Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Miniso has unveiled a new “X strategy” business plan to diversify its business and launch multiple brands this year. The Chinese discount variety store said it will focus on the toy market this year with “Art Toy” as a new strategic product category. The…
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced that the Sichuan Branch of China Telecom, ZTE and MediaTek have jointly completed the industry’s first…
With physical gatherings limited, red packet gifting via digital channels on the first two days of the Lunar New Year grew considerably from the year before. Efforts to digitalize the longstanding custom of giving hong bao (red packets) during the Lunar New…
A Chinese-language bookstore from Wuhan opened its first overseas store today in Singapore. The Zall Bookstore, popular in the main city of China’s Hubei province, opened its doors to bookworms at the Wheelock Place mall on Orchard Road. The two-story space…
Access to U.S. audio app Clubhouse was blocked in China on Monday, users and an anti-censorship watchdog said, ending a brief window that allowed thousands of mainland users to join in discussions often censored in China. Launched in early 2020, Clubhouse’s…
Chinese government officials have met representatives from U.S. electric carmaker Tesla Inc over reports from consumers about battery fires, unexpected acceleration, and failures in over-the-air software updates, a regulator said on Monday. China’s State…
Chinese regulators have hit online discount retailer Vipshop Holdings Ltd with a 3 million yuan ($464,000) fine, the biggest to date in a recent clampdown on anti-competitive behavior among internet firms. In a sign that regulators are increasingly willing to…
Running restaurants in China is tough when a big part of the population stays home to avoid catching the coronavirus. Yum China , operator of KFC and Pizza Hut in the country, gave a glimpse of the current predicament in results posted after the U.S. close…
China’s Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma’s business empire. It also announced a bond sale worth as much as $5 billion…
Capri Holdings is expected to post a fourth straight fall in quarterly revenue on Wednesday as the blow from fresh lockdowns in Europe eclipses a China-driven recovery in sales of its luxury handbags and apparel. A spike in coronavirus infections from late…
Vietnam outperformed its regional peers, including China, to become the top-performing economy in Asia in 2020. Though some economies have not yet reported fourth-quarter numbers, estimates compiled by the U.S. broadcaster from official sources and…
Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. It’s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year…
Starbucks Corp. slumped in late trading on Tuesday after reporting a sales decline that was deeper than expected and the departure of Chief Operating Officer Roz Brewer. Global same-store sales, a key gauge of restaurant success, fell 5% in the fiscal first…
Days after the public reappearance of Alibaba founder Jack Ma, top Beijing authorities are facing a balancing act between reining in the dominance of internet giants while keeping the fintech industry sufficiently free to innovate. Investigations into fintech…
Last week we told you that starting on March 31st, Android phones uncertified by Google, including those made by Huawei, will no longer have access to the Google Messages app. While not too many Android handsets are uncertified by Google, Huawei’s newer…
New-generation retail brand Harmay released its latest fashion collaboration collection with Chinese fashion designer Masha Ma on Tuesday as part of the brand’s continuing expansion despite the COVID-19 pandemic. The new fashion collection includes T-shirts,…
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