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Tag: china

Retail Asia26/04/2017
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Food

China set for online grocery boom

6min
Online grocery in China could more than double in growth between now and 2020, according to figures released today by international grocery research organisation IGD, with its current 3.1 per cent share of the country’s total grocery market forecast to leap to 6.6 per cent over the next three years. Driven by the growth of […]
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Retail Asia26/04/2017
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Fashion

Luk Fook sales recover from three-year slide

2min0
After 12 consecutive quarters of decline, jeweller Luk Fook has recorded a 2 per cent turnaround for its fourth quarter, ended March 31. The retailer says that with a relatively low base and encouraging improvement in the Hong Kong/Macau market, same-store sales growth moved back into the black for its self-run outlets. In addition, Luk […]
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Retail Asia26/04/2017
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Automotive

Unicom launches trial of Nokia VSR

2min0
China Unicom has launched a live trial of Nokia’s Virtualized Services Router for around 5,000 residential broadband subscribers. The trial in the province of Shandong involves the delivery of residential broadband over an agile network based on virtualized network functions. China Unicom is using Nokia VSR as a virtualized broadband network gateway (BNG) for residential […]
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Retail Asia25/04/2017
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Fashion

Burberry sales ‘lacklustre’ despite China boost

3min0
Strengthening sales in Mainland China and an “exceptional” UK performance helped UK luxury fashion retailer Burberry weather a weakening US market in its second half year. Same-store Burberry sales rose 3 per cent – a lesser rate than during the third quarter. The company said a recovering Mainland China market had driven growth in Asia-Pacific. […]
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Retail Asia23/04/2017
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General

Retail brands from China defying stereotype

10min
When Chinese sportswear brand Li Ning set up shop in Singapore in 2009, it took one month to sell its first badminton racket. Former world No.1 shuttler Lin Dan may have endorsed the brand, but in the eyes of Singaporeans, one detail stood out: that it is a brand from China. “Initially, they doubted the […]
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Retail Asia20/04/2017
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E-Tailing

China’s new cross-border e-commerce rules explained

8min0
The Chinese government has issued updated guidance on rules for cross-border e-commerce in the world’s second-largest economy, giving stakeholders much-needed clarity on potential changes in policy that have hung over the sector for the past year. China’s Ministry of Commerce said in a statement on March 17 that overseas goods purchased online and distributed through […]
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Retail Asia20/04/2017
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Fashion

Prada sales slip 10 per cent to US$3.3 billion

4min0
Sales for luxury group Prada slipped 10.4 per cent for its fiscal year to January 31 to reach €3.1 billion (US$3.3 billion). The result is disappointing coming just 24 hours after LVMH reported a 15 per cent increase in sales across its multitude of brands in the latest quarter, albeit that Prada’s figures are for […]
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Retail Asia19/04/2017
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Living

Vietnam beats China, South Africa in new healthcare ranking

4min0
The country topped the list in the Health Governance Capacity Index (HGCI) by Brookings Institution. The HGCI aims at effectively utilizing private investment in healthcare research and development by measuring low and middle income economies’ governance health capacity in a set of five dimensions: health management capacity, health policies, health regulations, health infrastructure and financing, […]
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Retail Asia19/04/2017
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Telecom

ZTE back to black for the first quarter

2min0
After reporting a loss for 2016, ZTE swung back to a 1.21 billion yuan ($175.6 million) profit for the first three months of 2017 – a year-on-year increase of 27.8%. The vendor reported a 17.8% increase in revenue for the quarter to 25.75 billion, due to strong momentum across its networking and smartphone businesses. ZTE […]
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Retail Asia18/04/2017
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Logistics

Kerry Logistics starts UK-China rail service

3min0
Kerry Logistics Network participated in the commencement ceremony of the first eastbound freight train from London to Yiwu with the support of a long-standing customer for this service. The project is not only a significant step forward in the Group’s development strategy in line with the ‘One Belt One Road’ Initiative, but also a strategic move […]
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Retail Asia17/04/2017
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Real Estate

Link REIT buys Guangzhou mall

3min0
Link REIT has bought a shopping mall in Guangzhou for RMB4.065 billion (HK$4.57 billion; US$588.4 million). The property, Metropolitan Plaza, is located at No. 8 Huangsha Road in Liwan District. It comprises retail space from basement level one to the third floor and two levels of parking. Its gross lettable area is about 85,732 sqm. […]
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Retail Asia17/04/2017
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Food

Strong first quarter for Yum China

3min0
Sales, profits and margins all grew, along with store expansion, for Yum China Holdings in its unaudited results for its first quarter to the end of February. Same-store sales grew 1 per cent, including growth of 1 per cent at KFC and 2 per cent at Pizza Hut Casual Dining. Total system sales grew 4 […]
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Retail Asia14/04/2017
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Fashion

Chow Tai Fook Shows Long-Awaited Sales Gains

2min
Chow Tai Fook saw positive retail sales growth in the fiscal fourth quarter, ending a long run of declines at the Hong Kong-based jeweler. Retail sales in mainland China increased 16%, with same-store sales rising 12% during the three months that ended March 31, the company reported Wednesday. Overall retail sales in Hong Kong and […]
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Retail Asia13/04/2017
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Electronics

Qualcomm, Apple go to war over licensing

3min0
Qualcomm and Apple will battle it out in court over patent licensing for technology used in the iPhone, with both filing suit against the other. Apple recently filed three lawsuits against Qualcomm, in the US, China and the UK, accusing the chipmaker of abusing its dominant market position to force Apple to pay billions in […]
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Retail Asia13/04/2017
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Telecom

ZTE, China Mobile complete NB-IoT field trial

2min0
ZTE and China Mobile have announced they have completed the operator’s first narrowband IoT (NB-IoT) field test in Guangzhou. The trial involved the validation of core network, service, terminals and wireless equipment for NB-IoT with both single mode and multi-mode networking. Testing concentrated on performance, including users’ data rate, delay and coverage enhancements. ZTE provided […]
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