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Tag: china

Retail Asia01/08/2022
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Telecom

China Now Has More Than 1.85 Million 5G Base Stations

2min0
China’s Ministry of Industry and Information Technology said that the country has now deployed more than 1.85 million 5G base stations nationwide as it pushes for its target of a total of 3.64 million by the end of 2025. According to the government website, fixed asset investment in the telecommunications industry has also increased by […]
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Retail Asia28/07/2022
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Fashion

Maybelline to shut all stores in China

3min0
The L’Oréal-owned American cosmetic brand Maybelline is gradually shuttering all of its physical stores across China as it aims to shift its focus in the market to online, the brand confirmed Wednesday. In a statement sent to local media, the brand said, “In response to changes in the market and consumer demand, Maybelline New York has been gradually […]
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Retail Asia26/07/2022
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Food

Luxury bakery chain Lady M shuts stores in Mainland China

3min0
Luxury confections brand Lady M will close all outlets on the Chinese mainland by September 10 but plans to return with a new business strategy later. The New York-based patisserie brand has 27 licensed stores in Chinese cities including Shanghai, Beijing, Shenzhen and Xiamen, as well as three food-processing plants. Customers who own prepaid cards […]
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Retail Asia22/07/2022
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Food

China scraps Covid bans on Vietnamese seafood

2min0
Chinese authorities will no longer penalize Vietnamese seafood exporters with a temporary ban if their containers are found contaminated with Covid-19, that country’s embassy in Hanoi has said. Exporters used to face a seven-day ban for every container of theirs found contaminated with the coronavirus. A seafood exporter who was once banned for three weeks said […]
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Retail Asia22/07/2022
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Telecom

China Now Has More Than 1.85 Million 5G Base Stations

2min0
China’s Ministry of Industry and Information Technology said that the country has now deployed more than 1.85 million 5G base stations nationwide as it pushes for its target of a total of 3.64 million by the end of 2025. According to the government website, fixed asset investment in the telecommunications industry has also increased by […]
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Retail Asia22/07/2022
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Telecom

ZTE Signs Partnership with Two Philippine Universities

2min0
ZTE announced that it has entered strategic partnerships with two well-known universities in the Philippines as it aims to cultivate young talents in the telecom industry under its program called the “Ultimate Service, Leading Ecosystem”. The global telecommunications giant has signed an agreement with the University of Santo Tomas (UST) and Polytechnic University of the […]
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Retail Asia18/07/2022
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Fashion

Lululemon eyes massive growth in China

2min0
Lululemon is on track to make China its second-largest market by 2026 through an extensive store expansion in the country, according to China Daily. The athleisure apparel brand said it aims to increase its store number in the country – currently 71 – to 220 over the next five years. These stores include flagship stores […]
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Retail Asia13/07/2022
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Real Estate

Central Group unveils US$825m Vietnam expansion plan

4min0
Alibaba’s grocery store chain Freshippo is searching for to boost funds at a valuation of about $6 billion, a lot decrease than a hoped-for valuation of as much as $10 billion earlier this 12 months, three individuals accustomed to the matter informed Reuters. The corporate needed to reduce its valuation expectations after China’s COVID-19 restrictions, […]
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Retail Asia08/07/2022
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Electronics

Xiaomi production in Vietnam triggers debate in China

5min0
Chinese media reports that Xiaomi has started producing smartphones in Vietnam have set off debates including expressions of disappointment and excitement in China. Xiaomi’s devices are made in Vietnam by DBG Technology, a subsidiary of Hong Kong’s DBG Electronics Investment Limited, at an $80-million factory in the northern province of Thai Nguyen, Chinese media company Sina reported […]
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Retail Asia04/07/2022
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Living

TikTok comes clean and admits China

4min0
There might be something fishy about China’s ByteDance’s short-form video app TikTok’s data security practices after all, suggests a new Bloomberg report. Former US President Donald Trump deemed TikTok a security risk and tried to ban it. He wanted the parent company ByteDance to sell TikTok’s US business. President Joe Biden revoked the ban in June 2021. Recently, some US […]
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Retail Asia30/06/2022
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General

Nestle buys New Zealand honey brand

5min0
Nestlé has added to its portfolio of health-focused assets with the acquisition of New Zealand business The Better Health Company. Financial terms were not disclosed. The Better Health Company (TBHC) is the company behind the supplement brand Go Healthy, as well as Egmont Manuka honey. Nestlé acquired the business from China asset-management firm CDH Investments […]
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Retail Asia29/06/2022
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Uncategorized

ZTE and IPMA partner for innovative project management in Philippines

3min0
ZTE has signed an MOU (Memorandum of Understanding) on strategic cooperation with International Project Management Association (IPMA) Philippines in Manila. The strategic cooperation between IPMA Philippines and ZTE Philippines further recognizes ZTE’s mature corporate project management capability. This is ZTE’s first overseas IPMA corporate membership, and the company has become a corporate member simultaneously certificated […]
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Retail Asia29/06/2022
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Telecom

China Broadnet Launches 5G Services

1min0
China Broadnet has officially launched its services, joining China Mobile, China Telecom and China Unicom to become the country’s fourth mobile operator. The state-owned telecom operator launched its official website to debut 5G mobile phone services on 27 June 2022. Integrating local radio and TV carriers across China, this service brings new developments to the […]
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Retail Asia27/06/2022
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Fashion

H&M closes Shanghai flagship after Covid lockdowns

6min0
H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Although it was open earlier this month, the three-storey building in downtown Shanghai was on Friday […]
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Retail Asia22/06/2022
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Food

Wine Australia shuts China office as exports slump

2min0
Australian government-backed industry body Wine Australia said on Tuesday that it will shut its office in Shanghai, as Australian wine imports into the Chinese market continue to slump after Beijing levied hefty tariffs on the product. It was Wine Australia’s only office in China. “This decision follows extensive consultation with the Australian grape and wine […]
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Retail Asia20/06/2022
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Automotive

Tesla Sold 32,165 China-Made Vehicles In May

2min0
U.S. electric vehicle maker Tesla sold 32,165 China-made vehicles in May, including 22,340 for export, the China Passenger Car Association (CPCA) said on Thursday. That compares with 1,152 vehicles sold and none exported in April. The Tesla factory halted work for 22 days beginning late March to comply with a city-wide lockdown in Shanghai. The […]
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Retail Asia14/06/2022
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Telecom

ZTE Lands Largest Share of China Mobile 10G GPON ONT Tender

3min0
Bandwidth-intensive 4K video, gaming and IPTV applications, coupled with emerging 5G and IoT services, spur unprecedented demand for higher bandwidth. According to the Global System for Mobile Communications Association (GSMA), the number of IoT connections will reach close to 25 billion by 2025. In addition, a surge in connected devices in homes and across industries […]
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