In August, Apple reported that sales in greater China dropped 10 percent from the prior year. While Chinese brands like Huawei, Oppo, Vivo and Xiaomi have struggled to gain traction in the U.S., they all…
BUSINESS
Why China led the ‘Great Retail Apocalypse of 2017’ and how fashion labels are reinventing themselves
This is the first year in history that has seen more luxury store closures than openings around the world, bringing a sudden halt to the relentless expansion of European and American brands. It was China…
JD.com launches luxury site targeting China’s mid-tier cities
Few luxury retailers have set up stores in these cities, prompting consumers to shop online. “Luxury brands have to have an online presence in China to help themselves reach into second- and third-tier cities whose…
Western beauty brands successfully use ecommerce to sell to China
In a country where buying online, especially via smartphone, has become the norm, Western cosmetic brands are doing well. For instance, according to market research firm Profitero, Bioderma and Maybelline dominate the category of make-up…
Made-in-China scandal continues to plunge top Vietnamese silk brand into crisis
Widespread public backlash. A raft of looming investigations. What’s next for the once-posh Vietnamese garment brand? Khaisilk is poised to face a series of investigations after a made-in-China scandal has triggered widespread calls for the…
iPhone 8 may be Apple’s least popular model in China
Whether the discount will spur sales remains to be seen. The iPhone has been losing its luster in China, where Apple has faced increased competition from local brands such as Huawei, Oppo and Vivo. Apple…
iPhone 8 launch propels Apple to growth in China after 18 months of sales dips
Beyond Apple — which is so often the focus when studying smartphone sales in China, given its importance to the company — it is clear that a few brands now dominate the Chinese smartphone market.…
A new ‘trackless electric train’ (aka a bus) starts testing in China
The new vehicle developed by China’s CRRC Corporation, one of the world’s largest train manufacturers is presented as a ‘trackless electric train’. As you can see on the pictures above and below, the train is…
Shanghai stocks post worst day in 11 weeks on fears of IPO wave
China’s securities regulator on Friday had approved nine IPOs that will raise a total of 9.5 billion yuan ($1.43 billion), more than double the average funds raised in the past weeks. That sparked fears more…
China stocks fall on anticipation of an IPO wave; Hong Kong flat
SHANGHAI, Oct 30 (Reuters) – China’s major indexes fell on Monday morning, dented by expectations of a new wave of initial public offerings and by profit-taking in consumer firms. The CSI300 index was down 0.3…
4 Highlights From Yum China’s 2017 Investor Day
It’s been one year since Yum China (NYSE: YUMC) was spun off from parent Yum! Brands (NYSE: YUM), and the exclusive licensee of KFC and Pizza Hut restaurants in mainland China is up over 50%…
China trade trip illuminating for Victoria technology firm
Justin Love had a plan in mind when he decided to join the City of Victoria’s recent trade mission to China and Japan, but over the course of a whirlwind 10 days through four cities,…
China approves IPO applications from 9 companies
BEIJING, Oct. 28 (Xinhua) — China’s securities regulator has approved IPO applications from nine companies, which will raise no more than 9.5 billion yuan (around 1.43 billion U.S. dollars) in the A-share market. Five companies…
