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Chinese online grocery and delivery firm Dada-JD Daojia is partnering with French hypermarket chain Carrefour. The collaboration, which involves listing Carrefour China stores on the Dada-JD platform, has already resulted in a 720 per cent increase in the…
Some 2,000 quick service outlets to open by 2022 in small cities McDonald’s Corp, the global fast-food chain that has forged a new partnership in China last month, will expand faster by opening 2,000 new restaurants in the next five years. They will be set up…
Chinese consumers are increasingly craving premium-tier products to underscore their success, says Nielsen China. The market research company defines premium-tier products as items that cost at least 20 per cent more than the average price for the category.…
Australian wine exporters expect to receive a profit boost from this week, with a further reduction of tariffs to China now in effect. China is now Australia’s biggest export market for wine — worth almost half a billion dollars. Gemtree vineyards in McLaren…
China’s leadership has always seen gross domestic product (GDP) numbers as the most important indicator of their ability of govern; thus their whole apparatus does whatever it can, in terms of policies, to make sure a politically acceptable growth rate is…
China’s retail sales growth rose to 10.0 per cent on-year in October, missing analysts’ forecasts of 10.7 per cent growth — the rate sales grew at the previous month. Thus there was a slowdown in retail sales despite the growth. Industrial output rose 6.1 per…
Beijing-based retail giant WuMart has filed a bid to take over McDonald’s operations in both the mainland and Hong Kong, according to a report from Caixin.com. Someone familiar with the case revealed that Wumart’s bid is being backed by TPG capital, one of…
