Retail

Tencent-Backed Fresh Grocer Bolsters Supply Chain With Pork, Fish Investments

Tencent-Backed Fresh Grocer Bolsters Supply Chain With Pork, Fish Investments

Yonghui Superstores, the fresh produce chain backed by Chinese tech giant Tencent Holdings, will invest close to CNY300 million (USD50…

Jun 15, 2018
Tang Shihua
China’s Economic Indicators Ticked Up in May, Official Data Shows

China’s Economic Indicators Ticked Up in May, Official Data Shows

China’s Economic Indicators Ticked Up in May, Official Data Shows. China’s economic indicators grew steadily in May, with demand for…

Jun 14, 2018
Xu Wei
Slow-Rising Consumer Sales Last Month Were Just Short-Term Hit, NBS Says

Slow-Rising Consumer Sales Last Month Were Just Short-Term Hit, NBS Says

Slow-Rising Consumer Sales Last Month Were Just Short-Term Hit, NBS Says. China’s consumer goods sales are stilling rising quickly and…

Jun 14, 2018
Xu Wei
Balenciaga for USD2 a Day; China’s Sharing Economy Offers Luxury at Basement Prices

Balenciaga for USD2 a Day; China’s Sharing Economy Offers Luxury at Basement Prices

Balenciaga for USD2 a Day; China’s Sharing Economy Offers Luxury at Basement Prices

Jun 13, 2018
Qian Tongxin
China's Tonze Electric to Build Smart Home Retail Hub in Guangdong

China's Tonze Electric to Build Smart Home Retail Hub in Guangdong

Chinese home appliance-maker Tonze Electric will build an experience hall equipped with virtual reality products and the Internet of Things technologies in southern China's Guangdong province.

Jun 11, 2018
Tang Shihua
Tencent, Walmart Deepen Cooperation in Digital, Smart Retail

Tencent, Walmart Deepen Cooperation in Digital, Smart Retail

Tencent, Walmart Team Up to Expand US Retail Giant’s Digital Presence in China. Internet conglomerate Tencent Holdings and Walmart China…

Jun 7, 2018
Xu Wei
US Retailer Macy's Fails to Step on the New Retail Train, Exits China

US Retailer Macy's Fails to Step on the New Retail Train, Exits China

US department store Macy's will close its Chinese online shop from June 9, as the Ohio-based retailer follows Marks &…

Jun 6, 2018
Xu Wei
Walmart Closes Another Anhui Store as It Rethinks China Retail Strategy

Walmart Closes Another Anhui Store as It Rethinks China Retail Strategy

Walmart Inc. has closed the first store it built in Anhui province to leave itself with only four in the region as the retail giant eyes change in business model.

May 23, 2018
Dou Shicong
Liqun Commercial Picks Up Lotte’s East China Stores as South Korean Retailer Exits China

Liqun Commercial Picks Up Lotte’s East China Stores as South Korean Retailer Exits China

Chinese department store operator Liqun Commercial Group Co. will buy 72 stores and other assets in and around Shanghai…

May 14, 2018
Tang Shihua
Lotte to Flog Discount Stores as Group Checks Out of China

Lotte to Flog Discount Stores as Group Checks Out of China

Lotte Group plans to sell more than 50 discount stores in Shanghai and neighboring Jiangsu province as the struggling South…

May 11, 2018
Xu Wei
South Korea's Lotte Sells Part of China Business to Wumart Stores Amid Conflicting Reports

South Korea's Lotte Sells Part of China Business to Wumart Stores Amid Conflicting Reports

South Korea’s retail giant Lotte Shopping Co. has sold part of its Lotte Mart businesses in China to Wumart…

Apr 26, 2018
Xu Wei
China M&As Put APAC at Front of Retail PE Deals Last Year, AT Kearney Report Says

China M&As Put APAC at Front of Retail PE Deals Last Year, AT Kearney Report Says

The Asia-Pacific region accounted for one-quarter of all private equity deals completed globally last year in the retail and consumer…

Apr 10, 2018
William Clegg