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Retailing

TikTok Shop is pushing into Spain and Ireland as soon as December, according to several merchants. Photo: AP Photo
TikTok

Exclusive | TikTok Shop expands to Spain, Ireland amid global e-commerce push

The short-video app and its owner ByteDance is under pressure to search for new revenue sources amid slowing growth.

Hong Kong property

Hong Kong university pays US$334 million for Chen Hongtian’s seized office tower

E-commerce

Most Hong Kong SMEs believe in the power of e-commerce, poll finds

Banking & finance

China’s multidecade dairy boom sours as population ages, sales slump

Sales of top dairy firms like China Mengniu and Inner Mongolia Yili fell between 9 and 13 per cent in the first half, S&P said.

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China’s falling birth rate is affecting sales of the dairy industry. Photo: AFP
Apple

Apple’s Cook makes third trip to China in 2024 amid iPhone slump

The CEO lauded the importance of Apple’s Chinese partners at the International Supply Chain Expo in Beijing.

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China economy

Shanghai banks on top international artists to draw tourism spending

A recent month-long arts festival drew 20,000 visitors from abroad, according to organisers, boosting officials’ confidence in the strategy.

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Icons and Influencers

How Adrian Joffe and his wife Rei Kawakubo started Dover Street Market

Comme des Garçons’ sister brands are among the labels found in the stores in London, New York, Los Angeles, Singapore, Beijing, Tokyo and Paris.

How Adrian Joffe started Dover Street Market with his wife, Comme des Garçons founder Rei Kawakubo. Photo: Handout
Smartphones

Oppo brings back premium Find X smartphones to global markets

The Chinese Android handset maker is making a renewed push in the premium segment in Southeast Asia and western Europe.

Alibaba

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

The merger of Alibaba’s domestic and overseas e-commerce businesses is expected to improve the firm’s operational and financial performance.

Amazon

Amazon invites Chinese sellers to new bargain marketplace Haul

The US e-commerce giant is aggressively promoting its new budget-shopping platform this holiday season to take on Temu and Shein.

Amazon is inviting Chinese merchants onto its new budget-shopping platform. Photo: AFP
What to do in Hong Kong

Your guide to Hong Kong shopping this weekend, November 22-24

A bonanza of Christmas pop-ups has appeared for those keen to get in the festive spirit. For those eager to get away, a design fest awaits.

“Wrap It Up! A Christmas Atelier at Landmark” is one of several Christmas pop-ups people in Hong Kong can visit this weekend. Photo: Landmark
E-commerce

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

E-commerce

China’s second-richest man blasts Pinduoduo for hurting domestic brands

The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.

Starbucks

Is Starbucks seeking help from a partner to regain its perk in China?

Starbucks is ‘working to find the best path to growth, which includes exploring strategic partnerships’, according to a statement.

A queue at a Starbucks cafe in Kunming city, in Yunnan province on 28 April 2011. Photo: ImagineChina.
Smartphones

Apple’s iPhone sales fall during China’s Singles’ Day shopping festival: report

The event’s two-week sales period saw ‘a double-digit, year-on-year decline’ in iPhone sales amid stiff competition from Chinese rivals.

This year’s Singles’ Day debacle for Apple reflects the continued cutthroat competition in China, the world’s biggest smartphone market. Photo: Shutterstock
China's economic recovery

China’s stimulus debate reignites questions of who gets what, and how

Better social welfare could increase financial security and encourage spending, while cash handouts could quickly lift consumption, economists say.

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Art

Meet the low-profile founder behind Paris’ iconic Collette boutique

Her Parisian concept store was a retail pioneer – now Sarah Andelman helps Pharrell and Chanel take a mindful approach to consumerism.

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China's economic recovery

Why are consumers in some of China’s smaller cities outspending metropolitans?

People face less daunting financial pressures and lesser debt burdens in smaller Chinese cities, with relatively stable expectations about the future.

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China’s second- and third-tier cities are seeing retail spending bounce back faster than in first-tier cities. Photo: Reuters
Hong Kong economy

Why some Hong Kong shoppers are ditching bargains in mainland China

Quality assurance, political values, human ties and ‘stubbornness’ among reasons they stay home to shop.

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Malaysia

Starbucks Malaysia confronts long-term sales decline from anti-Israel boycott

Malaysia’s largest bank has warned that the brand is likely to suffer from long-term slumping sales, despite a booming coffee market.

E-commerce

Southeast Asia is the new Singles’ Day battleground as lustre fades in China

Promotions from Chinese e-commerce platforms are infiltrating people’s lives across the region, where e-commerce is seeing explosive growth.

A TikTok Shop Singles’ Day ad flashes across a large LED screen in on the streets of Bangkok. Photo: Wency Chen
China's economic recovery

China’s luxury market loses shine as Bain study shows spending decline

China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.

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China has seen a drop in consumer spending on luxury goods, a reflection of broader economic anxieties. Photo: AP
Crime in Hong Kong

Hong Kong customs seizes 1.3 tonnes of meat, live crabs in smuggling crackdown

Items such as meat and fish were smuggled in dozens of foam boxes that were left unrefrigerated in the street for around 10 hours, authorities say.

E-commerce

Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

E-commerce

Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

A pedestrian walks by an advertisement promoting Tmall’s Double 11 shopping promotion in Shanghai. Photo: VCG via Getty Images
Vietnam

Vietnam threatens to block Chinese retailers Shein and Temu over licences

Fast-fashion retailer Shein has been selling to Vietnam for at least two years. Temu began allowing users in the country to shop last month.

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The logos of Shein and Temu. Photo: Reuters
Wellness

Think the Japanese are all super polite? Not their shoppers

An increase in abusive customers, which in extreme cases has driven workers to suicide, is seeing some Japanese companies take a stand.

Consumers

From Ikea to Muji, foreign brands still bet big on Chinese consumers

Lifestyle-product retailers are investing in new stores in China, as richer consumers continue to splurge on quality imports.

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Retailing
Latest news and features on retailing with a particular focus on Hong Kong, mainland China and Asia, covering consumer goods and services, retail strategies, shopping habits, sales results and trends.
last updated:
9 September, 2024
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