China consumer news – consumption and consumer market in Shanghai and China

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Consumer

Babytree.com receives 3-billion-yuan investment

INVESTORS led by Fosun Group invested 3 billion yuan (US$441.2 million) into a maternal and infant industry website Babytree.com, in a bid to seek opportunities in kid health and education sectors. Babytree ...

November 21, 2016, Monday

Bullish retail sales

CHINA’S retail sales would hit about 48 trillion yuan (US$7 trillion) by 2020, with average annual retail sales growth at 10 percent, the Ministry of Commerce said yesterday. E-commerce trade volume ...

November 17, 2016, Thursday

Ecuadorian mangos tap into Chinese market through etailors

ECUADORIAN mangos are now entering the Chinese market through e-commerce platforms. Pro Ecuador, Ecuador's Institute of Export and Investment Promotion, announced its cooperation with the Ecuadorian mango ...

November 16, 2016, Wednesday Special

Extended Time For Cross-Border Retail Scrutiny

CHINA will extend the transition period for its supervision of cross-border e-commerce retail imports to the end of 2017 to spur e-commerce retail consumption, the Ministry of Commerce said yesterday. The ...

November 16, 2016, Wednesday

JD.com’s Q3 revenue exceeds estimates

JD.com Inc, China’s second-largest e-commerce firm, said yesterday that its third-quarter revenue grew 38 percent from a year ago, slightly ahead of analysts’ expectations....

November 16, 2016, Wednesday

Sephora China opens its 200th store in Shanghai

SEPHORA, the authoritative cosmetic retail brand, launched its 200th China store in Shanghai on October 30. This also set a new milestone for Sephora distribution network at China in 2016. It is also ...

November 14, 2016, Monday Special

Shanghai Disney Resort close to breaking even next year

SHANGHAI Disney Resort will be close to breaking even next year, senior officials said yesterday, after announcing a total of 4 million visitors between June and October. The performance helped the Walt ...

November 12, 2016, Saturday

Singles Day spree: US$1.5b in 7 minutes

GROSS merchandise volume on Alibaba’s retail platforms flew past 10 billion yuan (US$1.5 billion) with just six minutes 58 seconds after the Singles Day shopping spree kicked off at midnight. Last year, ...

November 11, 2016, Friday

Dubai opens canal in bid to boost tourism

DUBAI inaugurated a water canal yesterday after a three-year construction project costing US$735 million, in a fresh boost for tourism and commerce in the booming Gulf city state. The Dubai Water Canal ...

November 10, 2016, Thursday

Ad market reverses sales drop

CHINA’s overall advertising market edged up 0.1 percent in the first three quarters of this year, reversing from a 3.5 percent drop over the same period a year ago....

November 9, 2016, Wednesday