Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Hong Kong will reopen its borders with Mainland China by mid-January, city chief executive John Lee said, as Beijing accelerates the unwinding of stringent Covid-19 rules that have battered economic growth. Lee, speaking at a press event at the airport in…
Vietnamese exports to China will no longer be subject to Covid testing from January 8th, the Ministry of Industry and Trade has announced. The ministry urged localities and businesses to update goods clearance processes at border gates in order to streamline…
Asian markets rose on Tuesday after China said it would end quarantine for arrivals, spurring hopes for the revival of the world’s second-largest economy and boosting oil which continued its upward surge on fears of Russian production cuts. China has abruptly…
Located in the “prime location” of the Ion Orchard shopping center, the new store features an enhanced shopping experience “so that consumers can enjoy Desigual from a new perspective,” as stated by the brand. Over this fiscal year, the company has redesigned…
Mixue, a Chinese tea-based beverages brand that is set to list on the main board of the Shenzhen Stock Exchange, has recently entered the South Korean and Japanese markets. In the beginning of November, an account named “MIXUE.Japa” became active on…
The company said that Japanese eyeglasses seller Aigan will leave the Chinese market as the impact of the coronavirus dims its hopes for turning a profit. Already weak earnings in China have been squeezed further by coronavirus-related disruptions that forced…
Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand as it aims to expand further into lifestyle offerings to affluent Chinese clients. The appointment-only showroom,…
China’s JD.com said on Tuesday it would cut the salaries of more than 2,000 senior managers by 10% to 20% next year to help pay for improved benefits for other staff amid the government’s “common prosperity” drive to reduce income inequality. Liu also plans…
The operator of Canadian coffee chain Tim Hortons in China said on Thursday it had forged a two-year partnership with Alibaba Group’s grocery chain that will see the two launch co-branded products. Freshippo will begin sales next month at its stores, of which…
Plum, a used luxury fashion e-commerce platform, announced on November 1 that it had completed a C round of financing worth $100 million. In this round, Zhuanzhuan, a Tencent-backed leading used goods trading marketplace in China, made the strategic…
Electric vehicle giant Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market, two people with knowledge of the matter said. Tesla shut the showroom in Beijing’s…
President Xi Jinping’s report to the 20th Communist Party congress hints at more tax and regulatory measures aimed at reducing wealth disparities. In the last two decades, the Swiss wealth management sector has been forced to directly confront and contend…
The online store features the brand’s new autumn/winter 22 collection, as well as the core women’s, men’s, active and loungewear collections. Creative Director Liisa Kessler’s first collection for Filippa K, the spring/summer 23 pre-collection, will be…
Chinese retailer MINISO unveiled a new “$2 Plus” concept at the re-opening of its Vaughan Mills store in the Greater Toronto Area. The concept reflects MINISO’s aim to provide shoppers with a unique in-store experience while offering excellent value,…
Apple has added four new suppliers in Vietnam for the 2021 financial year, bringing the total to 25 out of its 190 suppliers worldwide. The most popular Apple suppliers in Vietnam include Foxconn and Luxshare and subsidiaries of Samsung, Intel and LG. The…
Apple is trying to diversify its supply chain away from China on rolling pandemic lockdowns there, as well as geopolitical headwinds between US and China, on one hand, or China and Taiwan, on the other, as that’s where the headquarters of its main assembler…
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