China
Largest food retailers in China revealed
China’s food retailers have witnessed immense growth over the last few years. The major players have enjoyed fast-growing sales, thanks to the increasing number of middle class consumers with more purchasing power coupled with the rapid expansion of both domestic and international food retailers in the country.
Largest food retailers in China revealed
China’s food retailers have witnessed immense growth over the last few years. The major players have enjoyed fast-growing sales, thanks to the increasing number of middle class consumers with more purchasing power coupled with the rapid expansion of both domestic and international food retailers in the country.
Supporting market trends in the growing F&B industry
SIAL China 2017 offered an immersive and international experience to exhibitors and professional visitors. Muneerah Bee shares a round-up of the event that leverages the food trade between Asia and the rest of world.
China dominates with highest number of mall completions
Global pipeline of development drops as retailers try to strike a balance between bricks-and-mortar and e-commerce strategies.
Yunda Express joins Goodman Changzhou Logistics Centre
International property group Goodman Group secured a lease with Yunda Express, an express delivery and third party logistics services provider in China, at its Goodman Changzhou Logistics Centre recently.
China's cross-border e-commerce to reach US$190 billion in 2021
When choosing where to buy imported products online, Chinese consumers rank proof of quality as the most important (68%), followed by ability to use third-party payment systems (44%).
85.6% of millennials in China use mobile payment for offline purchases: survey
Chinese millennials use digital tools to meet functional and emotional needs (such as food, expenditure and socialising) more prevalently than their U.S. counterparts, according to a survey by Labbrand.
New interactive makeup consultant launched in Shanghai
Perfect Corp has announced that the Watsons flagship store in Shanghai has launched Consultation Mode from its successful virtual beauty app, YouCam Makeup.
Alibaba proposes to privatise Intime Retail and transform retail in China
On Jan 10, Alibaba Investment Limited, a wholly-owned subsidiary of Alibaba Group Holding Limited announced that Alibaba, together with an entity wholly-owned by Shen Guo Jun, founder of Intime Retail (Group) Company Limited, have requested the board of directors of Intime to put forward to shareholders a proposal to privatise the department store operator by way of a scheme of arrangement.
playSpot engaging more shoppers in China
Ksubaka revealed that it has broken through the 5,000 barrier of installed playSpots across China. playSpots is a sophisticated realtime analytics platform providing campaign owners with deep data driven insight into activity results. These interactive kiosks connect with consumers at the physical point of purchase — for example, in stores by oering fun mini games that take the consumer on a branded game journey. Key brand messages and information are played out through game play with rewards and hers redeemable once the session has been completed.
Conrad opens in Xiamen
Conrad Hotels & Resorts, Hilton’s smart luxury hotel brand, has opened Conrad Xiamen on the south-western coast of Xiamen Island. Owned by Shimao Group and managed by Hilton, Conrad Xiamen is the first Conrad hotel in Fujian province and the sixth in China among a portfolio that includes Conrad Hong Kong, Conrad Sanya Haitang Bay, Conrad Dalian, Conrad Macao and Conrad Beijing, and joins the larger Hilton portfolio of more than 70 hotels in China.
China has designs on fashion
As their industry shifts away from manufacturing to services and retail, Chinese consumers have embraced haute couture. Last year, China’s luxury spend reached US$16.8 billion, accounting for 20% of global luxury sales. Its expected sales will reach US$84 billion by 2020. The government’s strategy — to move up the value chain and to stimulate the consumer economy — looks sensible in the long term, says Jessie Qian, Head of Consumer Markets, KPMG China.
Why China's supply chain will set the next-gen standard
Will China be able to leapfrog more established markets to develop the next generation of supply chain solutions? Darren Smillie, Customer Supply Chain Insight manager, IGD, investigates.
Brands resonate more with affluent Chinese consumers
According to a new study from Collinson Group, a global firm specialising in influencing customer behaviour, affluent middle-class Chinese consumers are embracing loyalty programmes more than their counterparts in Hong Kong and Singapore.
Waitrose products sell online in China
Retail UK company Waitrose has started exporting to China last month after reaching an agreement to sell products online through the Royal Mail Store on Tmall Global, an online marketplace managed by the Alibaba Group.
Chinese outbound travellers shop for luxury and local brands
Digital insights firm 6Estates’ research on outbound Chinese travellers shows that distinctive local brands are as desirable as luxury brands to Chinese consumers.
Singles' Day smashes records in China
Did China’s Singles’ Day turn out to be a huge windfall for online retailers this year?
China's ageing population poses challenges and opportunities
More Than 50 Shades of Grey, published by global management consulting firm Oliver Wyman, takes a look at China’s ageing population, especially with regards to the challenges and opportunities it provides to the region’s consumer corporates.
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Retailers and brands told to harness data for growth
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The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
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