China Latest News - Inside Retail Asia

Hong Kong trust buys Beijing mall

The Link Real Estate Investment Trust has paid US$399.7 million for the 800,000 sqft EC Mall in Beijing’s Zhongguancun district.

Chinese retail chain targets innovators

A Chinese electronics retailer is planning a network of stores where inventors or “makers” can create products, build their business and showcase their inventions.

New stores, eCommerce drive Gome growth

New stores, refurbishments and strong eCommerce growth pushed Gome Electrical Appliances’ profit up 43.5% in 2014.

Tesco China drags down partner

Tesco China powers China Resources Enterprise to its first loss in more than 20 years.

Zara Asia boosts online presence

Spain’s Inditex Group is expanding its online shopping reach in Asia as it builds the profile of its brands in the region, with Zara the most likely brand involved.

Li & Fung takes profit hit

Hong Kong-based Li & Fung has reported a 1.4% increase in turnover, but an 18% decrease in profit for 2014.

Walmart China to add 30 stores

Walmart China plans to open 30 new stores in China this year.

Starbucks China expands in grocery

Coffee company Starbucks China has signed a joint venture with China’s Tingyi Holding Corp to manufacture and distribute ready-to-drink beverages in the grocery channel.

China business confidence worsens

China business confidence is on the decline, with the nation’s largest companies reporting a worsening sentiment in March.

UnionPay in giant duty free pact

UnionPay International has launched a privilege program featuring special discounts at 80 duty free shops in 70 airports by partnering with 16 world-renowned duty free groups.

Costs rise for Circle K Hong Kong

Convenience Retail Asia says sales in its convenience stores and bakeries rose marginally last year, but rising costs dented profits.

Jimmy Choo China plots expansion

Jimmy Choo China plans more stores as Asia drives the newly-listed brand’s global growth.


FREE NEWS BRIEFS Get breaking news delivered