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Tag: china

Retail Asia29/12/2016
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Electronics

Apple allegedly deepening partnership with Foxconn

2min0
Apple is turning to manufacturing partner Foxconn to facilitate efforts to expand both research centers and business further into Southeast Asia, and open up facilities in China and Indonesia, according to recent reports Foxconn has been manufacturing for Apple for over a decade. While Apple’s Indonesian presence is somewhat limited at the moment, Foxconn has […]
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Retail Asia28/12/2016
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E-Tailing

China moves to regulate e-commerce

2min0
Chinese top legislature is deliberating a draft law that will regulate and facilitate e-commerce in the country. The draft law was tabled for review by legislators at the bimonthly session of the National People’s Congress (NPC) Standing Committee, which runs from Monday to Sunday. It is the first reading of the draft by the top […]
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Retail Asia28/12/2016
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Fashion

Diamonds are China millennials’ best friend

5min0
Diamonds may be a girl’s best friend, and that’s especially true of female millennials in China. According to diamond-producing giant De Beers SA, 68 percent of diamond jewellery sales in China ($6.78 billion in 2015) are driven by millennial women, many of whom are college-educated, not married and quickly cultivating a collection of the gems. Bloomberg […]
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Retail Asia27/12/2016
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Food

China authorises 22 Vietnamese rice exporters

3min0
China has authorised 22 Vietnamese businesses to export rice into its market, Việt Nam’s Ministry of Agricultural and Rural Development (MARD) announced. China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) has given only 22 firms permission to start exporting rice and rice products starting January 1, counting from the date of departure from […]
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Retail Asia27/12/2016
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Living

Ikea Centres to increase megamalls in China

5min
Centres China, Ikea Group’s megamalls unit that entered the country in 2009, is firming up plans to replicate its success in three Chinese cities across the country. Beginning 2020, it will open one megamall per year. Typically, a megamall is a shopping mall with an Ikea store, and the future ones may also have apartments, […]
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Retail Asia27/12/2016
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Food

KFC launches first AI-enabled outlet in Beijing

3min
Kentucky Fried Chicken (KFC) has launched its first artificial intelligence-enabled store in the Chinese capital city and plans to further expand its layout of smart restaurants, creating more innovative and interesting dining experiences for customers. With the cooperation of Baidu Inc, China’s largest search engine, KFC started its first smart restaurant in the Financial Street […]
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Retail Asia26/12/2016
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Living

Birde flu force cull of 22 million poultry pieces

7min
South Korean authorities have culled more than 22.5 million poultry this winter, according to an official, as part of intense efforts to contain its worst bird flu epidemic in recent history that has affected farms across the country. The total number slaughtered since November 18 accounts for about 15 percent of the country’s poultry stock. The […]
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Retail Asia26/12/2016
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Telecom

China Mobile 4G sub reaches 510m in November

2min0
China Mobile, the country’s largest mobile carrier, said its 4G subscriber base reached almost 510 million in November. This represents more than 30% of the world’s total 4G subscribers. Compared to a net increase of 16.6 million 4G users in October, China Mobile added over 12.5 million TD-LTE subscribers only last month, its slowest monthly […]
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Retail Asia26/12/2016
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Automotive

China Slaps GM With $29 Million Fine

4min
China slapped a $29 million fine on General Motors for antitrust violations, a sign of the growing tensions between the U.S. and the Asian nation. The largest U.S. automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture. The Shanghai Municipal Development & Reform Commission, which imposed the […]
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Retail Asia26/12/2016
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Fashion

House of Fraser China opens first store

1min0
British department store chain House of Fraser has opened its first standalone store in China, in Sanpower Plaza in Nanjing, the capital of Jiangsu province. Owned by Chinese conglomerate Sanpower Group, the House of Fraser China store spans six floors with more than 425,000 sqft (39,483 sqm) of retail space. It is introducing such brands […]
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Retail Asia26/12/2016
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Fashion

Nike sales saved by basketball sector

1min0
A rebound in basketball drove strong Nike sales and profit growth in the last quarter. The US-headquartered sports giant has reported a profit rise of 7.3 per cent to US$842 million in the three months to November 30, with sales up 6.4 per cent, to $8.18 billion. Excluding the impact of currency rates, profit rose […]
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Retail Asia23/12/2016
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Real Estate

SM City Tianjin open door

2min0
SM Prime Holdings says it has opened its giant new SM City Tianjin shopping centre. But some property industry sources are expressing concerns that the second-tier Chinese city is already over-malled and wondering how the centre will fare. “The Philippines biggest retail developer must be hoping that Christmas is catching on in Tianjin,” observed property […]
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Retail Asia22/12/2016
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General

How Did China’s Retail Sales Look in November?

2min
On a year-over-year basis, China’s retail sales showed strong recovery in November 2016, according to the National Bureau of Statistics of China. The country’s retail sales rose 10.8% in November, compared to 10% in October. This reading was far above the market’s expectation of a 10.1% rise, and it was the highest since January 2016. […]
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Retail Asia22/12/2016
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General

Huawei goes solar in regional deal

2min0
Huawei’s solar business has received a boost with a deal to partner with Filipino renewables generator Citicore Power. The deal, announced in Shenzen on Wednesday and reported in the Filipino press, will see the two companies partner up to deliver solar projects not only in the Philippines, but in other Asian countries including Japan. “This […]
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Retail Asia22/12/2016
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General

Opportunities in the Year Ahead for China

5min
Though next year could be a tough one for investors in Chinese real estate, the country’s economy is also more entwined with that of the rest of the world than ever before, speakers said at the 2016 ULI China Mainland Winter Meeting in Shanghai held in December. The outlook for 2017 is similar to the […]
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