Tag: china

Retail Asia12/06/2017
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1min0
OPPO, the No. 1 smartphone vendor in China in 2016, plans to sell 100 million phones globally as it taps its models’ strong photography features and the company’s offline retail channels. Oppo partners Sony and Qualcomm to develop customized processors and photography technologies used in its new flagship model R11, the successor to the Oppo […]

Retail Asia12/06/2017
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2min0
Indonesian biodiesel producers are eyeing China as a new promising market amid negative sentiment in the European Union and the United states. Indonesian Biofuel Producers Association (Aprobi) chairman MP Tumanggor stressed Thursday that their members could no longer rely on their exports to the US and European Union. “Our production capacity reaches 11 million kiloliters […]

Retail Asia10/06/2017
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2min0
China’s Ministry of Industry and Information Technology (MIIT) is launching a consultation regarding the planning and use of millimeter wave (mmWave) spectrum for the development of 5G networks. The MIIT is seeking industry advise on the planning and use of the 24.75-27.5GHz, 37-42.5GHz and other millimeter-wave bands, which “will be key spectrum for 5G systems”, […]

Retail Asia09/06/2017
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2min0
Baccarat announced on Friday the centuries-old crystal maker has been acquired by a Chinese investment firm, as it looks to ramp up international expansion. The French luxury home and tableware brand said China‘s Fortune Fountain Capital (FFC) would acquire an 88.8 per cent in the company from U.S. investment funds Starwood Capital Group and L […]

Retail Asia08/06/2017
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1min0
Chow Tai Fook‘s indirect wholly-owned subsidiary Solomon has signed a joint venture agreement with Golden, Edge, and Group Program Limited, aiming to develop and operate the group’s membership program in mainland China and Hong Kong. Solomon and Golden will each own a 40% stake in the new joint venture, while Edge will own the remaining 20%. […]

Retail Asia08/06/2017
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2min0
Hong Kong-listed Tongfang Kontafarma will acquire a significant stake in Singapore’s True Group, which comprises True Yoga and True Fitness, according to a press release by the latter on Tuesday (May 30). The deal will see Tongfang Kontafarma, which is mainly engaged in the manufacturing and sales of prescription drugs, buy a 51 per cent […]

Retail Asia08/06/2017
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2min0
Brookstone will formally enter the Hangzhou market with its first store opened at the Hangzhou GDA Plaza, which is Brookstone’s flagship store in the city. Ma Qihua, president of Hangzhou GDA Plaza, said that the cooperation with Brookstone is based on the common value of the two parties. Brookstone is seeking transformation as it faces […]

Retail Asia08/06/2017
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4min0
Carnival Corporation, the world’s largest cruise group, has introduced cashless Alipay payment services on its ships in Asia, including those in China. The move will enable Chinese guests in the region to pay for products onboard using the mobile payment platform, said to be the most popular in China. Carnival’s largest brand in China – […]

Retail Asia06/06/2017
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6min0
China’s Tencent Holdings Ltd. is using its vast social-media network to attract luxury-fashion brands to its WeChat app, potentially opening a new frontier in online retail. France’s Longchamp and the U.K.’s Burberry Group PLC have begun selling handbags and clothes on WeChat, China’s most popular messaging app. LVMH Moët Hennessy Louis Vuitton SE’s Givenchy and […]

Retail Asia03/06/2017
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2min0
Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday. At a signing ceremony in Berlin attended by German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Daimler signed a framework agreement to upgrade production facilities at […]


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