in Western Europe; a temporary third quarter slowdown for L’Oréal Luxe in Asia; strong e-commerce sales…
The Asia Pacific region is experiencing a slowdown in the luxury retail sector, but new emerging trends are set to provide the retail sector with a solid new stimulus for demand in the coming years, according to the CBRE’s special report, ‘The Future of…
There are just days to go before Alibaba Group holds its 11.11 Global Shopping Festival. Merchants are laying on stock and pre-packing popular products to ready them for shipment. Delivery companies are training hundreds of thousands of temporary workers…
Health appliance retailer Osim says its core business is helping it maintain stable gross margins in a retail market it described as “soft” throughout the region. Osim’s core is its 546-strong chain of Osim branded stores in 23 countries, which sell…
As Chinese consumers continue to upgrade their diets with food ordered online directly from international outlets, Tmall.com is gearing up for this year’s 11.11 Global Shopping Festival by offering a wider assortment of international food and beverages for…
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