Tag Archives: China

Young men are driving skincare market in China

Source: JingDaily

(Source: MoodieDavitt Report | September 4, 2017) The mainland Chinese male skincare and cosmetics market is expected to grow twice as fast as the global cosmetics market in the next two years, reaching CNY1.9 billion (US$300 million) in 2019, according to Euromonitor International. A report by Jing Daily stated that young Chinese men who are between 18 and 26, and ...

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Bedgear signs China deal with De Rucci


(Source: Inside Retail Asia | September 1, 2017) US lifestyle bedding company Bedgear has signed a partnership with Chinese retailer De Rucci Beddings to open more than 500 shops in China over the next five years. The Bedgear Performance Sleep Shops will offer a personalised customer experience including interactive technology walls. One-on-one consultations will enable shoppers to build up their ...

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Alibaba profit nearly doubles on robust revenues


(abs-cbn/AFP | August 18, 2017) Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a global e-commerce icon, has seen its New York-listed shares ...

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‘Solid’ profit growth for Dairy Farm International


(Source: Inside Retail Asia | August 4, 2017) Dairy Farm International Holdings had solid profit growth in the first half despite lower sales in its supermarkets and hypermarkets, says chairman Ben Keswick. “While the rest of the year is expected to stay challenging for supermarket and hypermarket activities in Southeast Asia, the group’s other businesses continue to make steady progress.” ...

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Internationals dominate China’s apparel market

Source: voanews.com

(Source: Inside Retail Asia | August 2, 2017) International brands are disproportionately favored in China’s apparel market, undermining local labels, a new report reveals. With double-digit growth for decades, the market has emerged as a key battlefield for brands, says The China Apparel Market: Indigo is the New Blue, a report launched by global consulting company OC&C Strategy Consultants. It ...

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TripAdvisor China partners with Thai retailers

07-16 TripAdvisor China partners with Thai retailers

(Source: Inside Retail Asia | July 7, 2017) Travel site TripAdvisor China has partnered with five retail groups in Thailand to further enhance the shopping experience for Chinese tourists in Bangkok. TripAdvisor says Chinese travelers show more interest in visiting Thailand than any other inbound market. Chinese users of its website continue to grow year-on-year by 56 percent. During the ...

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Wheelys Moby Mart ‘new future of retail’

06-27 Wheelys-Moby-Mart-1

(Source: Inside Retail Asia | June 22, 2017) An autonomous, staffless mobile store, Wheelys Moby Mart, has started undergoing beta testing in Shanghai. Its makers say it has the potential to turn any parking space into a 24-hour store, and they are even working on a self-driving version that goes to customers. The Moby offers products for immediate consumption, such ...

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Luxury brands in China are making moves on WeChat

(Source: china-briefing.com)

(Source: Inside Retail Asia | June 20, 2017) Luxury brands in China are investing heavily into e-commerce channels. More than 90 percent of them now have an account on the messaging app WeChat, double the number back in 2014. This puts WeChat on par with Weibo, a popular Chinese microblogging site, on which about 94 percent of luxury brands have ...

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Alibaba revenue set to grow 49 percent


(Source: Inside Retail Philippines | June 9, 2017 ) Alibaba Group says it is targeting revenue growth of 45-49 percent for the current fiscal year, topping consensus analyst forecasts. The guidance came from Maggie Wu, Alibaba’s CFO, speaking to investors and analysts at the company’s 2017 Investor Day. In its last fiscal year Alibaba reported revenues increased by 56 percent, ...

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India races past China to nab top spot on global retail index

Source: livemint.com

(Source: Techwire Asia| June 7, 2017) India has overtaken China in an index ranking developing countries in terms of their attractiveness for retail investment. The Global Retail Development Index, an annual report from management consulting firm A.T. Kearney, said the ranking was based on the countries rapidly expanding economy, a major increase in consumer spending and the government’s easing of ...

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