Tag: china

Retail Asia28/02/2024
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At 10 a.m. Van Don International Airport in the northern province of Quang Ninh opened its doors for any visitors to look inside the C919 and another Comac aircraft ARJ21 in an exhibition of the company. Comac showcased its jets at Singapore last week but limited entry to only some business representatives. Comac chairman He Dongfeng said at the exhibition […]

Retail Asia14/02/2024
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Chinese coffee chain Cotti Coffee has made its Australian debut with a takeaway outlet in Sydney. The store, located in the Cabramatta neighbourhood, offers a wide range of beverage selections including rice milk, coconut, and grapefruit-infused coffee. Cotti Coffee, founded in October 2022 by former Luckin Coffee executives Charles Lu and Jenny Qian, currently has […]

Retail Asia25/01/2024
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Jensen Huang, President and CEO of California-based artificial intelligence chip designer Nvidia, recently visited China for the first time in years, to attend the company’s new year party with local employees. Last week, Huang traveled to Beijing, Shanghai, and Shenzhen in Guangdong province in a low-key manner, according to a report by China Daily, which cited sources […]

Retail Asia18/12/2023
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Chinese technology giant Alibaba Group Holding has invested another US$634 million in its e-commerce subsidiary Lazada amid intensifying competition. The injection – the group’s third this year – takes its investment in Lazada to more than $1.8 billion. Since taking the controlling stake in 2016, Alibaba has poured about $7.4 million into the Singapore-based e-commerce unit. This […]

Retail Asia12/12/2023
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Chinese tea company Heytea has launched its first store in the US – in the heart of Broadway, New York, – as it continues its rapid international expansion, including into Malaysia, Australia, Canada, and London. The brand marked its US debut with a Times Square billboard and chose a location just a 10-minute walk from major New […]

Retail Asia04/12/2023
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Chinese tea brand Heytea has opened its first store at Kuala Lumpur’s newly-opened shopping destination, The Exchange TRX, as part of Heytea’s ambition to have a larger footprint in the country. The new store takes over an 80sqm space of the shopping mall’s Level C. The Malaysia launch, which the company described as its “important […]

Retail Asia21/11/2023
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2min0
Fast food chain McDonald’s Corporation has agreed to acquire Carlyle’s 28 percent stake in the consortium that operates the McDonald’s business in Mainland China, Hong Kong and Macau. Through its equity affiliate Citic Capital, the Citic Consortium will maintain a 52 percent controlling stake while McDonald’s will increase its ownership in the business to 48 […]

Retail Asia02/11/2023
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Yum China, which operates the KFC and Pizza Hut chains in China, logged a 9 per cent year-on-year increase in revenues to US$2.91 billion for the third quarter ended September 30. The company’s system sales were up 15 per cent, with both KFC and Pizza Hut reporting increases of 15 per cent and 13 per […]

Retail Asia17/10/2023
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Pangasius exports to China in the first eight months of this year fell 28%to US$406 million, according to the Vietnam Association of Seafood Exporters and Producers. Since September Chinese demand for the fish has not increased much even as it has stepped up imports from Norway, South Korea, Australia, and Chile. The director of a […]

Retail Asia16/10/2023
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Vietnam’s auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand. But the figure for the period is still a 24% year-on-year drop, according to the Vietnam Automobile Manufacturers Association (VAMA). In the first nine months sales dropped 29% year-on-year to 209,929 units. Truong Hai Auto […]

Retail Asia02/10/2023
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Vietnam’s industry ministry has launched an investigation that could lead to anti-dumping duties on wind towers originally from China, following a complaint by domestic producers, the government said on Saturday. Producers in Vietnam have claimed that dumping of Chinese-origin towers has caused “significant damage” to them, the government said in a statement, without elaborating. “In […]

Retail Asia27/09/2023
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Urea prices have risen by 10% in September and 30% since July after China banned the export of the fertilizer to keep domestic prices under control. Petrovietnam Camau Fertilizer raised urea prices by 10% this month to VND11,200 per kilogram. Petrovietnam Fertilizer and Chemicals Corp hiked prices by 4.8% to VND11,000. Other chemical producers also […]

Retail Asia26/09/2023
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Australia wants a separate dialogue with China on their dispute over wine, the agriculture minister said on Sunday, rejecting Beijing’s proposal to link wine with other trade issues as the two nations slowly seek to improve battered relations. China’s removal of tariffs last month on Australian barley has raised hopes for an easing of wine […]

Retail Asia18/09/2023
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China’s Shein has allocated an additional US$85 million over five years for its Global Community Empowerment Commitment. The fund will bring the company’s ESG roadmap pledge to $155 million, following the $70 million committed last April. The strategy, dubbed ‘EvoluShein’, consists of nine environmental and social priorities organized under three strategic pillars – People, Planet […]


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