Tag Archives: China

Samsonite Asia heightens focus on China

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(Source: Inside Retail Asia | 24 February 2017) Branded luggage-maker Samsonite Asia aims to make China its biggest market within five years, pinning its hopes on eCommerce and social media to fuel growth. While sales in China now account for more than 10 per cent of its total revenue, Samsonite CEO Ramesh Tainwala says they are likely to double by ...

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Alibaba forms partnership with high street retailer Bailian group

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(Source: Tech Wire Asia | 21 February 2017) China’S e-commerce giant, Alibaba Group Holding Ltd, has formed a strategic partnership with traditional bricks and mortar retailer Bailian Group to use big data to improve sales. The state-owned Shanghai based high street retailer is the largest by store numbers to join forces with Alibaba in its new effort to capture a ...

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Missile move hits Lotte Group in China

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(Source: Inside Retail Asia | 07 February 2017) Hit by fallout from the Korean government’s plan to deploy a US-made missile shield, the Lotte Group is shutting three retail shops near Beijing. Korea’s fifth-largest conglomerate, Lotte was hit by a series of regulatory investigations into its China business in December after striking a deal with the Korean government a month ...

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China bullies South Korea at its own risk

South Korea Cosmetics

(Source: Retail in Asia | 13 January 2017) China can only do so much to make life harder for South Korea. Beijing appears to be taking economic revenge against Seoul over a missile defence deal with the United States. Sectors riding the “Korean wave” in China, such as cosmetics, tourism and entertainment, are hurting. But $100 billion-plus manufacturing ties between ...

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China’s retail growth slowing

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(Source: The Standard | 14 November 2016) China’s retail sales growth slowed to 10 percent on-year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world’s second-largest economy. October’s industrial output growth matched the previous month’s figure at 6.1 percent, the National Bureau of Statistics said, also slightly below forecasts in a ...

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China economic growth holds steady as retail spending rises

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(Source: Inquirer.net | 19 October 2016) China’s economic growth held steady in the quarter ending in September as trade weakened but consumer spending rose. The economy expanded by 6.7 percent compared with a year earlier, the government reported Wednesday. That was in line with the two previous quarters and better than some forecasters expected. “The general performance was better than ...

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Chinese cross-border eCommerce has peaked

E-commerce And Online Shopping

(Source: Inside Retail Asia | 14 September 2016) Chinese cross-border eCommerce has reached a turning point, says new research from Oliver Wyman. Spending online offshore by Mainland Chinese reached RMB 120 billion (US$17.963 billion) in 2015 according to iResearch, and is expected to grow more than 60 per cent, reaching 7 per cent of total Chinese eCommerce value by 2018. ...

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Fast food giant eyes Jollibee China expansion

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(Sources: Inside Retail Asia | 22 July 2016) Philippine fastfood giant Jollibee Foods Corp is keen to expand its footprint in China. Jollibee China is likely to add 20 to 40 new stores to its 400 outlets, according to Jollbee CEO Ernestro Tanmantiong. He said the company continues to target 5 to 10 per cent growth in stores. “We are ...

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China’s Yuan Policy Does Struggling Hong Kong Retailers a Favor

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(Source: Retail in Asia | 9 May 2016) Hong Kong’s embattled retailers are finally getting a break. After mainland tourist arrivals plunged last year as policy makers devalued the yuan, foreign-exchange moves may now encourage shoppers back to the city by making alternatives such as Japan and Malaysia more expensive. China’s central bank has this year kept the yuan closely ...

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PRG China expanding in confidence

Woman Holding Colored Shopping Bags In A Mall In Her Hand

(Source: Inside Retail Asia | 13 April 2016) Despite economic growth cooling, Parkson Retail Group (PRG China) is confident about its shopping mall opening this month in Qingdao. This confidence is underlined by an Asian Development Bank prediction that the Chinese economy will grow 6.5 per cent this year, with retail sales expanding 10.6 per cent in the first two ...

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