Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
La Liga football league champions Atletico Madrid are set to cash in on growing Chinese fascination of European football by opening a retail store network in China. Atletico Madrid will open 200 retail outlets in China, according to Chinese news agency…
The Chinese remain the world’s biggest spenders on tax free shopping according to new rankings released by Global Blue. Travellers originating from China spent 18 per cent more in 2014 than the previous year, extended their lead over Russians whose spending…
LVMH Moët Hennessy Louis Vuitton SA said on Tuesday that US consumers helped drive revenue gains last year, offsetting continued sluggish sales in China. Lees ook: Sears Opens Multiple New Stores Lees ook: Mobitel launches LTE on 900-MHz spectrum Lees ook:…
China’s online advertising revenues rose 40 per cent last year – to a record 154 billion Yuan. (US$24.6 billion), according to iResearch Consulting Group. The strong rise occurred despite slowing economic growth and subdued consumer spending. But it did come…
Property developer Dalian Wanda, owned by China’s second richest man Wang Jianlin, plans to close 10 malls across the country and redesign another 25 to cut retail space, China Business Newsreported last month. Zong Qinghou, China’s fifth richest man with a…
Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor supplier, and its shares…
After years of tepid growth, sales at several Australian vitamins, minerals, and supplements companies suddenly shot up by 20, 30, or even 40 per cent in 2015. For those who know what happened in China in 2014, the source of this growth probably isn’t a big…
The head of China’s commerce regulator met with Alibaba’s chairman Ma Yun on Friday to exchange opinions on joint efforts to fight fake products. During the meeting, Zhang Mao, minister of the State Administration for Industry and Commerce (SAIC), reaffirmed…
Apple Inc, which just became China’s number one smartphone vendor, expects to open stores in another five cities based on advertisements that it placed for retail staff. It is hiring staff for its stores in Guangzhou, Shenyang, Tianjin, Nanjing and Dalian,…
Apple Inc has taken the number one luxury gifting spot in China from designer goods maker Hermes International SCA, according to a Hurun luxury report on Thursday, reflecting the iPhone maker’s recent hot streak in the country. The US tech firm’s focus on…
CEO of CapitaRetail China Trust Management Limited (CRCT), Tony Tan said the growth was underpinned by the new contribution from CapitaMall Grand Canyon and rental growth from the other multi-tenanted malls. “Rental reversion was a robust 20.6 per cent, and…
Chinese eCommerce giant Alibabahas reported a 40 per cent increase in sales in the quarter to December. But its net profit for the period plunged 28 per cent to $US964 million impacted by a one off charge and higher taxes. Based in Hangzhou, Alibaba owns…
Kate Spade is to buy out its Chinese joint venture partner in favour of a new partnership with Lane Crawford Group. Walton Brown, the brand wholesaling and retailing subsidiary of Hong Kong-based department store operator Lane Crawford, will team with Kate…
Malaysia’s Parkson has entered into a joint venture to develop a food retailing business in China as it transforms its department store portfolio into lifestyle centres. The company’s wholly-owned subsidiary Grand Parkson has teamed with fellow Malaysian…
Chinese e-commerce giant Alibaba will take a majority stake in AdChina, which calls itself China’s leading digital marketing platform, to develop online and mobile marketing, the internet powerhouse says. Alibaba had made a strategic investment in AdChina, it…
Apple is expected to say this week that it has sold more iPhones in China than on its home turf in the US for the first time last year, highlighting the shifting power balance of the smartphone market. Analysts estimate that the US tech group reached the…
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