Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Yum China Holdings announced the opening of its Digital R&D Center with three sites in Shanghai, Nanjing, and Xi’an. The inauguration of the Digital R&D Center represents an important milestone for the Company’s strategy to build a dynamic digital ecosystem…
DBS and OCBC have announced partnerships as part of the cross-border wealth management scheme between Hong Kong and China. DBS Bank (Hong Kong) will be working with the Postal Savings Bank of China (PSBC), while OCBC Wing Hang Bank, OCBC’s Hong Kong…
Microsoft’s professional social network, LinkedIn is exiting China by the end of the year. LinkedIn attributed its decision to harsher internet censorship imposed by the Chinese government. “While we’ve found success in helping Chinese members find jobs and…
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…
China released economic data for July that showed slower-than-expected growth as the world’s second-largest economy battled floods and a resurgence of Covid-19. The slowdown was particularly apparent in individual Chinese consumer spending, despite…
31 years ago, McDonald’s opened its first store in China on the 8th of October. 31 years later, the fast-food industry giant announced the opening of a new China headquarters building in Shanghai’s West Bund. It will be home to the company’s over 600 HQ-based…
The governor of the country’s central bank said it would be taking more steps to curb monopolistic behavior among internet platform companies and strengthen consumer privacy and data security. We will continue to cooperate with anti-monopoly authorities to…
Chinese fashion labels, including Shang Xia, Icicle, and Fosun Fashion Group, are embracing Paris as a springboard for their international ambitions, opening flagship stores in the city and hiring French designers to burnish their credentials. Chinese…
ZTE Corporation has signed a strategic cooperation agreement with China Telecom Global Limited in Hong Kong. According to the agreement, both parties will further deepen their strategic cooperation in cloud network services, ICT, data centers and global…
China’s Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd’s WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other’s services and links. Local tech blog 36Kr reported on…
Morgan Stanley’s chief executive of China will reportedly retire after nearly two decades with the American lender. Wei Sun Christianson will retire from her role as China CEO and APAC co-CEO – roles she held since 2006 and 2011, respectively – according to a…
Italian home accessories and lifestyle brand, Frette, has expanded its footprint in Singapore with its first boutique in Marina Bay Sands. The store also marks the brand’s first mono-brand boutique in the territory. Designed by Milan-based architecture studio…
Starbucks has expanded its Green Store initiative into Asia with the first store opening in Shanghai, focusing on reducing waste and repurposing foods. Greener Store Shanghai is the Chinese mainland’s first Starbucks store to use recycled and lower-impact…
Tianjin-headquartered Sunac is the latest major property developer to reportedly face troubles, with a letter to Chinese authorities asking for policy assistance. Sunac China Holdings Ltd. asked authorities in Shaoxing – a city in the eastern coastal province…
Chinese solar panel maker JinkoSolar Holding Co. has announced a $500 million investment into Vietnam to build a manufacturing facility in the northern province of Quang Ninh. The new facility is set to be operational in the first quarter of next year and has…
China is ramping up its cryptocurrency prohibition efforts again with a directive issued by ten institutions last Friday covering a range of activities including offshore transactions and hiring. All crypto transactions in China are banned, according to…
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