Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Sephora China has launched a flagship store on Alibaba’s B2C platform Tmall Global. The Sephora Tmall Global flagship features a selection of beauty brands including Fenty, perfume house Bon Parfumeur, and skincare brands like Farmacy and Dermalogica. The…
Chinese e-commerce giant JD has registered sales of 27,000 tonnes of fresh products during its Foodie’s Carnival online shopping event, including 4531 tonnes of imported fresh food. The week-long online festival brought together more than 6000 global brands…
The future of the Victoria’s Secret China business is under review as the lingerie retailer moves to permanently close 250 more US stores in a bid to right size and restore profits. Parent L Brands revealed a 37-per-cent slump in first-quarter sales to…
Wealthy Chinese consumers are spending up large on domestic brands sold online, according to new data from local e-commerce giant JD. The data shows that 490 out of 572 high-performing brands which surpassed RMB100 million (US$14 million) in transaction…
Danish toy brand Lego has launched Lego Monkie Kid, its first Chinese-inspired theme to boost its engagement with Asian customers. Inspired by the famous Monkey King from the 500-year-old Chinese novel ‘Journey to the West’, Lego’s Monkie Kid is the brand’s…
Dutch multinational retail-grocery franchise system Spar has launched six new locations in China in the midst of the coronavirus lockdown. The firm benefitted from the scale and duration of China’s lockdown being briefer than initially feared – with an early…
Chinese social networking and gaming giant Tencent is partnering with Tim Hortons China to expand the Canadian coffee house’s rollout. Tencent announced the partnership on its Chinese social media accounts without disclosing any financial details. Tim Hortons…
Popeyes China will open its first store next week, in Shanghai, as it aims to build a network of 1500 outlets nationwide within 10 years. Located on Huaihai Road, one of the city’s most popular shopping precincts, the 470sqm debut Popeyes China store features…
The Covid-19 pandemic has erased US$420 billion from China’s retail market this year – but an analyst predicts a rebound in the second half. Vijay Bhupathiraju, a retail analyst at GlobalData says before the coronavirus came along, Mainland China was on track…
China’s passenger car retail sales in April fell 5.6% from a year earlier to 1.43 million, the China Passenger Car Association said on Monday, as the country gradually recovers from the coronavirus. China on Wednesday reported 52 new coronavirus deaths, the…
UBS will look to integrate its China business units in a rapidly changing regulatory environment under the leadership of an ex-official from the mainland banking regulator. Alan Wang (or Wang Wei), a former senior official with the China Banking and Insurance…
When being compared to the USA’s stock markets, China’s markets are fairly young. Even though the Shanghai Stock Exchange (SSE) dates back as early as the 1860s, it was in fact closed down in 1949, then reopened only in 1990, with the mission to create a…
Chinese retail giant Suning has launched a smart-retail experience centre in Nanjing. The venue is the first of its kind for the brand, opening in Suning.com Plaza as an upgrade of the Suning.com flagship store and what it describes as a new benchmark for its…
HSBC agreed to buy out the other 50 percent of shares from its life insurance joint venture in mainland China in yet another milestone for foreign entry into finance on the mainland. HSBC will become the sole owner of HSBC Life China after acquiring the…
Chinese tea chain Heytea has closed three-quarters of its Hong Kong network, leaving just two stores operating, at Causeway Bay’s Times Square and Sha Tin’s New Town Plaza. Three of Heytea’s outlets in Tsim Tsa Tsui – at The Sun Arcade and New World…
Yum China emerged from the first quarter in profit despite the disruptive effects of the Covid-19 pandemic on sales and operations. While revenue was down 24 percent for the operator of KFC, Pizza Hut in Mainland China, and several local restaurant chains,…
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