Retail

China's Home Appliance King Gome Taps New Retail

China's Home Appliance King Gome Taps New Retail

Gome Retail Holdings, one of China's largest privately owned home appliance makers, has jumped on the new retail bandwagon to go digital and local at the same time.

Sep 19, 2018
Wang Zhen
[In Photos] Wumart Takes Over Lotte Mart’s N. China Stores

[In Photos] Wumart Takes Over Lotte Mart’s N. China Stores

Five months after Wumart Stores was rumored to have acquired Lotte Mart , on Sept. 2, Wumart confirmed to media that the 21 outlets of Lotte Mart in North China have merged with its system.

Sep 7, 2018
Yicai Global
Nine West Closes Last Beijing Shoe Shop as It Retreats From China

Nine West Closes Last Beijing Shoe Shop as It Retreats From China

Nine West Closes Last Beijing Shoe Shop as It Retreats From China

Sep 5, 2018
Chen Juan
Alibaba Eyes Expansion of Its Supply Chain Platform for Convenience Stores

Alibaba Eyes Expansion of Its Supply Chain Platform for Convenience Stores

Alibaba Eyes Expansion of Its Supply Chain Platform for Convenience Stores. Alibaba’s supply chain platform Lingshoutong wants to help more…

Sep 4, 2018
Wang Hai
Sanpower Group to Flog More Assets After Selling House of Fraser

Sanpower Group to Flog More Assets After Selling House of Fraser

Sanpower Group to Flog More Assets After Selling House of Fraser. Sanpower Group, the Chinese conglomerate which sold its 89…

Aug 28, 2018
Le Yan
Consumption Made Up Three Quarters of China’s First-Half GDP Growth

Consumption Made Up Three Quarters of China’s First-Half GDP Growth

Consumption Made Up Three Quarters of China’s First-Half GDP Growth. End-user consumption was the key driver behind China’s economic development…

Aug 3, 2018
Tang Shihua
 China’s Second-Quarter GDP Growth Slipped to 6.7% But Still Met Expectations

China’s Second-Quarter GDP Growth Slipped to 6.7% But Still Met Expectations

China’s Second-Quarter GDP Growth Slipped to 6.7% But Still Met Expectations. China’s economic growth slipped to 6.7 percent in…

Jul 16, 2018
Zhu Yanran
Xiaomi Aims to Open 1,000 Stores Within 18 months

Xiaomi Aims to Open 1,000 Stores Within 18 months

Lei Jun, the founder of soon-to-go-public Chinese electronics firm Xiaomi has repeatedly set out plans to increase the number of…

Jun 30, 2018
Wang Lina
Balenciaga for USD2 Per Day; China's E-Tailers Offer Luxury at Basement Prices

Balenciaga for USD2 Per Day; China's E-Tailers Offer Luxury at Basement Prices

Customer-to-customer marketplaces for renting luxury fashion apparel have become the latest chapter in China's sharing-economy chronicle, offering designer handbags for…

Jun 29, 2018
Emmi Laine
Shanghai Shopping Hub Set to Reopen After Renovations

Shanghai Shopping Hub Set to Reopen After Renovations

Renovations at Shimao International Plaza, one of Shanghai’s major fashion malls, are close to completion and it is set to reopen this September.

Jun 27, 2018
Miao Qi
Japan’s Mini-Marts Bull Their Way Into China, Burgeon

Japan’s Mini-Marts Bull Their Way Into China, Burgeon

Japan's convenience stores are aggressively penetrating the Chinese market, with the country’s three major chains having opened about 5,500 outlets…

Jun 26, 2018
Xu Wei
Tencent-Backed Fresh Grocer Bolsters Supply Chain With Pork, Fish Investments

Tencent-Backed Fresh Grocer Bolsters Supply Chain With Pork, Fish Investments

Yonghui Superstores, the fresh produce chain backed by Chinese tech giant Tencent Holdings, will invest close to CNY300 million (USD50…

Jun 15, 2018
Tang Shihua