Tag Archives: China

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

Alibaba-Logo-1-940x580

(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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China’s online retail sales 40 percent of global market

Smart phone online shopping in woman hand during Christmas. Shopping center in background. Buy clothes shoes accessories with e commerce web site

(Source: Inside Retail Asia | June 6, 2017) China’s online retail sales accounted for about 40 percent of the entire global market last year. This is revealed in a report released by the Chinese Ministry of Commerce which estimates the nation had 731 million internet users and 467 million online shoppers last year. Of these, 441 million were mobile shoppers, ...

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China 20 report: Shanghai, Beijing still retail beacons

Women Shopping

(Source: Inside Retail Asia | June 1, 2017) While their economic lead has narrowed, Shanghai and Beijing are still way ahead of other cities in terms of retailer penetration, says the latest Savills retail cities report, China 20. Started in 2014, the report compiles 16 key economic, demographic and financial indicators as well as more than 50 retailer store counts ...

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Global brands pitch Philippine franchise opportunities

05-31 Global brands pitch Philippine franchise opportunities

(Source: Inside Retail Philippines | May 29, 2017) Seven international franchises seeking Philippine partners will participate in an exclusive International Franchise Business Matching event in Manila on June 15. Six of the seven Philippine franchise opportunities are from the fast-growing food and beverage sector, while one is a learning center. The event is being organized by VF Franchise Consulting, whose ...

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SM China wins award for fifth year

05-30 SM China wins award for fifth year

(Source: Inside Retail Philippines | May 26, 2017) SM Investments Corporation (SM) has been honored in the Global Chinese Business 1000 Awards for Outstanding Performance. It is the fifth year that SM China has received the award from Yazhou Zhoukan (YZZ), a leading Chinese business magazine behind the awards. “We are truly honored and grateful to be recognized once again ...

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Walmart China launches online flagship

05-29 Walmart China launches online flagship

(Source: Inside Retail Asia | 25 may 2017)   Walmart launches its official Chinese flagship store today on online retail platform JD.com. This means Chinese customers can shop online for their everyday needs with the same 90-day return service Walmart offers at its brick-and-mortar stores, which have been open in China for more than 20 years. Walmart chose more than ...

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