China
Temu expands quality assurance with global partnerships
Temu expands quality assurance with global partnerships
It aims to maintain rigorous product safety and compliance standards.
Yum China to consider quarterly dividend
The decision, if approved, will be adopted by board resolution and disclosed promptly.
China’s luxury market declines 20% in 2024
The rise of Daigou trading remains a concern for luxury brands.
JD.com launches gift-giving feature for Chinese New Year
The feature leverages JD’s supply chain to simplify gifting.
JD.com upgrades JD PLUS membership program
A key update is the "Lifestyle Service Package," which allows members to redeem PLUS credits for services.
JD Super launches direct supply chain for Chagan Lake fish
It sources fish caught within 24 hours and delivers them directly to customers.
China retail spending to grow up to 5% in 2025
Online retail is projected to grow further.
Shein increases adoption of eco-friendly denim production
The company produced 380,000 denim pieces using this method last year.
Miniso announces $550M securities offering due 2032
It will bear an annual interest rate of 0.5%.
Alibaba sells majority stake in Sun Art for $1.58b
The stake was intended to integrate Alibaba’s digital capabilities with Sun Art’s hypermarkets.
Shein joins US CBP pilot to boost import transparency
The program helps CBP prevent illegal or hazardous goods from entering the U.S.
Walmart partners with Meituan to boost e-commerce in China
Meituan will provide delivery services for Walmart products.
Over 80% of Chinese consumers now consider wellness a top priority
85% said they purchased more in the healthy-aging category.
Alibaba to sell department store unit for $1.3b loss
The sale will result in a $1.3b loss as Alibaba shifts focus back to its core e-commerce business.
Over half of Mainland China’s luxury shoppers to increase purchases in 2025
In Hong Kong, only 48% of luxury consumers share the same sentiment.
Yum China announces $360m share repurchase for 2025
This is part of a larger strategy to return $4.5b to shareholders between 2024 and 2026.
China to drive Asia’s retail growth
It is expected to account for 60% of the region’s consumption in the next decade.
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The Trade industry is beefing up its workforce to better handle complaints.
