Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Deutsche Bank’s recruitment drive for the private bank in Asia persists, this time with the hire of a new head of onshore wealth management in China. Jeffrey Yen Chieh Peng joins the bank as managing director and head of China onshore wealth management,…
Chinese sportswear firm Topsports International is set to proceed with an IPO in Hong Kong, despite economic uncertainties and ongoing protests in the city. The Belle International subsidiary is expected to launch its IPO this month, provided it qualifies for…
U.S. President Donald Trump, who is engaged in a trade war with Beijing, said on Friday that the largest U.S. automaker, General Motors Co, should begin moving its operations back to the United States. “General Motors, which was once the Giant of Detroit, is…
Samsung confirmed that the Galaxy Fold will be launched on the market in September, but it didn’t reveal an exact release date. Although reports pointed to a rather late September launch, it looks like Samsung has decided to greatly advance the launch…
There has been quite a lot of discussion about the Chinese digital reality. Almost everybody is aware that most of the Chinese online ad revenue share is occupied by either Tencent or Baidu. The international commerce market is also largely dominated by…
EFG International replaces former Asia Pacific chair, Tee Fong Seng, with a 40-year veteran and ex-CEO of DBS in Hong Kong. Amy Yip succeeds Tee, who recently joined Pictet as its Asia CEO of private wealth management, with the intention to «help drive and…
Double-digit sales growth for Tiffany in China provided some encouragement for the US jewelry retailer in what was otherwise an unremarkable half. And despite the brand’s strength on the mainland, Tiffany’s CEO Alessandro Bogliolo expressed concerns about the…
With U.S. President Donald Trump willing to tax U.S. companies and consumers into a recession, Google apparently is ready to move the production of its Pixel handsets and smart speakers out of China and into Vietnam and Thailand respectively. Apple has yet to…
Yum China Holdings has entered into a definitive agreement to acquire a controlling interest in Huang Ji Huang group, a leading Chinese-style casual-dining franchise business. Subject to the satisfaction of closing conditions and regulatory approvals, the…
Chinese consumers can now use Alipay at the Mall of Asia stores thanks to a joint venture between Ant Financial Services and SM. Technology to allow retailers to accept Alipay has been installed at almost half the mall’s stores already, with the rest to…
Spring City 66, Hang Lung Properties’ first entry into Southwest China has opened in Kunming. Now the single largest commercial complex in Kunming, the city’s latest landmark is the ninth Mainland China project developed by the group, following projects in…
Alibaba Group’s B2C platform Tmall has announced its lineup of designers that will hit the runway at New York Fashion Week this September. In addition to the runway shows, Tmall will host a pop-up exhibition featuring cross-over collaborations riding the…
International private equity company TA Associates will take an undisclosed stake in fast-growing bubble-tea chain Gong Cha. The investment is being made through TA Associates’ Hong Kong office, with settlement expected in early October. The value of the…
US warehouse retailer Costco opened its first store in China today, against a background of an escalating trade war between the US and China and at a time the local economy is showing signs of slowing. The giant store will open in a suburb of Shanghai…
Chinese carmakers are involved in a slow-motion wreck. Falling sales hit Geely Automobile Holdings and Great Wall Motor harder in the first half than rivals partnered with foreign marques. Both companies have started seeking JVs, too. A better route to…
Ikea China will invest RMB10 billion (US$1.41 billion) into the market within the next fiscal year. The Swedish furniture maker’s largest investment yet into the Chinese market, the funds will go towards strengthening operations over a three-year strategy to…
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