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Retail Asia26/05/2017

Asian pop idol Luhan is the newest celebrity brand ambassador for L’Occitane in mainland China. The south of France brand, which produces plant-based skincare and cosmetics, has featured Luhan on the brand poster of the L’Occitane Cherry Blossom body and hand-care collection. He is pictured standing in front of the pink blossoming cherries dressed in black. Drawing inspiration from Provence […]

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Retail Asia26/05/2017

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PAR International (“SPAR”) and Yunnan Anning Jinfang Commercial Group (“Jinfang”) have announced a new partnership agreement authorising Jinfang to grow the SPAR Brand in Southeast China across Yunnan Province, Liu Pan Shui City, Bijie City, Buyi and Miao Autonomous Prefecture, and Anshun City in Guizhou Province. Jinfang will invest in converting 32 stores to the […]

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Retail Asia24/05/2017

Yum China Holdings said this week it has purchased a controlling stake in Daojia, a food delivery firm, in a bid to improve the restaurateur’s outgoing food business. The operator of US chains Pizza Hut and KFC in China, Yum China has been in talks with Daojia since November, where it was reported by Reuters […]

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Retail Asia24/05/2017

Alibaba Group said Wednesday it has sued a seller of fake spirits, seeking RMB123,000 (US$17,835) in damages. The Shanghai Xuhui District People’s Court previously found defendant, Xu Wenqiang, had violated Yibin Wuliangye Group Co. Ltd.’s “Wuliangye” liquor trademark and ordered him to pay the brand owner RMB70,000 (US$10,150) for economic losses and expenses. Alibaba’s civil […]

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Retail Asia24/05/2017

Germany’s Volkswagen AG and Anhui Jianghuai Automobile Group have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday. The National Development and Reform Commission (NDRC), China’s top state planner, gave a green light to JAC and VW to build 100,000 pure battery electric vehicles […]

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Retail Asia24/05/2017

Alibaba Group’s first-quarter revenues surpassed industry estimates for the three-month period ending March, as the Chinese e-commerce giant witnessed strong growth in new business lines beyond online shopping. Total revenues for the last quarter reached 38.6 billion yuan (US$5.6bil), well above an average forecast of 36 billion yuan according to Thomson Reuters. “Our revenue base […]

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Retail Asia23/05/2017

Growth in China’s economy has long centered on the coast, where Shanghai and the Pearl River Delta form some of the world’s most productive regions on their own. But now that tide of internal migration that drew hundreds of millions of workers from the farm to factory is shifting, and lifting the economic prospects of the country’s […]

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Retail Asia23/05/2017

As the luxury industry discusses Snapchat’s marketing possibilities and, more recently, Instagram’s latest filter feature, brands looking toward the China market are facing a completely different short video industry. It’s one that has witnessed rapid development thanks to the popularity of smartphones and upgraded communication networks in China. In March this year, Kuaishou, a popular […]

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Retail Asia22/05/2017

Chinese demand has helped boost supercar sales around the globe to double-digit growth, according to a new report by automotive market research company Jato. While the United States remains the largest market for ultra-luxury car sales, China is close behind at number three, with demand last year jumping 54 percent to about 4,400 units. To […]

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Retail Asia22/05/2017

China’s JD is reportedly currently negotiating with PT Tokopedia, an e-commerce company in Indonesia, for a potential investment deal. If an agreement can be reached, it will help JD accelerate its expansion in Indonesia, one of the largest markets in Southeast Asia. JD has implemented initial negotiation and the Chinese e-commerce giant may invest hundreds […]

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Retail Asia22/05/2017

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Volkswagen AG’s joint venture in China, FAW-Volkswagen Automobile, will recall 577,590 Golf and Sagitar cars because of a headlight fuse defect that may lead to safety risks, the quality watchdog said. The recall covers 416,364 Golfs produced between September 2009 and May 2014, and 161,226 Sagitars produced between July 2010 and March 2012, said the […]

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Retail Asia19/05/2017

With 78 percent of affluent Chinese consumers purchasing high-end goods on mobile devices, luxury marketers must amplify their online efforts to further facilitate mobile conversions, according to a new report from Emerging Insider. Emerging Insider’s “The Purchasing Habits of China’s Affluent Population” report found that as consumers’ comfort with mobile commerce has grown, digital marketing […]

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Retail Asia19/05/2017

Huawei has signed an Alliance Memorandum of Understanding with Infosys to explore joint solutions in the Business Support Systems (BSS) domain. The company has also announced to expand its Telco OS Partner Program to stimulate joint go-to-market approaches and solutions with Service (SI) partners. The Huawei Telco OS Partner Program is a communications industry-specific partner […]

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Retail Asia19/05/2017

Chinese dairy company Yili is bidding to buy Stonyfield, one of the top organic yogurt manufacturers in the U.S. and a holding subsidiary of the French dairy giant Danone. Stonyfield was founded in 1983 and Danone started purchasing Stonyfield shares from 2001 and gradually controlled the company. In 2016, Stonyfield’s turnover was about US$370 million and […]

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Retail Asia19/05/2017

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Shares of Walmart gained more than 3% on Thursday after the company posted better-than-expected earnings results. Despite a brutal industry landscape, America’s largest brick-and-mortar retailer is thriving thanks to its success in key segments. One of the biggest takeaways from Walmart’s latest report is the growth of its e-commerce unit. In an effort to catch up […]

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Retail Asia18/05/2017

Yum China is betting that more consumers will continue to order Pizza Hut and KFC food via their smartphones for speedy delivery to their homes and work. Yum China Holdings Inc is buying a controlling interest in online food delivery company Daojia.com.cn for an undisclosed sum. Founded in 2010, Daojia.com.cn is an online food delivery […]

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Retail Asia18/05/2017

Alibaba Group’s 2016 net profit missed analysts’ estimates, even as revenue soared to a record, as a larger tax bill and investments in cloud computing weighed on results and crimped income from China’s growing preference for online shopping. Net income fell 42 per cent to 41.23 billion yuan in the year ended March 31, even […]

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Retail Asia17/05/2017

CEO of Starbucks China, Belinda Wong hailed last week the success seen in the company’s China business after teaming up with social media and payment platform WeChat. “Partner and customer enthusiasm for the Starbucks brand and the momentum in Starbucks China business have never been greater,” Wong said. “We saw growth in all categories and […]

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Retail Asia17/05/2017

China’s retail sales, a key indicator of consumption, grew 10.7 percent year on year in April, 0.2 percentage points slower than the March level, official data showed Monday. Total retail sales of consumer goods hit 2.73 trillion yuan (about 395.4 billion U.S. dollars) last month, according to the National Bureau of Statistics (NBS). It increased […]

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Retail Asia16/05/2017

Sports brand Peak has released its first 3D printed running shoes in Beijing, the first-ever Chinese firm to successfully launch the innovative sneakers. Dubbed ‘Future I’, the sneakers are being sold on local e-commerce platform Tmall for RMB1299 (US$188). The 3D printed running shoes are based on the most popular Peak FLY V, with 3D […]

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