China Latest News - Inside Retail Singapore
More than 1 million orders were placed and processed through voice command via Alibaba’s Tmall Genie during its 11.11 Global Shopping Festival on Monday.
Hong Kong ́s Causeway Bay remains top of the world’s most expensive retail strips, with rents rising to US$ 2,745 per square feet per annum.
Alibaba’s Singles Day kicked off at minute and this year it took just 68 seconds for the first US$1 billion in turnover.
Alibaba has invested an additional US$3.3 billion to increase its equity stake in Cainiao Smart Logistics Network to 63 per cent.
The new Miniso $2 concept store launched in Singapore is achieving sales volumes four times that of the brand’s conventional stores in the city.
US apparel company HanesBrands plans to double its Champion Asia store network within two years.
Starbucks China same-store sales grew at 5 per cent in the latest quarter, while its store network is up 17 per cent year on year.
A new M&S halal range announced in the UK has been confirmed as destined for Asia.
Indian e-commerce company Shopclues is merging with Singapore-based e-commerce company Qoo10.
CapitaLand’s Chinese and Malaysian businesses have reported opposite fortunes in the latest quarter.
Alibaba Group has launched its 2019 11.11 Global Shopping Festival, taking the annual event into its second decade.
Bubble tea chain The Whale has opened its first outlet in Singapore.