Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
AI-run fruit-vending machines are offering Chinese consumers a new way of buying fruit and vegetables. The machines, developed two years ago by Beijing Kuo’an Science and Technology, are providing an alternative channel for residents of China’s tier-one and…
E-cigarette company RELX Technology has opened its first RELX China flagship and says it aims to have 10,000 stores globally within three years. Located in Shanghai’s CBD, the RELX China flagship occupies a 140sqm area, creating a space to educate existing…
Ford Motor China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker…
China’s largest coffee chain Luckin Coffee is moving into the vending machines market. “It allows us to get closer to consumers and we are not restricted by the license approvals,” said Luckin founder and CEO Qian Zhiya of the new strategy. Luckin’s machines…
Bank of China has been approved by Saudi Arabian authorities to open a branch in the kingdom, in yet another move towards further internationalization. Saudi Arabia’s cabinet approved the Chinese lender’s license, according to a report citing a tweet from the…
A new H&M Chinese New Year collection has been launched, celebrating the Year of the Rat. The H&M Chinese New Year collection features more than 100 items including ladieswear, menswear and kidswear and special items featuring cartoon characters. Besides…
Hong Kong lingerie brand 6ixty8ight has launched its first outlet in Mongolia and says it aims to open 16 more outlets in China this month. Located in Hohhot, the Mongolia 6ixty8eight store offers the latest trends in lingerie, homewear, loungewear,…
Luckin Coffee has now become the largest coffee chain in China, surpassing Starbucks in terms of number of locations. The firm has launched 4500 outlets within the Chinese territory, around 200 more than its Seattle-headquartered competitor. The brand soared…
Several Chinese fintech firms have submitted a bid to the Monetary Authority of Singapore to operate a digital bank in the city-state. By the application deadline on Tuesday, Chinese firms that submitted bids for a digital banking license in Singapore…
Several Chinese fintech firms have submitted a bid to the Monetary Authority of Singapore to operate a digital bank in the city-state. By the application deadline on Tuesday, Chinese firms that submitted bids for a digital banking license in Singapore…
Tesla will deliver its first Chinese made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday. The Shanghai plant is part of the Silicon Valley automaker’s plans to bolster its…
Customers of JD can now store detailed profiles of their pets online and receive updates of suitable products, services and care instructions through JD’s My Pet Profile Initiative function. With My Pet Profile, brands can improve their product specifications…
British department store Harrods will open a location in Shanghai. According to Retail Gazette, the store will be the brand’s first standalone site outside the UK and will target China’s growing middle class. “If you look at all of the reports, they say,…
E-commerce giant JD.com has opened a 24/7 store chain, 7Fresh Life, in Beijing. At the same time, the firm has launched its first Seven Fun lifestyle space in Beijing, intended to serve as a “third place” for working professionals. The 7Fresh Life food chain…
Yum has announced the opening of its first franchised restaurants in Chinese gas stations, in collaboration with China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC). The first franchised KFC restaurant has been launched…
A regulatory framework specifically designed for artificial intelligence in China’s financial sector and better tech for supervision should be introduced, according to policy advisors from a leading think tank. We should not deify artificial intelligence as…
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