Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns in China.
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British multi-brand beauty retailer Space NK has ended its physical presence in China, just two years after its debut there, closing all eight stores.
Disgraced Chinese coffee giant Luckin has apologised to customers and promised business as usual following a widely publicised admission that the firm had fabricated sales figures.
Alibaba group chairman and CEO Daniel Zhang has launched the “2020 Spring Thunder Initiative” to help small and medium businesses ride out the coronavirus pandemic.
Shenzhen’s multi-brand jeweller Ideal has transformed its 18-year-old traditional business model to a New Retail business virtually overnight in light of the coronavirus crisis.
Mainland Chinese retailers are discovering that a return to normal business after the coronavirus will take longer than expected.
A recovery in fast-fashion retailer H&M’s sales and profit has been muted by the impact of the coronavirus pandemic on stores across Asia.
Alibaba Group’s livestreaming channel Taobao Live is planning to attract more than 200,000 businesses to its platform this year.
Chinese chain Luckin Coffee has admitted senior executives exaggerated sales to boost the company’s worth and reputation.
Chinese e-commerce platform Pinduoduo has successfully raised US$1.1 billion in a private funding round.
Gome Retail says its revenue last year fell, but it more than halved its annual loss as its restructuring programme continued to pay dividends.
Shiwu, a lifestyle store retailing hand-made Japanese products in Nanjing, has been fitted out with mesh panels dipped in paper pulp, along with polycarbonate and OSB timber.
Jeweller Tse Sui Luen is projecting a loss of US$10.3 million for the year to March – a stark reversal from last year’s net profit of $6.96 million.