Tag: china

Retail Asia18/01/2017
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2min0
Sales performance has improved marginally for cosmetics chain Sa Sa International Holdings for its third quarter, to the end of December. This was mainly a result of a rise in numbers of mainland customers driving a 5.4 per cent increase in the number of transactions in Hong Kong and Macau while local trade remained flat. […]

Retail Asia18/01/2017
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2min0
China’s government has issued an order for all app stores on the mainland to be registered. In a notice on its website, the Cyberspace Administration of China says its offices should ensure that records are kept on the country’s many app stores. “Many apps have been found to spread illegal information, violate user rights or […]

Retail Asia18/01/2017
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3min0
Chinese eCommerce giant Alibaba has teamed up with some of the world’s most-counterfeited brands to fight against copycats. Collaborating with such global brands as Louis Vuitton, Samsung and Swarovski, Alibaba will provide its members with big data and other support to help them block, identify and even take down listings from its marketplaces such as […]

Retail Asia18/01/2017
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2min0
Huawei and China Unicom have completed field verification of what they are billing as the industry’s first FDD-based Massive MIMO technology. The field test used the existing two-antenna receiving terminal on the 20MHz spectrum and an FDD LTE commercial terminal to achieve a peak network rate of 697.3Mbps, nearly five times that of traditional FDD […]

Retail Asia17/01/2017
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2min0
China Mobile and Ericsson have signed an agreement to cooperate on the Internet of Things as part of China Mobile’s Big Connectivity strategy. The companies signed a strategic collaboration agreement at the China Mobile Global Partner Conference in Guangzhou, China last month, and announced the development last week. As part of the agreement, China Mobile […]

Retail Asia17/01/2017
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2min0
Food chain PappaRich Malaysia is considering a Singapore IPO, possibly this year. Insiders say the company, which opened its first restaurant in Malaysia in 2006, aims to achieve a valuation of at least S$200 million (US$140 million) in the share sale. PappaRich would follow other Southeast Asia-based restaurant chains including ABR Holdings, which runs Swensen’s […]

Retail Asia17/01/2017
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4min0
Goodman Group (Goodman or the Group) is pleased to announce that it has secured five new major customer commitments totalling 98,120 sqm at the Goodman Pudong Airport Logistics Park (GPALP). The leasing success achieved reflects the continued robust demand for well located, high quality warehouse and distribution facilities in and around key gateway cities like […]

Retail Asia16/01/2017
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3min0
The global ambitions of House of Fraser’s new Chinese owners have fallen flat, management is disgruntled and profits have dived nearly 50 per cent in the first half year. That’s the analysis of Verdict Retail senior analyst Emily Stella, who says the department store’s fate is “being closely watched”. Unseasonable weather and consumer uncertainty were […]

Retail Asia16/01/2017
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6min0
Both consolidated revenue and profit rose for apparel retailer Fast Retailing Group in the first quarter of its latest fiscal year – the three months to November 30. Consolidated revenue rose 1.6 per cent year-on-year to reach ¥528.8 billion (U$4.6 billion), while profit soared 16.7 per cent to reach ¥88.5 billion. The gross profit margin […]

Retail Asia16/01/2017
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2min0
Movie investment and production company VShine Brothers has opened an oyster bar in Beijing. Its VShine Oyster Bar features interior design by A+A Workshop Design, Beijing, inspired by a marine concept. A+A Workshop Design says the aim was to create “historical charm” from the 1930s-1940s era. “We use some marine elements such as a cruiseship […]

Retail Asia16/01/2017
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1min0
Shanghai Airport Authority is seeking bidders for retail concessions at Shanghai Pudong International Airport Terminal 2 (domestic). It has 38 stores available covering a total of 3300 sqm, with multiple product categories up for tender. Likely bidders include Orient King Power, a subsidiary of the Antares Cheng-owned King Power Group (Hong Kong), which expanded its […]

Retail Asia14/01/2017
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2min0
US fast-fashion retailer Forever 21 has launched its activewear collection globally at its stores and on its website. The Forever 21 Activewear Collection provides low-, medium- and high-impact pieces in an array of soft and neon hues. The Fit and Run assortment is designed for high-impact activity and features bold prints, sweat resistance, matching sets […]

Retail Asia13/01/2017
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3min0
China has helped drive a solid half year for men’s fashion retailer Ted Baker. The UK-based chain has been rolling out concessions in the mainland with a local partner. That helped the company’s average retail square footage to rise by 8.5 per cent over the period to reach 386,252 sqft. Store openings in Indonesia – […]

Retail Asia12/01/2017
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5min0
Burberry Korea is under fire for cutting prices “too little, too late”. It’s not the first time Burberry has been criticised for its Asian pricing strategy. Last May, Jack Chuang, a partner with Hong Kong-headquartered OC&C Strategy Consultants, said that of all the luxury brands, Burberry is the one with the most significant price gap […]

Retail Asia12/01/2017
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3min0
Hong Kong-based logistics startup Lalamove has raised US$30 million in Series B funding to enable it to push into more than 100 cities in Asia by the end of the year. It is already established in 45 cities across China and Southeast Asia. Since it launched as EasyVan in 2013, the company has raised a […]

Retail Asia11/01/2017
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3min0
Mobile advertising tech company S4M has launched a service to target more than 30 million airport travellers each week. Using enriched geo-localised user behavioural and contextual data, the company wants to help brands boost their presence in 30 global airports. “Airports are more than just transit areas – they present a huge opportunity for brands […]


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