China retail sector

Consumer spending in China to see ‘steady growth’

Spending is projected to grow by 6.5%YoY in 2023. 

Consumer spending in China to see ‘steady growth’

Spending is projected to grow by 6.5%YoY in 2023. 

Weekly News Wrap: India e-commerce firms ramp up hiring; US-based investor eyes IPO for $2.5b India mall portfolio

And Yonghui Fresh Food is planning to raise $120m before its Hong Kong IPO in 2023.

Shenzhen’s retail market supported by government initiatives: report

The outbreak is still slowing down the city’s retail recovery.

Watsons China rolls out Health Care Zone in over 1,200 stores

The Health Care Zone will also be accessible online. 

NIKE net income slips by 5% in Q4

Its sales were dragged by its Greater China market. 

Chinese consumers buy more high-end imported products: report

They are buying mobile phones, appliances, and beauty products from international brands.

China possible ideal market for cashier-less technology: report

The number of machine-to-machine connections has skyrocketed in four years.

L’Oreal achieves carbon neutrality across all North Asia sites

This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan. 

Shenzhen’s retail market face concerns despite expansion

Retail sales of consumer goods fell in the first quarter.

China’s FMCG retailers must compete amidst growing digitization: Bain

Retailers must focus on categories that continue to have low online penetration.

Intime’s Hangzhou store offers free rides to customers

The service does not require minimum purchases from shoppers.

Alibaba’s Intime ties up with 16 brands for recycling initiative

Around 60 recycling stations will accept used clothing for recycling.

China’s 618 shopping festival to dictate retail sector’s fortunes: report

Businesses are counting on the festival to invigorate the sector.