Reporting and analysis on retail, e-commerce, and consumer trends in China, updated continuously by our newsroom.
Stronger rental growth and lower operating expenses boosted CapitaLand Retail China Trust’s income by 10.7 per cent in the first quarter. According to CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CRCT, net property income reached…
CapitaLand announced today that it has divested its interests in a group of companies that own and manage the Group’s self-storage business StorHub to an unrelated third party. The transaction is based on an agreed value of S$185 million for StorHub’s…
Alipay Ant Forest, an initiative that has inspired hundreds of millions in China to adopt a greener lifestyle and contribute to the environment. Since its launch in August 2016, Alipay Ant Forest has: Attracted 500 million users to engage in low carbon…
Flat panel display producers in China are eager to start selling flexible AMOLED displays, and AMOLED displays with punch-holes. At this year’s China Information Technology Expo 2019 (CITE), which wrapped up earlier this month, companies like BOE Technology,…
Japan’s Toyota Motor said on Sunday it was setting up a research institute in Beijing in partnership with Tsinghua University to study car technology using hydrogen power and other green technologies that could ease environmental problems in China. The…
Chinese online retailer JD is to buy nearly half the shares in electrical goods retailer Jiangsu Five Star Appliance, for US$189 million. Jiayuan Chuangsheng currently holds 93 per cent of the Five Star business and after divesting a 46 per cent stake to JD…
The chairman of the US FCC has urged the agency to reject China Mobile’s applications to provide telecom services in the US market on national security grounds, in the latest salvo in the telecom trade war between China and the US. Federal Communications…
Amazon China is about to stop selling local goods to local shoppers. According to multiple financial-news services, the global e-commerce giant is about to announce the closure of its dedicated Mainland China store, however Chinese consumers will still be…
Toy retailer Hamleys is set to have its fourth owner in 15 years since it was taken private by an Icelandic investor. According to multiple Indian news media reports, Reliance Retail is in the final stages of negotiations with China’s C.Banner International,…
Dairy Farm Group-backed Yonghui Superstores is to boost its interest in Central Chinese regional supermarket chain, Zhongbai Holdings. According to a stock exchange filing in Shanghai, Yonghui is offering RMB8.10 per share to take its stake in the company…
InterContinental Shenzhen, Shenzhen Telecom Engineering and Huawei have signed a strategic cooperation agreement to create the world’s first 5G smart hotel. By introducing the hotel industry’s first end-to-end 5G network with integrated terminals and cloud…
Shares in daigou-focused retailer AuMake have been placed in a trading halt pending an announcement on an acquisition and related capital-raising. The company, which last month extended its bricks-and-mortar presence beyond Sydney, has requested the halt be…
DBS Group has signed a cooperation agreement with China Export & Credit Insurance Corporation, adding to the list of banks that are partnering Sinosure for projects under the Belt Road Initiative. DBS Group Holdings on Monday announced that it has partnered…
Last Friday, Chinese investigators raided Ericsson’s offices in Beijing after receiving complaints about the licensing fees that Ericsson charges phone makers. Amid the background of increased global tension over Chinese vendors’ 5G technology being banned by…
Alibaba Group’s Tmall today announced it will launch a dedicated gateway for customers to discover new products through the Taobao mobile app, looking to cement its position as the “go-to” platform for such launches. From Wednesday, customers clicking on the…
UK-based affordable-luxury fashion-brand LK Bennett has been sold to its Chinese franchise partner Rebecca Feng. Rebecca Feng, who operates the label’s business in China under a franchise agreement, competed with several interested buyers following the…
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