China
Alibaba to sell department store unit for $1.3b loss
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.
Cole Haan, HiMaxx partner to expand in China
The partnership includes the creation of a new HiMaxx premium division dedicated to Cole Haan.
Yum China launches digital supplier recruitment platform
It simplifies engagement, reduces manual workload, and enhances transparency.
BHG Retail banks on membership data to drive sales
The Singapore Exchange-listed firm says Chinese consumers prefer to exercise and eat out.
China retail sales to decline in 2025: report
Home appliances, online retailing, PCs and smartphone sales most likely to drop.
China e-commerce market to hit $3.6t by 2028
It will be fueled by a shift in consumer preference to online shopping.
Why China’s dairy industry slowing down
Economic and demographic forces are amongst the major factors slowing the industry.
Alibaba merges e-commerce units
It will unify the Taobao and Tmall Group with the Alibaba International Digital Commerce (AIDC) Group.
Ferrero takes home FMCG Asia Awards 2024 for upgraded music campaign
Kinder Bueno remixed a popular Douyin song and amplified via social and digital platforms.
Chinese dairy producers target adult nutrition as infant formula demand declines
The baby milk sector in the country is expected to see up to 3% annual decline from 2023 to 2029.
JD Super to launch over 1,000 new int’l brands
80% of Chinese consumers are interested in imported goods.
CDFG and IPPG partner to boost tourism and retail sectors
It is also set to strengthen economic and trade ties between China and Vietnam.
JD Global Sales expands to Malaysia and Thailand ahead of Singles Day
It also offers free shipping options.
L’occitane launches botanical lab pop-up in Hainan, China
It has four distinct zones, each designed to engage the senses.
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