Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
The two sides reaffirmed their close ties and commitment to strengthening supervisory cooperation. The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) made the commitment at their annual MAS-CBIRC…
The Italian luxury company joins a string of brands banning the extremely soft wool removed from live rabbits, under pressure from animal rights organizations and more environmentally conscious shoppers. Last month, People for the Ethical Treatment of Animals…
China’s top consumer protection organization has warned Canada Goose Holdings Inc against “bullying” customers in China with its return policies, just three months after the winterwear brand was fined for false advertising. The premium down jacket…
Tim Hortons China (Tims China) is ready to further expand its presence in the Chinese market by entering a strategic partnership with Metro China, a joint venture of Wumart and Metro. Under the terms of the partnership, Tims China will become the exclusive…
It seems that Apple has finally conquered China (again). According to new research by Counterpoint, the Cupertino brand saw the highest growth of all smartphone brands on the Chinese market, scoring 46% month-over-month growth. Apple surpassed Vivo in October…
China issued guidance on Tuesday to strengthen protection of employee rights and interests in new transport sectors. In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms and provide social insurance…
He relocates to Singapore from Sydney, where he spent four years as a senior manager, solution architecture, at Amazon Web Services (AWS). Standard Chartered has appointed technologist Brendan Royal as its global chief architect, according to a report on…
Chinese regulators extend their antitrust crackdown to the banking sector with a fine against shareholders of a virtual lender. The shareholders of Chinese virtual lender AliBank – China Citic Bank (70 percent) and a Baidu unit called Fujian Baidu Bo Rui…
According to the China Academy of Information and Communications (CAICT), China’s shipment of smartphones grew 30.6% year-on-year to 32.7 million handsets in October. This is a significant increase from a year ago, in October 2020, when shipments reached 25…
Double-digit sales growth in China, South Korea, and the Americas underpinned a 37-per-cent lift in first-half sales for luxury fashion group Burberry to US$1.63 billion. The lift reflected a recovery in-store sales as Covid-related lockdowns and trading…
Japanese retail giant, Muji, has forayed into the fresh food industry with the launch of a food complex in collaboration with JD’s Seven Fresh in Shanghai. Operated by both companies, the complex is located inside Ruihongtiandi shopping mall and spans 400sqm,…
China’s auto sales fell in October for a sixth consecutive month, slumping 9.4% from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production. Overall sales in the world’s biggest car market were…
As one of the largest and most popular fashion e-commerce platforms in Europe, MIINTO officially announced its launch in China on November 1, 2021. MIINTO was established in Denmark in 2009, and the online platform was officially launched in 2010. As one of…
Chinese self-driving startup Momenta has raised $500 million in a Series C funding. This round of funding comes after GM invested $300 million in the startup. This means now Momenta is valued at over $ billion. Momenta’s product portfolio includes advanced…
The pioneer of central bank digital currency, China recorded its first case of money laundering via the electronic yuan. Officials arrested 11 members of a criminal group in the Fujian province last week for allegedly laundering money using the country’s…
China’s biggest hot pot chain Haidilao is slowing its rollout of new restaurants and increasing diversification of its fare, tempering its rapid expansion during the coronavirus pandemic to cope with a subsequent slump in consumer spending. Haidilao, which…
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