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Tag: china

Retail Asia11/01/2017
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Real Estate

CapitaLand to manage La Botanica mall

5min0
CapitaLand Mall Asia has signed its second management contract within five months, to manage the shopping mall in La Botanica, a township in Xi’an’s Chan-Ba Ecological District. The mall is being developed by (Xi’an) Property Development, a JV between CapitaLand and Hong Kong-based Henderson Land. The deal follow CapitaLand’s announcement in August that it is […]
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Retail Asia11/01/2017
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E-Tailing

Alibaba moves to privatise Intime Retail Group

5min0
Alibaba has announced a proposal to privatise the Intime Retail Group, an investment-holding company that manages department stores and shopping malls in China. Alibaba Investment, a wholly owned subsidiary of Alibaba Group Holding, together with an entity wholly owned by Shen Guo Jun, the founder of Intime Retail, have asked the board of directors of […]
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Retail Asia11/01/2017
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Food

Taco Bell China launches in Shanghai

5min0
Mexican-inspired restaurant chain Taco Bell has opened its first outlet in China, near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui business district. The restaurant has opened in conjunction with Yum China Holdings, which is the licensee of Yum! Brands in Mainland China. “Leveraging our deep insights into Chinese consumer preferences, developed from close to […]
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Retail Asia11/01/2017
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Finance

Kasikornbank expands in China with local incorporation

3min0
Kasikornbank will soon be Thailand’s second bank to be locally incorporated in China, with hopes of cashing in further on the growing trade between the two countries. Thailand’s fourth largest bank by assets is currently going through the final procedures with the Chinese authorities, with official approval to be completed by mid-2017, Chairman Banthoon Lamsam […]
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Retail Asia10/01/2017
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Food

McDonald’s China and Hong Kong deal formally announced

2min0
McDonald’s has confirmed the sale of its China and Hong Kong operations to an investment consortium for US$2.08 billion (HK$16.14 billion). Under the deal, the purchasers, Citic Limited, Citic Capital and The Carlyle Group, will open 1500 new outlets. Phyllis Cheung, CEO of McDonald’s China, says the Beijing-based Citic companies will together hold a majority […]
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Retail Asia10/01/2017
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E-Tailing

Chinese cross-border eCommerce rankings revealed

2min0
Surprisingly, Asia does not feature in the top 10 destinations of Chinese cross-border eCommerce during the holiday season. First to market, DHGate.com, a B2B transactional crossborder eCommerce marketplace, has released lists of the 10 destinations accounting for the largest volumes of shipments during the holiday season. The data includes the highest-selling product categories, the top […]
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Retail Asia10/01/2017
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E-Tailing

Alipay users set spending record

2min0
Users of China mobile wallet app Alipay hit spending records last year both online and in stores. Of the app’s 450 million users, most are in Shanghai, paying out an average US$20,400 last year, says the Alibaba spin-off company. This was 1.5 times more than they spent the previous year. While the average middle-class wage […]
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Retail Asia10/01/2017
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Food

Ippudo restaurant owner applies for listing

2min0
Ramen restaurant chain Ippudo’s owner is expected to list shares on the Tokyo Stock Exchange as early as March. The total market value of the initial offering is projected to be around 30 billion yen (US$259 million). Chikaranomoto Holdings has about 60 Ippudo restaurants as well as other brands outside of Japan. It filed an […]
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Retail Asia10/01/2017
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Logistics

China has launched its first UK-bound freight train

1min0
China has launched its first UK-bound freight train from the city of Yiwu in Zhejiang province to London. The train, which is jointly operated by the Yiwu government and China Railway Container Transport Corp., Ltd., a subsidiary of the state-owned China Railway Corporation, set off from Yiwu West Station and will leave China at Alanshankou, […]
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Retail Asia07/01/2017
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Fashion

Tax changes lower Mainland cosmetics prices

2min0
China’s new import tax regime has enabled cosmetics giants AmorePacific and Estee Lauder to lower their prices in China by up to 30 per cent. AmorePacific’s China division says it will reduce Mainland cosmetics prices for 327 lines under the brands of Etude House, Innisfree, Laneige and Sulwhasoo by 3 to 30 per cent from […]
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Retail Asia07/01/2017
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Fashion

Beijing flagship for Delvaux China

4min0
Belgian handbag brand Delvaux China has opened a flagship store, in Taikoo Li shopping centre in Beijing’s Sanlitun district. Delvaux also has boutiques in Galeries Lafayette and the Yintai Center in the Chinese capital. Founded in 1829, the brand opened its first boutique in Hong Kong in 2014 after being acquired by Hong Kong investment […]
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Retail Asia06/01/2017
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Fashion

Uniqlo China launches click and collect

2min0
Fast Retailing’s Uniqlo China casual-clothing chain has launched its click-and-collect service so online customers can pick up their orders at a store. Already working in the UK and the US, the service lets shoppers nominate a store where they want to pick up their orders. It also helps the Japanese chain boost traffic in its […]
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Retail Asia06/01/2017
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Food

Fatburger China plans big Beijing presence

2min0
Under a franchise deal, California chain Fatburger is about to establish a presence in Beijing. Known for its made-to-order burgers, shakes and fries, the brand has signed a franchise development contract with Beijing Haisiyamei Restaurant Management, which has committed to build more than 15 Fatburger China restaurants in Beijing. This follows the launch of the […]
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Retail Asia06/01/2017
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E-Tailing

Sino Grandness to sell through WeChat Food

1min0
Sino Grandness Food Industry Group’s full range of own-branded products will be sold online through Wechat Food. A mobile platform has been developed by Wechat Food, and under the agreement products such as Garden Fresh beverages, Grandness canned food and Hao Tian Yuan snack food will be available. Sino Grandness chairman/CEO Huang Yupeng says the […]
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Retail Asia05/01/2017
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E-Tailing

Baidu joins OpenDaylight Project

2min0
The OpenDaylight Project, the open source platform for programmable, software-defined networks (SDN), said Chinese search engine Baidu has joined the project at the Silver level. This follows a recent announcement by Baidu to open source one of its key machine learning tools, PaddlePaddle, and demonstrates the company’s continued commitment to open source. Growing mobile markets […]
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