China
Baijiu sales growth in China propelled by banquet demand
Baijiu sales growth in China propelled by banquet demand
The distributors’ average advance payments grew by 7% YoY in Q3 2023.
JD.com breaks records for 2023 Singles Day Grand Promotion
Transaction volume reached more than $137.18m.
Alibaba’s Taobao and Tmall achieve record growth for 11.11 sale
Over 400 Brands from Taobao and Tmall channels have exceeded more than $13.7m.
Birkenstock appoints Tiffany Wu as Greater China MD
The appointment will include the company’s expansion over the Chinese growth region.
JD.com rolls out authentication services for imports
JD Smart Check will enable a seamless and secure inspection process for products.
Around 3 in 4 shoppers planning to cautiously spend on Singles Day
Consumers are becoming more value-conscious for their Singles Day spending.
Consumers search for value to define Singles’ Day 2023: report
Around 62% of respondents will spend $410 for the biggest shopping event in China.
Dufry signs as master concessionaire at Wuhan Tianhe Airport
The Swiss-based retailer has recently merged with global catering leader Autogrill.
SHEIN buys UK-based retailer Missguided
Missguided products will become available on all SHEIN sites and platforms.
JD.com sees above ¥100m sales in first 5 minutes of ¥10b-discount programme
Its sales and user order volume were four times higher than 2022’s figures.
InCity Chongqing opens in city’s tallest tower
The retail mall is home to over 200 brands.
L’Oréal invests in China-based biotech company
This partnership will allow L’Oréal to solve the incompatibility and instability of raw materials.
JD.com launches Green Impact Partners Alliance
Its inaugural partners include FMCG brands Breeze, OMO, and BABO.
DFS to open 7-star luxury retail, entertainment destination in China
It is projected to see around 16 million visitors per year by 2030.
Starbucks China promotes COO to executive vice president, co-CEO
Molly Liu’s appointment will take effect on 2 October.
Wolverine World Wide sell Hush Puppies IP in China
It will continue to own and operate the Hush Puppies brand in other markets.
Overall retail vacancy in China’s 16 major markets down to 11.01% in Q2
Brands are opening their first stores or are accelerating their expansion in China.
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This has already led to improved click and conversion rates for the group.
