Yet, online sales of luxury goods still lag the overall market. E-commerce makes up less than 10 percent of luxury-goods sales in China, according to Euromonitor, because many iconic brands have been reluctant to sell…
BUSINESS
Returning China Lights festival to be ’95 percent brand new’
The beautiful China Lights festival that visited the Boerner Botanical Gardens last year is returning for a second engagement, and organizers said the 2017 festival will be “95 percent brand new.” “China Lights: The Magic…
Chinese domestic handset brands constitute 87% of Chinese smartphone market in Q2
In China, the domestic Chinese handset brands captured 87% of the Chinese smartphone market in the second quarter of 2017ETTelecom | July 24, 2017, 17:31 IST NEW DELHI: In China, the domestic Chinese handset brands…
China’s ‘relevant’ brands tap the zeitgeist
SHANGHAI: Brands looking to prosper in China need to tap into the nation’s cultural trends and position themselves in a way that resonates with key demographic groups a new study suggests. The 2017 Brand Relevance…
China detains nine for selling fake fruit brand stickers
Nine suspects have reportedly been detained in China for selling fake stickers for brands including New Zealand kiwifruit marketer Zespri, news site Shanghai Daily reported. Police seized more than two million stickers in recent raids…
‘Brands need to move at the speed of modern Chinese cultures’, report reveals
Chinese brand consultants, RTG Consulting Group, surveyed 5,000 consumers in Shanghai, Beijing, Guangzhou and Chengdu, and conducted qualitative interviews with 45 China industry experts and select consumers as part of its annual survey. The resulting…
Regulator to fast-track reform of registration-based IPO system
China’s securities regulator is set to speed up the reform of registration-based IPO system, enhancing the proportion of direct financing, China Business News reported. The China Securities Regulatory Commission (CSRC) will speed up the establishment…
China’s HNA taps Goldman for planned Pactera U.S. IPO: sources
The sprawling conglomerate has seen its banking relationships come under scrutiny in recent weeks, as Beijing reins in what it sees as excessively splashy deals by China’s top dealmakers. One of the sources said Pactera…
Hong Kong rejects IPO application of Morgan Stanley-backed insurance broker
China Everbright Capital Ltd and China Merchants Securities had been hired as joint sponsors of the IPO, according to the IPO prospectus. Under Hong Kong’s tightened rules, the regulator names IPO sponsors and issuers whose…
The Key for Brand Success in China is a Strong Digital Presence
Digital ad spending in China keeps rising, despite a minor slowdown in the world’s second-largest ad market. In fact, 57% of advertising spending in China will be directed to the internet in 2017, according to…
China’s debt specter could haunt Fed’s policy meetings
HONG KONG (Reuters) – In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing…
China’s budding online-grocery market a huge opportunity for Canadian food producers
The first time Matthew Bragg tried to sell Atlantic Canada wild blueberries in China, he sent 1.5-kilogram bags … an Oxford, N.S.-based family business that is the top global producer of wild blueberries. “They don’t…
China approves 9 IPO applications
BEIJING, July 22 (Xinhua) — The China Securities Regulatory Commission (CSRC), the country’s top securities market regulator, has approved IPO applications from nine companies. They will raise no more than 4.4 billion yuan (652.8 million…
ADVERTISEMENT
