China

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.

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.