China
Consumer confidence crucial to China's economic recovery
Households suffered a large income shock in Q1.
Consumer confidence crucial to China's economic recovery
Households suffered a large income shock in Q1.
How far will China's online food market thrive?
E-commerce platforms have recorded massive surges in fresh food sales.
Weekly News Wrap: Virus fears drag China's retail sales; Indians still focused on essentials post-lockdown
And luxury foods in Japan take hit as restaurants struggle.
JD.com invests $100m in Gome Retail
They aim to achieve resource sharing in logistics and installation services.
JD.com opens two 7FRESH supermarkets in Sichuan
One of the stores span over 8,000 sqm.
China's Meituan Dianping posts $221.27m loss in Q1
The food delivery giant warned that business will be affected by the pandemic in 2020.
Luckin Coffee sacks CEO and COO after sales fraud
The sales amount associated with the fraud hit $310m.
Locals to dominate China's consumer spending
Luxury and cosmetics segments are tipped to benefit the most.
Cold-chain network may gain ground in China's meat industry
Larger players will gain the most from the greater attention on food safety.
Chinese food retail giants to gain from internet-savvy buyers
Concerns on food availability have compelled consumers to download grocery apps.
China faces lower consumer spending amidst rising inflation, unemployment
Rise in meat and vegetable prices has driven the inflation rate to 5.2%.
China's consumer confidence tipped to improve in Q2
Local governments have launched incentives to stimulate consumption.
Alibaba A.I. Labs launches hospitality robot
With the robotics industry revolutionising the world, Alibaba A.I. Labs has launched service robots for the hospitality sector starting in October.Alibaba A.I. Labs is the department leading consumer artificial intelligence (AI) product development at Alibaba.
Digitising operations helps 7% of Chinese companies outperform peers: Accenture
A small minority of Chinese companies are leading their industries and achieving higher profits by digitising their operations and innovation processes to transform their businesses and unlock new growth opportunities, according to new research by management consulting company Accenture.
Google's Demo Day Asia debuts in China
Sydney-based freight management firm FreightExchange is one of 10 start-ups selected to pitch to top global investors on 20 September in Shanghai as part of Google’s Demo Day Asia.
Airwallex closes Series B fundraising with US$80m
International payments company Airwallex recently announced the successful completion of its Series B fundraising. The company has now secured US$80 million from venture capital investment, taking their total fundraising to US$102 million.
Starbucks, Alibaba Group to transform the customer experience in the coffee industry in China
Starbucks Coffee Company and Alibaba Group Holding recently announced a deep, strategic New Retail partnership that will enable a seamless Starbucks Experience. Collaborating across key businesses within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao and Alipay, Starbucks announced plans to pilot delivery services beginning September 2018, establish “Starbucks Delivery Kitchens” for delivery order fulfilment and integrate multiple platforms to co-create a virtual Starbucks store – a more personalised online Starbucks Experience for Chinese customers.
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1. Payment cards drive over 50% of Australia's e-commerce transactions 2. foodpanda launches house brand ‘bright’ 3. Half of Asian consumers prioritise inner beauty in F&B choices 4. Sephora launches DRUNK ELEPHANT in Mainland China 5. FairPrice Group offers over $4.5m in May Day discountsAwards
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