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Renowned sports apparel and goods company, Salomon, has announced the appointment of Vincent Du as the new senior Vice President and General Manager for their Greater China division. Du’s appointment is seen as a strategic move, considering his extensive…
Luckin Coffee, the largest cafe chain in China, has bolstered its presence in Malaysia by establishing three new outlets in the city of Johor Bahru last July. The first two branches were launched at Sutera Mall and Austin Heights early in the month, followed…
Seafolly, the renowned Australian swimwear brand, has officially entered the Chinese market, marking another significant milestone in its ongoing global expansion. This move trails closely behind the brand’s recent launches in the United States and the United…
In a move to regain customer loyalty in China, American athletic wear giant, Nike, is taking control of its online product distribution. The company aims to drive consumers to official Nike channels and implement full-price sales as it faces increasing…
Midea, the Chinese home appliance heavyweight, recently revealed that it accelerated its production operations to deliver 20,000 air conditioning units to France in a span of seven days. This was in response to the escalating demand spurred by the severe…
Next month, the renowned American burger establishment, Five Guys, is all set to launch in Beijing. This event signifies the continued expansion of U.S. restaurant brands in China, undeterred by the escalating competition in the market. Five Guys plans to…
China has unveiled its inaugural five-year scheme centered on consumption, where it anticipates annual retail sales to reach approximately 60 trillion yuan (US$9 trillion) by 2030. This indicates a deceleration in year-on-year growth to roughly 3.7 per cent,…
In the first half of 2026, China became Vietnam’s largest seafood market, surpassing the United States. This shift resulted from an importation of Vietnamese seafood valued at nearly $1.4 billion, a 40% year-on-year increase. This accounted for almost a…
Five Guys, an American burger chain, is set to open its first outlet in Beijing in the coming month, joining a surge of American fast-food brands either entering or rapidly expanding within China. This comes on the heels of the establishment of the brand’s…
Luxshare Precision Industry, headquartered in China, announced on Tuesday that its Hong Kong listing has been priced at the upper limit of its target range, resulting in the raising of approximately HK$24.27 billion (US$3.09 billion). The Apple supplier,…
Domino’s Pizza China has made significant strides in expanding its presence across the country, with its total number of outlets now reaching 1550. This was achieved through the addition of 235 new stores during the first half of the year, a move that has led…
China has solidified its position as the leading consumer of Vietnamese lobster for the first five months of this year, purchasing over $506 million worth of the seafood delicacy. This figure represents an impressive increase of 44.3% compared to the same…
Beijing Liyuan is said to be planning a sale of its 35% stake in its longstanding cosmetics joint venture with Japanese beauty firm Shiseido. This decision would conclude a partnership that has spanned more than thirty years. According to information…
Lululemon, the popular athleisure brand, has publicly apologized in China following controversy surrounding a performance during a company-sponsored event at the Great Wall. The incident incited negative reactions on social media due to the apparent use of a…
The second-largest economy in the world is currently experiencing a dual-speed growth pattern. While factories are flourishing due to robust exports, domestic demand is on a downward trajectory due to an ongoing slump in the property market. In May, retail…
Yum Brands, the global owner and franchiser of popular restaurant chains such as KFC, Pizza Hut, and Taco Bell, operates Yum China as a master franchisee. The franchisee oversees the operation of these three brands within Mainland China and has been…
