Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
E-commerce giant JD has taken the lead in China’s online appliances market. The finding was part of a new report on the industry within China prepared by the China Electronic and Information Industry Development Research Institute, which showed JD’s market…
Taiwanese bubble-tea chain Chun Fun How is preparing to launch a flagship store at the Esplanade in Singapore this month. The floral-themed store will offer takeaway drinks only in its new outlet – mostly premium fruit tea blends in attractively designed…
Carrefour China has achieved its first quarterly profit in seven years according to the Tian Rui, CEO of Suning Group, which bought the former French hypermarket group last September. During the past five months, the Carrefour China business has improved its…
Chinese bubble tea chain Naixue Tea – also known as Nayuki – is eyeing a listing in the US. The move could raise around US$400 million in capital, although many important details of the potential offering remain in flux as private discussions continue between…
British multinational groceries and general merchandise retailer Tesco has sold its shares in a Chinese joint venture, ending its operations in the country. According to Retail Gazette, the firm’s 20-per-cent shareholding in the Gain Land business has now…
The ongoing coronavirus outbreak has caused capital flows into mainland China’s startups to plunge 60 percent year-to-date. Year-to-date, Chinese startup fundraising registered $1.79 billion from a 6-year low of 168 deals – a major plunge from last year’s…
PepsiCo is poised to purchase Chinese online snack vendor Be & Cheery owned by Haoxiangni Health Food Co. PepsiCo had proposed the Be & Cheery acquisition before the coronavirus outbreak began in China. Valued at US$705 million, the acquisition will help…
Online and offline pharmaceutical and healthcare retailer and wholesaler China Jo-Jo Drugstores boosted revenue by 7.9 percent in the December quarter “We delivered outstanding financial results for the third quarter of 2020, with revenue recording $33.36…
Apple China has reopened 10 more stores in China, as the business begins to return to normal despite the ongoing coronavirus outbreak. The 10 reopened outlets, which are located in Shanghai, Chengdu, Dalian, Guangzhou and Qingdao Vientiane City, will operate…
Organizers of Beijing auto show, which is scheduled to be held in late-April, said on Monday the event will be delayed event due to the coronavirus outbreak. Across mainland China, officials said the total number of coronavirus cases rose by 2,048 to 70,548,…
Tesla Inc is seeking approval from Chinese regulators to offer a new China-made Model 3 variant, a government document shows. The variant would have a longer driving range, a source familiar with the matter said. Tesla shares overvalued: strategist National…
Widespread temporary store closures continue across China as the coronavirus continues to spread throughout the country. Officially, China’s New Year holiday – extended by the government for a week to help reduce the spread of the virus – ended yesterday, but…
Yum China, which operates Chinese KFC and Pizza Hut networks, has launched a contactless food-delivery service. The move is a response to concerns about transmission of coronavirus between customers and delivery staff – but will also give confidence to…
As the hordes of mainland Chinese tourists who used to descend on the prime shopping districts of Paris have dried up within just a fortnight, luxury brands are beginning to plan staff layoffs and other strategies to reduce costs. With the rapid spread of the…
UBS shows no sign of slowing down its mainland China expansion plans despite an ongoing coronavirus outbreak, having met its target set in 2016 to double headcount to 1,200 ahead of schedule. UBS group chief executive Sergio Ermotti said in 2016 that the bank…
Over 200 container trucks full of fruit stand idle near a northern border gate as the new coronavirus outbreak halts cross-border trade. Lees ook: Lippo Group Launches Web-Based E-Procurement Service Mbiz.co.id Lees ook: Globe Telecom Enhances Efficiency and…
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