China Latest News - Inside Retail Asia

Alibaba launches Tmall Global in English portal for sellers

Alibaba has launched Tmall Global in English, making it easier for sellers of all sizes to capitalise on Chinese shoppers’ demand for quality imported products.

Global Brands Group posts another loss but says restructure on track

Trimmed-down Global Brands Group has reported another loss, but says its restructuring is on track to be completed next year.

Takashimaya to close Shanghai store, liquidate China subsidiary

Japanese department-store operator Takashimaya is to close its Shanghai department store after years of losses, and liquidate its China business.

Li Ning issues positive-profit alert

Li Ning has issued a positive-profit alert after a preliminary review of its half-year results.

Online and New Retail concepts in China driving FMCG market growth

Online and New Retail concepts in China are driving FMCG growth according to a report by Bain & Company and Kantar Worldpanel.

Hong Kong and New York options for US$1 billion Miniso IPO

The planned Miniso IPO is getting closer after it was revealed the Chinese discount goods retailer is in talks with banks.

South Korean duty-free operators chasing another boom – abroad

After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korean duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked in huge revenues on the back of soaring tourists, mostly from China. …

Dalian Wanda eyes Singapore IPO

China’s largest commercial developer, Dalian Wanda Group, is planning to list a real estate business in Singapore.

Singapore’s Paradise restaurant group plans Asia-wide expansion

Paradise restaurant group is targeting 150 outlets worldwide by 2021, with a focus on Singapore.

Oriental Watch profit steady despite sales drop

Oriental Watch’s sales fell by 15.7 per cent last year – but the company’s bottom line was only minimally affected in part due to reduced rents.

Suning to buy Carrefour China business

Suning is to buy an 80 per cent controlling stake in Carrefour China for €620 million (RMB 4.8 billion).

Tse Sui Luen store network expands, fuelling profit rise

The Tse Sui Luen store network grew by 56 during the year, to reach 473.

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