Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Li & Fung Limited, the world’s leading supply chain solutions partner for consumer brands and retailers, today announced that as part of a strategic investment made by JD.com in 2020, it is partnering with JD.com to provide end-to-end digital supply chain…
China’s biggest ride-hailing firm Didi Global said on Sunday that the removal of its “DiDi Chuxing” app from smartphone app stores in China is expected to have an adverse impact on its revenue. Earlier on Sunday, China’s cyberspace regulator ordered app…
Fashion retailer H&M’s global sales growth slowed in the second half of June and the Swedish company took a sales hit in China after its concerns over alleged human rights abuses in Xinjiang led to a social media-inspired boycott by shoppers.` The world’s…
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse,…
Chinese grocery app Dingdong, backed by SoftBank Vision Fund 2, raised about $95.69 million in its US initial public offering (IPO) on Tuesday after slashing the size of the IPO to almost a fourth of its earlier target. Dingdong sold more than 4 million…
HSBC has reportedly lost four bankers in its debt capital markets team covering Chinese state-owned enterprises as the business faces pressure from the Huawei incident and stressed relations with the U.K. Managing directors John Hai and Jiang Song have left…
China’s Geely Automobile Holdings Ltd said on Friday it is dropping plans to list new shares on the mainland’s Nasdaq-like STAR Market. Zhejiang-based Geely Auto, China’s highest-profile automaker thanks to parent Zhejiang Geely Holding Group’s investments in…
Fonterra Co-Operative Group said today it will sell its stakes in two joint-venture farms in China’s Shandong province to Singapore-based AustAsia Investment Holdings for NZ$88 million (US$62 million). The sale comes amid a retreat by the world’s largest…
Ant Group is reportedly in discussions with state-owned enterprises to create a credit scoring firm that houses data collected from its massive user base. The formation of the new entity could see Ant Group cede control over financial data of more than a…
In May 2019, the U.S., claiming security issues, placed Chinese phone manufacturer Huawei on the entity list. As a result, Huawei was no longer able to access the U.S. supply chain that it had spent over $18 billion on during the previous year, and was even…
More Chinese bitcoin miners are reportedly shifting operations to the U.S. after Beijing ramped up its crackdown against cryptocurrencies. Guangzhou-based logistics firm Fenhua International was moving bitcoin mining machines to Maryland, according to social…
Australia’s complaint to the World Trade Organisation over China’s anti-dumping duties on wine exports should enable bilateral negotiations, Foreign Minister Marise Payne said on Sunday. The government filed a complaint on Saturday over duties that were…
Chinese tech giant Baidu said on Thursday its smart driving unit Apollo plans to cater to a total of 3 million users in China with a fleet of 3,000 robotaxis in 2023. Baidu also announced that it is partnering with BAIC Group’s electric vehicle (EV) brand…
Hong Kong-listed Cafe de Coral Holdings, one of Asia’s largest restaurant and catering groups operating quick-service restaurants, will speed up its expansion in mainland China with 17 store openings in the pipeline. The company revealed its plans after its…
Huawei has opened its 7th and largest Global Cyber Security and Privacy Protection Transparency Center in Dongguan, China, with representatives from GSMA, SUSE, the British Standards Institution, and regulators from the UAE and Indonesia speaking at the…
Most readers would already be aware that Oriental Watch Holdings’ stock increased significantly by 37% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long term, so we decided to look at the…
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