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Tag: china

Retail Asia28/12/2022
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General

Asian markets up after China ends travel quarantine

4min0
Asian markets rose on Tuesday after China said it would end quarantine for arrivals, spurring hopes for the revival of the world’s second-largest economy and boosting oil which continued its upward surge on fears of Russian production cuts. China has abruptly reversed its strict pandemic restrictions even as a surge in infections overtakes the country. […]
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Retail Asia07/12/2022
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Fashion

Desigual’s new store lands in Singapore’s Ion Orchard

3min0
Located in the “prime location” of the Ion Orchard shopping center, the new store features an enhanced shopping experience “so that consumers can enjoy Desigual from a new perspective,” as stated by the brand. Over this fiscal year, the company has redesigned its strategy for Asian markets. In Singapore, the brand plans to reopen its Raffles City […]
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Retail Asia07/12/2022
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Food

Chinese tea chain Mixue expands into South Korea and Japan

4min0
Mixue, a Chinese tea-based beverages brand that is set to list on the main board of the Shenzhen Stock Exchange, has recently entered the South Korean and Japanese markets. In the beginning of November, an account named “MIXUE.Japa” became active on Xiaohongshu, a lifestyle-sharing Chinese social media platform, where it released a brief opening notice and […]
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Retail Asia30/11/2022
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Fashion

Japanese eyewear retailer Aigan to exit China

1min0
The company said that Japanese eyeglasses seller Aigan will leave the Chinese market as the impact of the coronavirus dims its hopes for turning a profit. Already weak earnings in China have been squeezed further by coronavirus-related disruptions that forced temporary store closures. The Osaka-based company’s Chinese arm has lost money for seven straight years […]
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Retail Asia24/10/2022
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Finance

Swiss Banks Face a Tense Future in China

5min0
President Xi Jinping’s report to the 20th Communist Party congress hints at more tax and regulatory measures aimed at reducing wealth disparities. In the last two decades, the Swiss wealth management sector has been forced to directly confront and contend with the vagaries of the world’s two largest economies in the world – China and the […]
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Retail Asia13/10/2022
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Fashion

Swedish fashion label Filippa K launches into Mainland China

2min0
The online store features the brand’s new autumn/winter 22 collection, as well as the core women’s, men’s, active and loungewear collections. Creative Director Liisa Kessler’s first collection for Filippa K, the spring/summer 23 pre-collection, will be available from November. Filippa K’s CEO Rikard Frost said: “Scandinavian customers have loved Filippa K for many years, so […]
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Retail Asia06/10/2022
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General

Miniso launches ‘$2 plus’ concept store in Canada

4min0
Chinese retailer MINISO unveiled a new “$2 Plus” concept at the re-opening of its Vaughan Mills store in the Greater Toronto Area. The concept reflects MINISO’s aim to provide shoppers with a unique in-store experience while offering excellent value, well-designed products in response to the effects of rising inflation on consumer budgets. Having been closed for refurbishment […]
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Retail Asia26/09/2022
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Food

McDonald’s China launches its first zero-carbon restaurant

3min0
Leading fast-food chain McDonald’s China opened the company’s first zero carbon restaurant in the Shougang Park in Beijing recently part of its upcoming move to open more new green outlets in the country. The McDonald’s Shougang Park restaurant is designed and constructed in line with LEED (Leadership in Energy and Environmental Design) net zero carbon […]
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Retail Asia21/09/2022
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Finance

UBS is Hiring a Team to Filter Chinese Research

2min0
UBS has reportedly hired a team of «content reviewers» in order for its Chinese research publications to be free of any sensitivities. UBS is hiring a team of content reviewers for its Chinese research publications, according to a report citing a job ad from the bank’s wealth unit posted in July. You will ensure that all […]
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Retail Asia07/09/2022
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Fashion

Desigual plans 60 stores in Mainland China

2min0
Spanish fashion label Desigual says it plans to open 60 stores in Mainland China, including flagships in Shanghai and Beijing. The launch will be via a joint venture with E-Shine, also a local partner of listed fashion company Septwolves Industrial. Desigual aims to reach an annual turnover of US$40 million five years from now, with […]
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Retail Asia31/08/2022
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Telecom

China Mobile Partners With ZTE to Unveil World’s First 5G NTN Field Trial

4min0
ZTE Corporation has announced its collaboration with China Mobile Research Institute, China Transport Telecommunications & Information Group, the Beijing Branch of China Mobile and other partners to showcase what it calls the world’s first 5G NTN (Non-Terrestrial Network) field trial at the 5G-Advanced Industry Development Summit in Beijing. The company said in its press release […]
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