Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Taiwan’s Foxconn Technology Group, the world’s biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber. Foxconn, whose flagship listed…
Chinese internet giant Alibaba.com has enhanced its vetting of suppliers to boost confidence with its online customers. The company says it is adding new features to service designed to reassure buyers – many of them retailers in North America and Europe –…
Zhongzhi Pharmaceutical Holdings, which operates a network of pharmacies in the Guangdong province of China, has reported strong sales and earnings growth. Zhongzhi develops, manufactures and sells Chinese patent medicines, herbal remedies and food products…
Jeweller Chow Sang Sang has reported a 12 per cent slump in same store sales in Hong Kong and Macau during the first half of this year. But the company’s total sales slipped just one per cent and its profit rose 40 per cent during the six months, due to its…
The founder of the K11 mall concept which debuted in Hong Kong and then was replicated in Shanghai is now planning 17 more centres in Mainland China. Chinese billionaire Adrian Cheng founded the nonprofit K11 Art Foundation in 2010, and subsequently opened…
US burger chain Johnny Rockets says Southeast Asia – particularly Vietnam and Thailand – will be the focus of its global expansion in the short term. Based on Johnny Rockets’ “all-ages appeal and current success in the region” the company is seeking area…
French luxury furniture retailer Roche Bobois is to open its first store in Hong Kong. The store will be the company’s eighth in Greater China and comes soon after the brand’s debut in the southern Chinese city of Chongqing. The new showroom will open in…
British footwear brand Clarks says it sees Asia Pacific growth as a “a key strategic focus” for the company. The 190 year old, £1.5 billion business, plans to open 100 stores in the region in the next 12 months. “As we celebrate a significant birthday, we are…
Jumei, the Chinese online retailer, says its sales rose 99.5 per cent in the second quarter to June 30. The e-tailer achieved net revenues of US$308.1 million and its GMV rose by 30 per cent to $376 million as its customer base grew 28 per cent and orders by…
The China grocery boom is accelerating – but India and the so-called MINT countries are chasing. Chinese grocery sales are set to grow by a third between now and 2020 and reach US$1.5 trillion per year, according to new forecasts from IGD. While China will…
US fashion brand Coach has opened a new flagship in Kowloon. Coach Canton Rd is the company’s second flagship store in the territory and gives it one superstore on either side of the harbour; the other one is located in Central. The new 4000 sqft flagship…
South Korean retailer E-Land has sealed a deal to launch Coffee Bean China by the end of 2015. The California-headquartered cafe chain, also known by its full name Coffee Bean & Tea Leaf, says China will be its 28th international market. The China joint…
London jeweller Carat* has opened a new boutique in IFC Mall in Central. The store is one of two opened in Greater China in recent weeks – the other being inside IFC Mall in Shanghai. Founded by Englishman Scott Thompson in 2003, Carat* describes itself as…
Luxury duty free and travel retailer, DFS Group, has opened pop-up stores in Hong Kong for the K-beauty brand Hera which the latter is using as a testbed for the global market. The T Galleria by DFS on Canton Road houses four pop-ups, with a launch in early…
Spending by Russian and Chinese tourists traveling to the UAE has declined recently and it is hurting not just the luxury shops in Dubai’s sprawling malls but other businesses as well. Nasir Mansoor, who manages vehicle rental service company Fast Rent A Car…
Fall in the number of tourists and depreciation in RMB has led to a slight increase in Hong Kong’s unemployment figures. According to the latest labour force statistics released by Census and Statistics Department yesterday, the city-stat’s unemployment rate…
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