China

China's Meituan Dianping posts $221.27m loss in Q1

The food delivery giant warned that business will be affected by the pandemic in 2020.

Luckin Coffee sacks CEO and COO after sales fraud

The sales amount associated with the fraud hit $310m.

Locals to dominate China's consumer spending

Luxury and cosmetics segments are tipped to benefit the most.

Cold-chain network may gain ground in China's meat industry

Larger players will gain the most from the greater attention on food safety.

Chinese food retail giants to gain from internet-savvy buyers

Concerns on food availability have compelled consumers to download grocery apps.

China faces lower consumer spending amidst rising inflation, unemployment

Rise in meat and vegetable prices has driven the inflation rate to 5.2%.

China's consumer confidence tipped to improve in Q2

Local governments have launched incentives to stimulate consumption.

Alibaba A.I. Labs launches hospitality robot

With the robotics industry revolutionising the world, Alibaba A.I. Labs has launched service robots for the hospitality sector starting in October.Alibaba A.I. Labs is the department leading consumer artificial intelligence (AI) product development at Alibaba.

Digitising operations helps 7% of Chinese companies outperform peers: Accenture

 A small minority of Chinese companies are leading their industries and achieving higher profits by digitising their operations and innovation processes to transform their businesses and unlock new growth opportunities, according to new research by management consulting company Accenture.

Google's Demo Day Asia debuts in China

 Sydney-based freight management firm FreightExchange is one of 10 start-ups selected to pitch to top global investors on 20 September in Shanghai as part of Google’s Demo Day Asia.

Airwallex closes Series B fundraising with US$80m

 International payments company Airwallex recently announced the successful completion of its Series B fundraising. The company has now secured US$80 million from venture capital investment, taking their total fundraising to US$102 million.

Starbucks, Alibaba Group to transform the customer experience in the coffee industry in China

 Starbucks Coffee Company and Alibaba Group Holding recently announced a deep, strategic New Retail partnership that will enable a seamless Starbucks Experience. Collaborating across key businesses within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao and Alipay, Starbucks announced plans to pilot delivery services beginning September 2018, establish “Starbucks Delivery Kitchens” for delivery order fulfilment and integrate multiple platforms to co-create a virtual Starbucks store – a more personalised online Starbucks Experience for Chinese customers.

Hong Kong mall hosts multi-brand lipstick exhibition and interactive pop-up

 Who knew lipstick could be a tool for creating art? Shopping mall Harbour City recently invited American lipstick artist Alexis Fraser, better known as Lipstick Lex, to hold her first solo exhibition in Hong Kong where she planted over ten thousand kisses to make a new work of art titled Victoria Harbour Sunset.

Colour a pivotal element that influences 50%-85% of consumer purchasing decisions

Effectively integrating colour into product design and brand strategy is essential for building a strong brand and product identity.Colour is the most important design element to attract consumer attention and create a mood, influencing 50%-85% of consumer product purchasing decisions. This is according to a presentation by colour systems provider Pantone at a recent seminar organised by the Hong Kong Trade Development Council (HKTDC).

Alibaba launches ‘Malaysia Week' in China

 Alibaba Group has announced the launch of ‘Malaysia Week’, a special online promotion initiative that seeks to attract Chinese consumers to buy all-things Malaysian from the 6-12 July this year.