Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
unan, one of Singapore’s best-known and most enduring retail icons, reopens its doors to shoppers today after three years of redevelopment, starting a new chapter in its storied evolution. Home to a rich variety of more than 190 brands clustered around six…
Luk Fook will add at least 150 stores in Mainland China this year as it looks to mitigate falling sales in Hong Kong. Releasing its results for the financial year to March 31, Luk Fook said profit attributable to shareholders rose 9 percent to HK$1.5 billion…
Nike has elected to withdraw a new shoe design in Mainland China after a politically sensitive image was posted to Instagram by one of its designers. The issue overshadowed a solid result from the sportswear giant (scroll down for coverage) The image was in…
Chinese discount merchandise chain Miniso is reportedly planning an IPO raising as much as US$1 billion to continue its rapid expansion. A Miniso IPO was first mooted by the company in January last year but there has been no further activity until now. Citing…
Security research firm Cybereason reports that over the last seven years, hackers have been able to break into more than 10 cellular networks worldwide to gather information on calls made by at least 20 targeted individuals. The data obtained from this…
Tmall Global today launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform. The portal makes it easier for sellers of all sizes to capitalize on…
Suning is to buy an 80 percent controlling stake in Carrefour China for €620 million (RMB 4.8 billion). The first Carrefour China supermarket was opened in 1995 when the French company was one of the first foreign retailers to enter the market. Currently, it…
Hong Kong-headquartered jeweller Tse Sui Luen has reported a 9.6 per cent increase in profit for the full year, despite a marginal 1.7 per cent drop in group turnover. Profit attributable to shareholders was HK$54.2 million (US$6.9 million) on sales of $4.065…
Tsui Wah Singapore will open a second outlet at Robinsons The Heeren, on Orchard Road. No official opening date has been set as yet, but the menu is expected to include signature items such as Swiss Sauce Chicken Wings, Crispy Bun with Sweet Condensed Milk,…
Japanese tax-free store operator Laox plans to raise US$94 million to expand its activities in China and boost its e-commerce footprint. The company will issue shares to Granda Galaxy (a wholly-owned subsidiary of Suning Appliance Group), and Global Worker (a…
Same-store sales by watch retailer City Chain improved last year – but parent Stelux Holdings still recorded a loss of HK$34.6 million (US$4.4 million). That deficit would have been a lot higher but for the one-off gain of $111.8 million ($15.2 million) from…
Octopus Retail Management (Octopus), the retail technology provider used by leading businesses to make retail smart and personal, today announced that its cutting-edge point-of-sale (POS) suite of solutions has been successfully implemented in Asus locations…
Thirteen days into the 20-day 6.18 shopping festival, JD has already achieved a three times the turnover of last year’s event, and double the orders. More than 90 per cent of Hong Kong purchases have been conducted through mobile devices, and geographically,…
One of the top ten most popular messaging apps in the world is Telegram, available for iOS and Android. Not as widely used in the U.S., the app offers end-to-end encryption and group chats for as many as 200,000 people. The app also can share videos, even…
Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion. According to sources cited by Bloomberg, the IPO may take place as early as this year. The company has declined comment on the…
China’s e-commerce giants JD and Alibaba turned in record-breaking results for the 6.18 shopping festival on June 18. Total sales transaction volume during JD’s 6.18 trading reached a new high this year of US$29.2 billion. Key drivers leading to the…
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