Nestle considers closing Shanghai ice cream operations
Tweet The Nestle ice cream plant located in Shanghai could soon be closed down. Speaking with Yicai.com, a Nestle employee said that the company is also reassessing its strategy for…
India to do u-turn on opening up retail market
Tweet The Indian prime ministers’s decision to open up its market to international retailers has split the government and a u-turn appears to be on the cards. The full Reuters…
Asian shoppers becoming cautious with their spending
Tweet A recent survey by credit card company Visa has revealed that internet shoppers in Asia are becoming increasingly cautious in their spending. Half of the respondents interviewed during the…
Indian government faces revolt over opening up retail industry to foreign players
Tweet A decision made by India’s government last week to allow super market giants from foreign countries to set shop there has stirred political embers. On Monday, the decision faced…
Chow Tai Fook Jewellery on target for USD 2.9 billion Hong Kong IPO
Tweet Hong Kong’s biggest initial public offering (IPO) this year could be in the offing as more and more luxury-goods companies seek to tap the growing affluence in China. Chow…
China takes a large cut of Botswana’s diamonds
Tweet Debswana, Botswana’s biggest diamond miner, said on Friday that the country’s diamond industry is set to benefit from the booming diamond market in China. Debswana’s Group Manager for Public and Corporate…
India finally opens its doors to international retailers
Tweet International retailers have welcomed India’s move to open up its USD 450 billion retail market to foreign players with one leading player telling us that “One of the world’s…
Singles Day 11-11-11 triggered surge in Chinese online retail
Tweet This year’s Singles Day in China (11-11-11) is a day most Chinese logistics companies would love to forget. Responding to online shopping promotions offered by shopping malls that day,…
Solar wars: China to investigate US of dumping cheap solar panels
Tweet China’s Ministry of Commerce could soon be investigating sales of US solar cells in the country after domestic manufacturers complained that subsidy rules were being flouted. Speaking to China…
China’s lust for gold to hit 750m tonnes
Tweet The World Gold Council (WGC) speaking in Beijing on Thursday said that China’s total demand for gold will reach 750 tonnes this year, or 13% of global demand. Unlike…
