Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Yum China looks to expand Asian footprint for hot-pot restaurant brand. Quick-service restaurant firm Yum China Holdings is seeking entry into the Thai hotpot market, reportedly worth THB5 billion (US$156.7 million). The company is seeking a local partner to…
Starbucks China has opened its first Signing Store, staffed entirely by deaf or hearing-impaired people. The store is in Guangzhou, in Guangdong Province which is home to about 4 percent of China’s deaf population. It is Starbucks’ third Signing Store,…
Outdoor apparel giant VF Corporation says sales from continuing operations surged 12 percent last financial year, to US$13.8 billion. Vans proved a standout brand for the group, with sales rising 24 percent on a constant-currency basis, while geographically,…
In the latest development in the ever-churning Huawei news cycle, chipmaker Arm is suspending business with the Chinese vendor to comply with the US restrictions. The BBC reported Wednesday that Arm sent out a company memo that said its employees must…
China Telecom backed joint venture Mislatel Corporation has been cleared to secure a congressional franchise to become the Philippines’ third mobile player. Mislatel, the joint venture established with businesses owned by Philippines tycoon Dennis Uy, has…
Grocery retail franchise Spar International will open more than 150,000sqm of retail sales space in China this year. The firm’s store-development plans include compact hypermarkets and a “new generation” of supermarkets in Northern and Southern China. Spar…
More and more mainlanders are using apps and websites to shop for pre-owned products. The popularity of shopping for pre-owned products online is on the rise in China, a trend being driven by a new consumer focus on sustainability and the rise of “recommerce”…
Goodbaby International has opened two flagship stores in Chengdu, China. One of the new stores is located at International Finance Square (IFS), the other at Chengdu Joy City. Both opened last Saturday. The stores represent the parenting-products retailer…
Huawei’s consumer business has been dealt a potentially devastating blow to its future prospects after US president Donald Trump formally added the vendor to a list of companies that American companies cannot trade with if they don’t obtain a license. Huawei…
English Premier League football team Wolverhampton Wanderers is opening a retail store in Shanghai. The July 15 opening, timed to coincide with the Premier League Asia Trophy in which the club is participating, will see the Wolves Megastore become one of the…
Italian fashion concept store 10 Corso Como is withdrawing from China. The firm’s Shanghai retail outlet, which has been open since 2013, will be shuttered late this month in the absence of interest in a license and lease renewal from its local partner Trendy…
An “exceptional adoption” in China has lifted the global number of cellular IoT subscribers by 70% to reach 1.2 billion in 2018, says a report released by Berg Insight. The research firm predicts that there will be 9 billion IoT devices connected to cellular…
China Mobile is the most valuable telecoms brand in Asia-Pacific, and the third most valuable in the world, according to Brand Finance’s latest Telecoms 300 brand value report. China Mobile’s brand value has increased 4.6% in 2019 to $53.22 billion, cementing…
Furniture and homewares retailer BoConcept has opened new stores in three Asian countries in recent months as it continues to expand its footprint in the region. The new stores are in Kyoto, Japan, Zhengzhou, China; and Ho Chi Minh City, Vietnam. BoConcept…
ZTE has launched the first in a series of planned dedicated cybersecurity labs aimed at reassuring customers of the security of its solutions, and developing end-to-end security products and services. The new lab in Nanjing, China will help ZTE provide…
Starbucks China has opened its first Signing Store, staffed entirely by deaf or hearing-impaired people. The store is in Guangzhou, in Guangdong Province which is home to about 4 percent of China’s deaf population. It is Starbucks’ third Signing Store,…
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