China
Bright Food on acquisition spree
Chinese company Bright Food Group, which owns British cereal maker Weetabix Ltd, said it is seeking acquisitions and can pay as much as 10 billion yuan (US$1.06 billion) for a target.
Bright Food on acquisition spree
Chinese company Bright Food Group, which owns British cereal maker Weetabix Ltd, said it is seeking acquisitions and can pay as much as 10 billion yuan (US$1.06 billion) for a target.
Mulberry boosts digital effort in China
British luxury leather brand Mulberry is beefing up its digital efforts for the Chinese market.
Tmall adds IT brand Crucial
Tmall has expanded its array of brands with the addition of IT brand Crucial, which offers a wide range of computer memory upgrades (DRAM) and solid state drives (SSDs).
Santé! To record-breaking success of SIAL China
The 15th edition of SIAL China was a record-breaking event on many counts. A total of 2,385 exhibitors (an increase of 11% over 2013) took over 96,200sqm (an increase of 14% over 2013) of space at the Shanghai New International Expo Centre.
UPS expands contract logistics reach in China to serve growing demand
UPS has opened a new contract logistics distribution facility in Beijing. It said the 6,500sqm warehouse space located 19km from Beijing International Airport serves growing demand in China and is capable of servicing contract logistics orders with four-hour delivery within the metropolitan Beijing area and next-business-day orders for major cities throughout China.
China still attracts foreign retailers
Even as the Chinese economy slows and conditions become more difficult for foreign retailers, China is still the world’s second top destination for emerging market retail expansion.
Foreign brands face squeeze in China
Foreign brands are facing a sales squeeze in China as market growth slows and local companies grow and establish their presence.
Chow Tai Fook shines with gold
Hong Kong-based jeweller Chow Tai Fook said its net profit in the year to March 31 rose 32% as sales of gold products in China improved.
Walmart China to triple food safety spending
Walmart China has announced it will increase its spending on food safety to 300 million yuan (more than US$48.3 million) in 2013, 2014 and 2015, up from a previously announced commitment of 100 million yuan for the same three years.
KFC China to revamp restaurants to create social hangout ambience
US-based KFC, the biggest foreign fast-food chain in China, is planning a major revamp and makeover of its 130 restaurants in China.
WeChat users can now sell online
WeChat users can now set up “mini online stores” through the messaging app.
Muji gets onto Tmall
Japanese lifestyle retailer Muji is the latest brand to get onto the Chinese e-commerce site Tmall to cater to Chinese online shoppers.
Alibaba launches e-marketplace in the US
Alibaba has launched 11Main.com, an e-marketplace in the US with thousands of boutiques designed to replicate shopping on a local Main Street.
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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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