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Consumer


China world’s new wine hot spot

WITH a middle-class increasingly thirsty for reds, whites and Italian bubbly, China is the hot ticket for wine traders looking for opportunities at this year’s Vinexpo industry extravaganza. The world’s ...

June 23, 2017, Friday


JD.com in US$397m Farfetch investment

JD.COM, China’s No. 2 e-commerce firm, said yesterday that it will invest US$397 million in fashion retailer Farfetch UK Ltd in a major move into the luxury and fashion segment as it moves toward a comprehensive ...

June 23, 2017, Friday


China resumes US beef imports

CHINA has resumed importing US beef, fulfilling its pledge on the US-China 100-day action plan to boost bilateral economic ties. The General Administration of Quality Supervision, Inspection and Quarantine, ...

June 22, 2017, Thursday


Norway salmon returns

Norway has agreed in principle to resume exports of farmed salmon to China, Norway’s fisheries minister said yesterday. “For some weeks now there have been discussions between the food safety authorities ...

June 21, 2017, Wednesday


L’Oréal celebrates Citizen Day with volunteer action

L’oréAL China launched its 8th Citizen Day on June 16. Themed as “We are all citizens,” the annual volunteers’ event gathered more than 1,000 L’Oréal employees. With L’Oréal China volunteers and Jing’an ...

June 19, 2017, Monday


Amazon on collision course with Wal-Mart

WHEN Wal-Mart Stores Inc bought online retailer Jet.com for US$3 billion last year, it marked a crucial moment — the world’s largest bricks-and-mortar retailer, after years of ceding e-commerce leadership ...

June 19, 2017, Monday


US retail sales fall biggest in 16 months in May

US retail sales in May recorded their biggest drop in 16 months and consumer prices unexpectedly fell, suggesting a softening in domestic demand that could limit the Federal Reserve’s ability to continue ...

June 15, 2017, Thursday


Chinese luxury spending to double

CHINESE wealthy consumers’ spending on luxury goods is set to double to 1 trillion yuan (US$147 billion) by 2025, or 37 percent of the overall global luxury market, McKinsey said in a report yesterday. The ...

June 14, 2017, Wednesday


Retailers must prioritize to meet demand

RETAILERS have prioritized a clear corporate strategy and strong consumer brands to help them expand as customers shift their demand, according to the Power Ranking report by Kantar Retail. RT Mart topped ...

June 13, 2017, Tuesday


Alibaba’s Koubei to expand its offline network in Shanghai

ALIBABA'S offline service arms Koubei said it hopes to work with 150,000 vendors and service providers in Shanghai by September this year, as it seeks to build an offline ecosystem that serves a wider ...

June 6, 2017, Tuesday


 

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