Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
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…
Celebrating Children’s Day with families and kids across China, through a vast offering of experiential offsites, special promotions and exclusive toy ranges, Toys”R”Us Asia announces a record-breaking Y-o-Y sales growth of over 25% in China, on the first…
Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 0636.HK) proudly continued its winning streak at the 2019 Asian Freight, Logistics and Supply Chain Awards (‘AFLAS’) by receiving the titles of Best 3PL for the fourth year running and the Best…
The most significant Alibaba management shakeup since founder Jack Ma revealed he would step aside next September 10 sees high-profile CFO Maggie Wu take on a new role. Wu will take over responsibility for strategic investments by the group, charged with…
New Zealand skincare brand Antipodes has announced a strategic partnership with Chinese e-commerce giant Alibaba. Announced at the Alibaba E-commerce Expo in Auckland last week, the partnership will see the two companies work together to bring a targeted…
Hong Kong Customs has conducted a territory-wide operation to combat counterfeit dolls in claw machines. Codenamed “Octopus”, the operation proceeded from June 5–13 and resulted in the seizure of about 2700 suspected counterfeit dolls and other relevant items…
Hong Kong-listed beauty-products retailer L’Occitane is reaping the benefits of a restructure with profit up 21.8 percent last financial year to €117.6 million. And chairman Reinold Geiger says even better results are in the pipeline. “The group now operates…
The rate of China retail sales growth rose for the second consecutive month in May, buoyed by the holiday season. According to government data, retail sales rose 8.6 percent, which followed 8.3 percent growth in April and 7.2 percent in March. The…
The most significant Alibaba management shakeup since founder Jack Ma revealed he would step aside next September 10 sees high-profile CFO Maggie Wu take on a new role. Wu will take over responsibility for strategic investments by the group, charged with…
US-headquartered warehouse-club retailer Costco Wholesale will open its first physical store in Mainland China in August. Costco China’s first location will be in Shanghai’s Minhang district, offering memberships to family and corporate consumers at RMB299…
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts. Studies from international researcher IGD Asia have shown the country’s total market size will reach RMB11.0 trillion (US$1.8…
Lululemon Athletica has reported a massive 70 per cent growth in first-quarter China sales, part contributing to a stellar performance globally. Both sales and profit exceeded the company’s forecast and analysts expectations. Sales of its relatively new men’s…
Chinese multinational conglomerate holding company Alibaba Group has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Thursday, citing people familiar with the matter. Previously reported that the group was mulling a…
Tmall, China’s largest B2C platform under Alibaba Group, has formed a strategic partnership with VF Corporation (“VF”) to expand the global leader’s offerings of branded lifestyle apparel, footwear and accessories in China. Under the agreement, Tmall…
H&M Group’s womenswear brand & Other Stories will launch a Tmall flagship store in the fall, making the Alibaba Group-owned B2C online marketplace the label’s first official sales channel in China. The Tmall store will offer collections designed by its three…
Chinese conglomerate Fosun is looking to sell a stake in its luxury fashion business, which includes Lanvin. According to a report by Bloomberg, an investor is being sought for the Fosun Fashion unit to help revamp and grow the business. Fosun’s fashion…
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