Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
China’s Geely Automobile Holdings Ltd said on Monday 2020 may be one of its toughest years yet, as pressure stemming from the coronavirus outbreak on production and sales persists. But it said it planned to go ahead with global expansion, despite lower sales…
Huawei unveiled its new camera-based P40 series (P40, P40 Pro, and P40 Pro+) today and the phones will be available starting next month priced at the equivalent of $878 USD and up. Each of the three new models supports the next generation of wireless…
Savills China Retail predicts a full recovery of the country’s retail sector post coronavirus will probably happen in the second half of the year. In a perspective on China retail’s recovery from the crisis, the real estate company describes the blossoming…
E-commerce platform JD has helped boost bookstore sales in China during the coronavirus outbreak. Last month, sales of two children’s bookstores – Caldecott Bookstore and Zhongshang Children’s Books – increased by 221.6 percent and 282 percent respectively,…
Chinese e-commerce platform JD plans to help 3000 new products around the world become hot sellers, nurturing more than 1000 new global brands this year. The details were announced during the JD Worldwide online conference for merchants, which focused on…
Chinese growth will drive e-commerce transaction values up 43 per cent to US$4.8 trillion by 2024, according to new reporting by Juniper Research. The research showed Chinese e-commerce undergoing 62 per cent value growth over the next four years, bolstering…
Chinese sports shoe retailer Anta Sports has delivered its sixth consecutive year of sales growth, reaching a record US$4.8 billion in 2019, 40 percent up on the prior period. Hong Kong-listed Anta Group owns many Chinese and international sports brands,…
Yum China says it is witnessing “early signs of recovery” in Mainland China as business gradually resumes and people return to work. However, the company, which operates KFC, Pizza Hut and Little Sheep chains, said in an update to shareholders that restaurant…
JD is collaborating with various brands to provide RMB1.5 billion (US$212 million) in promotional coupons to stimulate sales across Mainland China. Starting Thursday, the Chinese e-commerce company will start sending out the coupons which cover key online…
Wirecard is expanding its e-commerce offer for Chinese online shoppers by helping European merchants integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these…
As Mainland China registered no new cases of coronavirus for the first day since the disease emerged late last year, Chinese tech retailer Xiaomi says it has reopened more than 1800 retail stores across the mainland. The company also says the majority of its…
The London-headquartered online money transfer service is teaming up with Chinese payments and lifestyle services platform Alipay to expand remittance options for its users. TransferWise is making more inroads into Asia with a tie-up with mobile payments…
Retail sales in Mainland China slumped by 20.5 percent in the first two months of this year according to government figures – providing a glimpse of what lies ahead for retailers in other countries where the coronavirus is now having an impact on community…
Starbucks China will invest US$130 million in a new roasting facility in 2022 as part of its upcoming Coffee Innovation Park in Kunshan. The park will be Starbucks’ largest manufacturing investment outside of the US and its first in Asia, incorporating a…
Investment groups China Resources and Yonghui Superstores, as well as some private individuals, are among potential buyers of Hong Kong’s City’Super high-end grocery chain. Current owner The Fenix Group is intending to sell a majority stake in the business in…
A Gome flagship store has launched on JD, giving the Chinese home appliance retailer access to JD’s more than 360 million active annual customers. “JD.com is pleased to launch Gome’s third-party flagship store on our platform, making home appliances from…
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