Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Retailers globally stand to benefit from a new alliance making its easier for Chinese to shop with their UnionPay cards. Transaction Network Services (TNS) has launched a new global card scheme gateway which will enable merchants and banks to quickly and…
US fast food giant Yum! Brands has opened a luxury restaurant overlooking Shanghai’s Bund to test menu concepts on locals. Atto Primo, complete with its Italian name, is as far from the fast fried chicken concept of KFC or Pizza Hut as you could possibly get.…
Listed Hong Kong property developer The Wharf Holdings has two IFS malls under construction in fast-growing Chinese cities. The new malls are all located in high profile commercial developments and/or linked to metro lines, ensuring high footfalls. Changsha…
French designer Sandro Paris is planning to make greater China a key retail market. To date, the Paris-based company has store in France, the UK and the US. But it is attracted to China by the growing desire amongst Chinese consumers for foreign brands and…
CapitaLand is to expand its Capistar loyalty scheme into three more nations as the program’s membership surpasses 1.5 million. CapitaLand properties in Malaysia, Japan and India will be included by the end of this year. The Capitastar loyalty scheme is now…
JD.com, China’s largest online direct sales company, has appointed former Yahoo! executive Chen Zhang as senior VP. Zhang will head research & development for JD Mall, reporting to Haoyu Shen, JD Mall’s CEO. Zhang has been recruited to oversee JD Mall’s R&D…
US furniture designer, manufacturer and distributor Nova LifeStyle sees China as a key growth market as it feels a pinch in Europe. The company finished 2014 recording a 26 per cent year-on-year increase in net sales to US$98.7 million, with growth was…
Chinese eCommerce company JD.com, has unveiled a series of initiatives to help finance, develop and promote the creation of start-ups in China. The new JD Equity Crowdfunding platform, which builds upon JD.com’s success in internet finance, is expected to be…
Johnny Rockets has signed the largest development deal in its history: for 100 restaurants in China. Johnny Rockets has entered into a partnership with a joint venture between AUM Hospitality and its parent Parkson Retail Group. The first restaurant will open…
L’OREAL, the world’s largest cosmetics group, said growth in China slowed to 7.7 percent last year from that of 10.2 percent in 2013, as consumption growth slowed in China and globally. The French company’s total sales in China were 14.3 billion yuan (US$2.28…
Tesco China has been blamed for dragging China Resources Enterprise into the red. CRE, which operates the Vanguard hypermarket chain in China, has reported its first annual loss in more than 20 years and blames the start-up costs for its venture with…
The unprecedented growth in the number of Buddhists on the Chinese mainland over the last 30 years has spurred strong demand for related merchandise. With China’s Buddhist population traditionally concentrated in the southern regions, the country’s first…
Chinese watch retailer and wholesaler Hengdeli Holdings is to expand into the mid market as it mainland China business grows. Hong Kong-listed Hengdeli specialises in high end watch retailing in mainland China, Hong Kong and Taiwan and has relationships with…
UnionPay International, a unit of China UnionPay Co Ltd, said on Friday that it launched a new privilege program featuring special discounts at 80 duty free shops in 70 airports by partnering with 16 world-renowned duty free groups. Holders of UnionPay cards…
Shenzhen-headquartered Rainbow Department Stores is continuing to expand despite falling profit in 2014. According to stock exchange filings, Rainbow increased sales last year by 6.02 per cent to RMB 16.998 billion (US$2.7 billion). But its profit fell 11.84…
Chinese travellers are poised to become the biggest global spenders at McArthurGlen designer outlets in Europe. Fashion-conscious travellers from China and across Asia are spending big at McArthurGlen’s 20 Designer Outlet centres located across Europe, with…
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