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Latest news and features on retailing with a particular focus on Hong Kong, mainland China and Asia, covering consumer goods and services, retail strategies, shopping habits, sales results and trends.
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Banking & finance
Can Xiaomi disrupt the home appliance market like it did with EVs?
Despite early success at home, industry watchers caution that the company faces significant challenges in competing with established players.
8 Jul 2025 - 8:30AM
Hong Kong property
Hong Kong economy’s ‘mixed signals’ portend retail ‘turbulence’, analysts say
8 Jul 2025 - 7:17AM
Hong Kong economy
Hong Kong festival to feature animal-shaped hot-air balloons, Cantopop concerts
7 Jul 2025 - 7:22PM
Hong Kong economy
Retail rents in Hong Kong under pressure after vacancy rate hits 4½-year high
Analysts say shift in consumer patterns such as residents travelling to mainland for leisure has led many businesses to opt for short-term leases.
7 Jul 2025 - 7:53PM
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E-commerce
Meituan captures record orders as e-commerce war fuels demand for delivery
Daily orders surpassed 120 million on Meituan’s instant delivery service platform on Saturday; Taobao and JD.com also reported good volume.
6 Jul 2025 - 5:01PM
Hong Kong stock market
KFC, Pizza Hut operator Yum China adopts AI to spur efficiency, profitability
Digital ordering accounted for about 90 per cent of Yum China’s sales in 2024, backed by its 540 million ‘membership’ consumers.
6 Jul 2025 - 3:33PM
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Hong Kong economy
‘Sheer delusion’ for Hong Kong landlords to refuse to cut rents: CY Leung
‘If someone tries to go against the tide … he will become the victim at the end of the day,’ ex-leader says.
5 Jul 2025 - 10:28PM
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China economy
Opinion
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Chinese companies must now focus on wooing consumers at home
Re-routing exports away from the US offers only brief relief; the playbook must now start at home, with China’s vast market.
5 Jul 2025 - 9:30AM
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Asean
Opinion
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How Asian businesses can compete with China’s apex predators
China’s growing supply chains offer short-term opportunities but Asia must quickly learn from how it tests and strategically nurtures firms.
4 Jul 2025 - 10:50AM
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Apple
Apple’s China iPhone sales face headwinds in second half: Counterpoint
Sales of Apple’s flagship device ‘will stumble amid weak consumer spending and an ageing iPhone 16 cycle’, Counterpoint analyst says.
3 Jul 2025 - 8:16PM
China consumption
China’s real consumption ‘far from as low as it seems’, think tank argues
The consumption-volume gap between China and developed countries across various sectors is far narrower than mainstream metrics show, China Finance 40 Forum argues.
2 Jul 2025 - 7:00PM
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Alibaba
Alibaba’s US$7 billion subsidy deepens China’s instant shopping battle
The renewed push follows JD.com’s aggressive entry into China’s food delivery market in February.
2 Jul 2025 - 7:00PM
China economy
Opinion
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Labubu’s rise reflects hitmaker ability of China’s digital ecosystem
An ecosystem that combines e-commerce with social media, it turns users into marketers, breeds viral hits – and projects cultural power.
2 Jul 2025 - 4:30PM
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Hong Kong stock market
China’s Laopu Gold surges 15% as investors devour newly available shares
Stock hits a record, bucking concerns that newly available shares – a 40 per cent stake – would trigger a pullback.
2 Jul 2025 - 4:31PM
Coffee
China’s coffee craze creates bottomless cup of rural cafes – can the buzz last?
China’s coffee consumption has been increasing by double-digits annually, and many new ‘rural cafes’ are trying to brew success as the risk of homogenisation looms.
2 Jul 2025 - 11:00AM
China economy
Opinion
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Global hit Labubu was forged in the heat of China’s demanding market
In China’s demanding market that’s shifting towards emotionally driven spending, creative brands that succeed can look to conquer the world.
1 Jul 2025 - 9:06AM
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China’s economic stimulus
Billions misused in China 2024 stimulus, from flood controls to gym gear: audit
Dozens of localities violated conditions of receiving funds, such as for large-scale equipment renewals and consumer goods trade-ins, top audit watchdog finds.
30 Jun 2025 - 6:30PM
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China travel
Explainer
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How can you claim tax refunds as a tourist in China?
China is making it easier for tourists to claim value-added tax refunds on purchases made during their trips - here’s how it works.
30 Jun 2025 - 8:00AM
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Hong Kong economy
Elevated rents ‘big problem’ for Hong Kong restaurants as closures mount
Industry leader Simon Wong says decline in tourist spending will also hinder sector’s recovery.
28 Jun 2025 - 8:33PM
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Hong Kong economy
Hong Kong high-end supermarket chain City’super to shut its last food court
Amazing Food Hall in Causeway Bay’s Times Square will be closed from next Monday.
26 Jun 2025 - 7:26PM
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New Openings
Hong Kong’s new openings, from a Japanese bar to a pastry pop-up
Butterfly Patisserie debuts a pop-up, Next Shikaku gets a makeover, Madara opens with Japanese craft cocktails, and Loveramics launches an expanded space in Tai Kwun.
25 Jun 2025 - 6:15AM
Apple
Apple joins China’s subsidy scheme to lift sales amid heated local competition
Consumers in Beijing and Shanghai can avail themselves of discounts of up to US$278 on select models of Apple devices, including the iPhone.
24 Jun 2025 - 8:00PM
Hong Kong company reporting season
Hong Kong drink maker Vitasoy’s profit doubles to US$30 million on China demand
Company proposes final dividend of 10.2 Hong Kong cents per share, taking total payout for the year to 14.2 Hong Kong cents.
24 Jun 2025 - 7:00PM
Mergers & Acquisitions
Starbucks denies it is considering a full sale of its China operations
‘We see significant long-term potential … and are evaluating the best ways to capture the future growth opportunities,’ coffee chain says.
24 Jun 2025 - 2:54PM
Banking & finance
With The Monsters, Monkey King and Ne Zha, China IP businesses brace for growth
China’s IP sales are projected to grow at an annual rate of 17.2 per cent through 2029 after reaching US$1 billion in 2024, CICC says.
24 Jun 2025 - 8:30AM
Artificial intelligence
Yum China rolls out AI agent, to help, not replace store managers
Aiming to help frontline managers with tasks such as scheduling and inventory management, system aligns with industry’s wider AI push.
22 Jun 2025 - 3:38PM
Icons and Influencers
Meet Aimee Smale, the founder of affordable luxury clothing brand Odd Muse
Odd Muse made its London Fashion Week debut in 2023 and its Essex-native founder landed on the Forbes 30 under 30 list – the brand now has 2 stores in Covent Garden and New York City’s SoHo.
20 Jun 2025 - 7:00PM
Banking & finance
World’s most valuable toymaker loses glow in People’s Daily warning
The People’s Daily newspaper ran a commentary that railed against the ‘wilful consumerism’ of so-called blind boxes.
20 Jun 2025 - 5:12PM
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