Consumer


Luxury market to continue growth

China’s luxury market is expected to grow by low double digits in 2018 after posting the highest expansion in the past five years in 2017, with market momentum still vibrant....

January 18, 2018, Thursday


Sam’s Club plans to lift stores to 40

SAM’S Club, the membership-only warehouse retailer under Walmart, plans to have 40 outlets on the Chinese mainland from 19 now as the company expressed high confidence in the consumption power of its ...

January 12, 2018, Friday


Didi eyes own bike sharing site, set to buy Bluegogo

China’s leading ride hailing application Didi Chuxing said it would launch its own bicycle sharing platform in the near future, and at the same time, it is set to acquire local bike rental startup Bluegogo. Bluegogo ...

January 10, 2018, Wednesday


Reliving their childhood

Toys are on show at Asia’s largest toy fair, which kicked off in Hong Kong yesterday. The 44th annual Toy and Games Fair, the world’s second largest toy show, brought together 2,100 exhibitors from 45 countries and regions to the Hong Kong Convention and Exhibition Centre. ...

January 9, 2018, Tuesday


Shanghai consumers score high in Q4

SHANGHAI consumer confidence hit a record high in the fourth quarter of 2017 amid positive economic growth, but investor confidence fell slightly in the same period, a survey showed yesterday. The Index ...

January 9, 2018, Tuesday


Spotify sued for US$1.6b

The headquarters of the music streaming service Spotify is seen in Stockholm in file photo. The music streaming company was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs without a license and compensation to the music publisher. Wixen is seeking damages worth at least US$1.6 billion along with injunctive relief. ...

January 4, 2018, Thursday


ofo users may reach 2b

Bike-sharing company ofo said yesterday that it now sees 32 million rides every day....

December 28, 2017, Thursday


LG gets go-ahead for China factory

A woman looks at an LG Electronics’ TV, which is made with LG Display flat screen, at its store in Seoul. South Korea’s trade ministry said yesterday that a committee had approved LG Display’s plan to build a new organic light-emitting diode panel production facility in China. The approval comes five months after LG Display said it would invest in large-size OLED production in Guangzhou to respond to fast growing demand in overseas markets....

December 27, 2017, Wednesday


Biggest Hamleys store opens in Beijing

BRITISH toy retailer Hamleys has opened its largest store in the world in Beijing. Christmas elves, a teddy bear parade and a curiously slender Santa marked the opening of the five-story emporium — double ...

December 25, 2017, Monday


Mengniu to be World Cup’s official yoghurt supplier

CHINA’S number two dairy company will be the official supplier of drinkable yoghurt and pre-packaged ice cream at next year’s World Cup after signing an agreement with global soccer body FIFA yesterday. China ...

December 21, 2017, Thursday




 

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