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Tag: china

Retail Asia15/05/2017
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General

AirAsia to launch new Chinese low cost carrier

2min0
AirAsia signed a joint venture agreement with China on Sunday to establish a low cost carrier (LCC), with a base in the east-central city of Zhengzhou. AirAsia (China) is a joint venture between AirAsia, Everbright Group and Henan Government Working Group, the airline said in a statement. AirAsia (China) will also invest in aviation infrastructure, including […]
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Retail Asia11/05/2017
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E-Tailing

JD.com swings to profit first, revenues surge 41%

3min0
E-commerce giant JD.com said on Monday first-quarter revenues lifted 41% for fiscal 2017, as the second-biggest online retailer in China recorded its first profit as a publicly listed company. JD.com reported net income of 239 million yuan ($35 million) for the three months ended March — its first time in the black since listing in 2014. Sales […]
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Retail Asia11/05/2017
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Fashion

Pandora grows in China and Australia

3min0
Jewellery giant Pandora had a good Q1, the Danish firm said Tuesday, with revenue from its owned retail stores leaping ahead, although not every market was buoyant. While the company saw strength in France and Italy, and Asia Pacific surged due to Chinese grwoth, the Americas saw a decline and the UK was hurt by […]
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Retail Asia10/05/2017
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Fashion

Laneige opens first flagship store in Beijing

2min0
Cosmetics brand Laneige opened its first brand image concept flagship store at Beijing apm. With an area of 139 square meters, Laneige’s new flagship store at apm features the design elements of water and light and the base tone of its overall internal design is blue and pink, which highlights the two product lines of […]
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Retail Asia08/05/2017
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Fashion

China tops US as Swarovski’s largest market

5min0
China has surpassed the US to become the biggest market for the Austrian crystal producer Swarovski, CEO Robert Buchbauer told Ladymax in an interview. Buchbauer also said that sales in China for the company’s goods reached RMB 1.7 billion ($247 million) in 2016, a 13-percent increase from the year before. The brand has long placed […]
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Retail Asia05/05/2017
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Living

Carrefour China opens its 27th store

1min0
On March 23rd 2017, Carrefour successfully opened its 27th Easy Carrefour Store in Shanghai, China. Sitting on Long Dong Avenue, the newly-opened Easy store covers an area of approximately 332 square meters with over 4,000 items. The first convenience store under Easy banner opened its door in 2004, and Carrefour China has now a total […]
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Retail Asia03/05/2017
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Fashion

Adidas China to open 2,000 new stores by 2020

2min0
Adidas AG plans to open 2,000 new stores in China by 2020, after the sports group’s business in the Asian nation grew nearly 30% last year, making it the second-largest market in the world after Western Europe. According to local media reports, Adidas AG – which covers Reebok, TaylorMade and Reebok-CCM Hockey, as well as […]
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Retail Asia03/05/2017
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Finance

Chinese digital payments reach nearly $2.9tr in 2016

3min0
Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, up twenty-fold increase in the past four years, according to a new UN study. The data show that digital payments, using existing platforms and networks, provide access to a wider range of digital financial services, expanding financial inclusion and economic opportunity throughout […]
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Retail Asia02/05/2017
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Living

Metro to open first store in Jinan

1min0
European supermarket chain Metro plans to open its first store in Jinan, Shandong province in August 2017. Located in Jinan’s Huaiyin district, Metro’s new supermarket started construction on November 15, 2016. So far, its main steel structure has been completed and main ceiling installation is nearly completed. With an area of 7,900 square meters, this […]
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Retail Asia01/05/2017
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General

Robots outgrowing factory roles in China

3min
While it has become common to see robots on factory assembly lines, in China the machines have already begun providing the elderly with care and helping raise children at daycare centres. At one of China’s largest daycare centres, in Sanhe, Hubei province, three white and round-bodied robots help give classes. The children, aged around four […]
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Retail Asia30/04/2017
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General

Growing Internet café lures Chinese company

11min
Chinese computer-peripherals firm Shenzhen Rapoo Technology (Rapoo) is penetrating the growing local Internet Café (iCafé) sector to secure a dominant position in the market. The iCafé business is a growing industry here, according to Rapoo Philippines Retail Sales Manager Lem Estiva. “A lot of well-known i Cafes, like The Net.Com (TNC) and WarGods, have started expanding […]
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Retail Asia28/04/2017
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E-Tailing

Mobile app marketer MobAir to open Shanghai office

2min0
MobAir is taking eMarketer’s prediction that total mobile ad spend in China will climb 58% in 2017 seriously. The mobile growth platform for brands, which counts AliExpress, Trivago, and Baidu as clients, is investing in Shanghai with a new office. The office will allow the startup to offer personalized services to local partners and broaden […]
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Retail Asia28/04/2017
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General

Aldi enters Chinese retail market

3min
The German retailer has a unique retail model that has captured market share around the globe, but it’s entry in China will be a little bit different.  On April 25 the company announced it had launched its Chinese presence through a collaboration with online retailer TMall Global. The collaboration was announced at a fashion show […]
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Retail Asia28/04/2017
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General

Online retail growth reflects changing consumption

3min
China’s online retail sales posted robust growth in the first quarter of the year, reflecting a changing consumption pattern, official data showed. Online retail volumes reached over 1.4 trillion yuan ($203 billion) in the first three months, up 32.1 percent year-on-year and more than double the pace of total retail sales, the Ministry of Commerce […]
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