Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
DHL Express has completed the expansion of its Central Asia Hub or CAH in Hong Kong, which can now handle six times more shipment volume than when it was first established in 2004. The leading express operator has spent 562 million euros on the Hong Kong hub…
Fast food chain McDonald’s Corporation has agreed to acquire Carlyle’s 28 percent stake in the consortium that operates the McDonald’s business in Mainland China, Hong Kong and Macau. Through its equity affiliate Citic Capital, the Citic Consortium will…
Yum China, which operates the KFC and Pizza Hut chains in China, logged a 9 per cent year-on-year increase in revenues to US$2.91 billion for the third quarter ended September 30. The company’s system sales were up 15 per cent, with both KFC and Pizza Hut…
JD Logistics is strengthening its presence and operations in the Greater Bay Area with the expansion of its self-operated express delivery business in Hong Kong and Macau via JD Express. The enhanced delivery network will comprise several operations centres…
Pangasius exports to China in the first eight months of this year fell 28%to US$406 million, according to the Vietnam Association of Seafood Exporters and Producers. Since September Chinese demand for the fish has not increased much even as it has stepped up…
Vietnam’s auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand. But the figure for the period is still a 24% year-on-year drop, according to the Vietnam Automobile Manufacturers…
Vietnam’s industry ministry has launched an investigation that could lead to anti-dumping duties on wind towers originally from China, following a complaint by domestic producers, the government said on Saturday. Producers in Vietnam have claimed that dumping…
Urea prices have risen by 10% in September and 30% since July after China banned the export of the fertilizer to keep domestic prices under control. Petrovietnam Camau Fertilizer raised urea prices by 10% this month to VND11,200 per kilogram. Petrovietnam…
Australia wants a separate dialogue with China on their dispute over wine, the agriculture minister said on Sunday, rejecting Beijing’s proposal to link wine with other trade issues as the two nations slowly seek to improve battered relations. China’s removal…
China’s Shein has allocated an additional US$85 million over five years for its Global Community Empowerment Commitment. The fund will bring the company’s ESG roadmap pledge to $155 million, following the $70 million committed last April. The strategy, dubbed…
China’s ban on Japanese seafood due to fear of radioactive contamination has Vietnamese firms seeing opportunities to ship more products, but the gain has been marginal as Chinese demand drops. On August 24, China imposed a total ban on Japanese seafood…
Fake accounts on social media aren’t something new. Most likely, many of us have come across at least one fake account during our time on social media. Facebook reportedly holds the largest number of fake accounts compared to any other social network in the…
TH International Limited has set a goal to open 1,700 Popeyes eateries across China in the next decade, a source with direct knowledge of the matter said, after it relaunched the Cajun-inspired fast food chicken chain Popeyes in the country last Saturday. TH…
Specialty dairy company A2 Milk’s full-year profit is up by a third, driven by strong growth in its China section, despite challenging market conditions. Though it was expecting growth in the Chinese market to slow next year. Key numbers for the year ended…
Vietnam exported 757,600 tons of rubber for over US$1 billion to China in the first seven months of this year, accounting for 99.8% of its total rubber exports. Vietnam is China’s second largest rubber supplier after Thailand. Its shipments to China were up…
Pan Pacific International Holdings, the company that operates the Don Quijote discount chain, reported on Wednesday a net profit of 66.1 billion yen ($455 million) for the fiscal year ending June, hitting a record profit for the 14 consecutive year thanks to…
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