Alibaba.com may be taken private
Tweet China’s largest e-commerce company, Alibaba Group,is planning to take Alibaba.com, its Hong Kong-listed unit, private in a move th at could slow the growth of the website. Yahoo! owns…
Walmart moves to control online retailer Yihaodian
Tweet Wal-Mart,one of the leading retailing giants in the US is planning to acquire a controlling interest in one of the most popular Chinese online retailers, Yihaodian. If the plan…
Yum! grows sales but has trouble digesting China’s wage inflation
Tweet Yum!, the owner of KFC and Pizza Hut, has delivered sales growth of USD 12.6 billion in 2011 up 11% due to the performance of its restaurants in Asia.…
Hong Kong and China are powering Swiss watches
Tweet Swiss watchmakers are seeing their profits ticking up thanks to the booming market for their products in China and Hong Kong. The Federation of Swiss Watchmakers recently released a…
China’s retail tourists are called ‘plagues of locusts’ in Hong Kong
Tweet Growing distaste by Hong Kong residents at the behaviour of tourists from mainland China are turning into exchanges of abuse on the streets and social media networks. Hong Kong…
Mocha in Mumbai? Decaf in Delhi? Starbucks launches in India
Tweet Starbucks has announced that it will open its first store in India before September 2012, after having held off for years from entering one of the world’s largest retail…
Korean chaebol-run cafes accused of anti-competitive behaviour
Tweet The new generation now running the sprawling industrial conglomerates of Korea, are shunning manufacturing and heavy industry in favour of cafes and high-end retailers. Korea’s Chaebol are family conglomerates…
Chinese online retail sales reached USD 38 billion in 2011
Tweet The size of the online B2C market in China grew by 138% in 2011 to reach RMB 238 billion (USD 38 billion) according to research by Analysys International While…
Taiwan textile manufacturers start to push their own retail brands
Tweet Taiwanese producers of clothing for Gap, Nike, Macy’s North Face and Lulelemon are starting to launch and market their own clothing brands. However, this move does not come as…
India agrees to open up shop to IKEA
Tweet The Indian government has agreed to start the liberalisation of its retail sector and allow single brand stores owned by foreign companies to trade. This will enable retailers like…
