Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
IKEA does not expect a slowdown in demand for its products in its fastest-growing market, China, despite a sluggish economy, and the world’s biggest furniture retailer is sticking to investment plans for the country, its chief executive said. A faltering…
Alibaba’s AliPay has received a major boost in its quest to become a generally accepted payment system in the mainland. McDonald’s China has announced it will accept Alipay in more than 2100 restaurants. The launch will commence in Shanghai this month and…
The Hong Kong office is intended to help JD.com expand its local market presence and warehousing capabilities, enabling it to better engage with brands and retailers across Singapore and major Southeast Asian markets, who are looking to tap the online…
Fast Retailing Co. Chairman Tadashi Yanai said Walt Disney Co.’s new park in Shanghai will help his Uniqlo casual clothing brand expand in China, shrugging off concerns over an economic slowdown in the Japanese retailer’s largest overseas market. “The opening…
Hennes & Mautitz AB (H&M), Swedish multinational retail-clothing company, known for its fast-fashion clothing for men, women, teenagers and children plans to open an additional 240 new stores this year. In the third quarter, H&M opened 36 new stores, but in…
Uniqlo will open its Magic For All store on the fifth floor of the Uniqlo Shanghai Global Flagship store on Huai Hai Rd on September 27. It will be the first execution o fthe new partnership between the Japanese clothing brand and entertainment giant Walt…
Hong Kong’s Fung Group has unveiled a large-scale ‘lab’ in Shanghai where it is testing a raft of high tech concepts which could shape the future of retailing. Named Explorium, the laboratory is an omnichannel platform and exhibition operated by the Fung…
Convenience Retail Asia, the Hong Kong-listed operator of Circle K convenience stores and Saint Honore Cake Shops in Hong Kong, Macau and Guangdong province, has reported a 36.8 per cent decline in first half year profit. While sales increased 5.8 per cent in…
Gome Electrical has opened 117 stores in six months on its way to an 8.8 per cent increase in sales for the half year. Total sales revenue was RMB 31.69 billion and its consolidated gross profit margin was 17.7 per cent. The store network expansion program is…
Global design studio Benoy has been chosen to provide masterplan and architectural design services for a new mixed use development in Haitang Bay, Hainan. The project, Benoy’s first in the popular island tourist destination, is the new China International…
South Korean location-based coupon application provider YAP Company has launched a new app that provides Chinese tourists with various tourism-related information, including shopping and transportation. The app, dubbed Kayo, provides a selection of coupons…
Lao Feng Xiang, the Chinese jewellery brand few in the west have ever heard of, is planning to open 20 stores in Hong Kong. Lured by the prospect of cheaper rents in high profile locations as Hong Kong’s luxury sector enters a decline, Lao Feng Xiang sees the…
South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese tourists during a long-haul holiday season, pinning their hopes on making up for a summer slump in the wake of a viral respiratory illness,…
Chinese millennials – China’s new rich – are looking to spend double the Asia-Pacific average on luxury items in the next year. The millennials – those aged 18 to 29 – are already China’s biggest spenders on luxury goods in Asia Pacific, followed by those in…
Australian beauty subscription service and e-commerce platform, Bellabox, has confirmed its expansion into China in partnership with Australia Post’s Tmall store-front platform. The move is part of the beauty company’s growth strategy to become the dominant…
China’s share market plunge and currency devaluation have not resulted in Chinese shoppers cutting back their spending on luxury goods as had been feared, a top-ranked HSBC analyst said this week. Mr Erwan Rambourg, HSBC Global’s co-head of consumer and…
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