China
China leads US apparel market despite shipment decline
The Asian country's shipment volume was down by 18%.
China leads US apparel market despite shipment decline
The Asian country's shipment volume was down by 18%.
Alibaba Group to invest $1.1b in South Korea for business expansion
It intends to invest $200m for the logistics hub and $100m to support South Korean SMEs.
JD.com's net income surges 132.8% YoY to $3.4b in 2023
The company’s revenue reached $152.8b, up by 3.7% from 2022.
AS Watson Group names Watsons China co-managing directors
They will replace CEO Kulvinder Birring.
Douyin surpasses JD marketplace in health product sales
It is the second largest platform for consumer health products behind Tmall.
JD.com upgrades ‘Spring Dawn Initiative’ with AI services
It now includes a store launch AI assistant, AI-driven content creation tools, and a digital presenter live streaming service.
JD.com expands free shipping offer
The minimum order value for free shipping is $8.2.
Teddy bear inventor Steiff, Melchers ink partnership for China expansion
Both companies will establish a supply chain and distribution centre in Shanghai.
Omani perfume brand Amouage opens first pop-up boutique in China
The luxury fragrance brand opened its first flagship online store on Tmall Global.
JD.com introduces free at home return service
The “Free At-Home Return” option will be featured on 90% of products on the site.
L’Oreal completes minority investment in Chinese fragrance brand
This will boost To Summer’s growth globally.
On Location, Fliggy launch hospitality e-commerce store for the 2024 Olympics
It is the first dedicated platform for Chinese customers for the 2024 Olympic Games.
DFS, Douyin partner to boost luxury travel retail shopping experience
Both entities organised two successful livestreaming events, showcasing over 80 beauty products.
JD logistics arm to use large-scale hydrogen-powered heavy-duty trucks
The deployment of the new fleet of trucks will reduce emissions by 1,000 tonnes.
China’s Dingdong authorises $20m share repurchase programme
The company may implement proposed repurchases until 28 January 2025.
Chinese consumers buy luxury items abroad due to pricing gaps
Domestic luxury spending is seen to decline to 70% from 90% during the pandemic.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. 6 in 10 Gen Zs prioritise user experience and trustworthy reviews 2. Here are key consumer trends influencing pet care sales in 2024 3. South Korea’s Paris Baguette opens first Philippine store 4. Millennials and Gen Zs drive surge in demand for RTD iced coffee 5. What drives Australia's retail transformationAwards
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