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Shanghai Fashion Week goes digital with Alibaba

Shanghai Fashion Week is partnering with Alibaba’s B2C marketplace Tmall to hold its first fully digital event due to restrictions on gatherings caused by the coronavirus outbreak.

JD to issue US$212 million in coupons to boost post-coronavirus economy

JD is collaborating with various brands to provide RMB1.5 billion (US$212 million) in promotional coupons to stimulate sales across Mainland China.

Menswear chain China Lilang flourishes from move into malls

Menswear manufacturer and retailer China Lilang has reported a 15.5 per cent increase in sales for last year to US$515.78 million.

Apple limits online sales of iPhone as stocks shrink

Apple has placed restrictions on bulk purchases of its iPhones in some Asian territories after the coronavirus outbreak caused interruptions to supply.

Xiaomi reopens 1800 stores across China

Chinese tech retailer Xiaomi says it has reopened more than 1800 retail stores across Mainland China and that the majority of its suppliers had resumed production.

Muji parent Ryohin Keikaku caught in US$68 million tax dodge

Muji store parent Ryohin Keikaku has been found to have dodged paying US$68.3 million in tax by transferring taxable income to its operations in China.

Burberry sales slump 50 per cent in wake of coronavirus

Burberry sales have declined by between 40 per cent and 50 per cent during the last six weeks as the coronavirus crisis takes its toll on retail.

Luk Fook sales plummet by half in first two months of 2020

Hong Kong jeweller Luk Fook says its sales halved during the first two months of this year as the coronavirus outbreak caused extensive lockdown of mainland Chinese cities.

Tencent costs surge as competition Bytes

Soaring costs saw Tencent Holdings report a net income of US$13 billion for last year, after a slow fourth quarter.

Asian sales hold up for Samsonite International

A soft North American market saw global sales for luggage maker and retailer Samsonite International slip 1.8 per cent in the December year.

Featured store: Pinzhen Galleries Beijing flagship

Take a look inside Beijing’s Pinzhen Galleries flagship store designed by Studio8, a stunning reinvention of a former pawn shop chain called Huaxia.

Dire retail sales in Mainland China a harbinger for rest of the world

Retail sales in Mainland China slumped by 20.5 per cent in the first two months of this year according to government figures – providing a glimpse of what lies ahead for retailers in other countries.