Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Luxury brand Burberry was hurt by lockdowns in its biggest market China and an abrupt reversal in fortunes in the Americas, limiting its first-quarter sales rise to 1 per cent. The British brand, known for its red, black and camel check and TB monogram, saw…
Lululemon is on track to make China its second-largest market by 2026 through an extensive store expansion in the country, according to China Daily. The athleisure apparel brand said it aims to increase its store number in the country – currently 71 – to 220…
Alibaba’s grocery store chain Freshippo is searching for to boost funds at a valuation of about $6 billion, a lot decrease than a hoped-for valuation of as much as $10 billion earlier this 12 months, three individuals accustomed to the matter informed…
China has imposed fines on technology giants Alibaba and Tencent, as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country’s market regulator, said on Sunday. The State Administration for…
Chinese media reports that Xiaomi has started producing smartphones in Vietnam have set off debates including expressions of disappointment and excitement in China. Xiaomi’s devices are made in Vietnam by DBG Technology, a subsidiary of Hong Kong’s DBG…
There might be something fishy about China’s ByteDance’s short-form video app TikTok’s data security practices after all, suggests a new Bloomberg report. Former US President Donald Trump deemed TikTok a security risk and tried to ban it. He wanted the parent…
Nestlé has added to its portfolio of health-focused assets with the acquisition of New Zealand business The Better Health Company. Financial terms were not disclosed. The Better Health Company (TBHC) is the company behind the supplement brand Go Healthy, as…
ZTE has signed an MOU (Memorandum of Understanding) on strategic cooperation with International Project Management Association (IPMA) Philippines in Manila. The strategic cooperation between IPMA Philippines and ZTE Philippines further recognizes ZTE’s mature…
China Broadnet has officially launched its services, joining China Mobile, China Telecom and China Unicom to become the country’s fourth mobile operator. The state-owned telecom operator launched its official website to debut 5G mobile phone services on 27…
H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Although it…
Australian government-backed industry body Wine Australia said on Tuesday that it will shut its office in Shanghai, as Australian wine imports into the Chinese market continue to slump after Beijing levied hefty tariffs on the product. It was Wine Australia’s…
U.S. electric vehicle maker Tesla sold 32,165 China-made vehicles in May, including 22,340 for export, the China Passenger Car Association (CPCA) said on Thursday. That compares with 1,152 vehicles sold and none exported in April. The Tesla factory halted…
Bandwidth-intensive 4K video, gaming and IPTV applications, coupled with emerging 5G and IoT services, spur unprecedented demand for higher bandwidth. According to the Global System for Mobile Communications Association (GSMA), the number of IoT connections…
Banana exports to China increased by 10 percent in the first five months though total vegetable and fruit exports to that country were down 28 percent. Vietnam was China’s largest supplier of bananas at 742,000 tons or 43 percent of its total imports,…
Vietnam’s vegetable and fruit exports to China fell 28 percent year-on-year to $625 million in the first four months as the major importer extended its zero Covid strategy. The plunge resulted in a 14 percent drop in total fruit and vegetable export value, as…
Nike is deactivating its Run Club app in China, becoming the latest Western company to reconfigure its business in the world’s second largest economy. The US sportswear giant posted a notice to runners in mainland China, saying the app will “cease service and…
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