We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
<<12345678910>> Total results:630 References Per Page:

China's E-commerce Market Forecast To Keep Growing At Full Throttle, Analysts Say

May 1, 2015: 12:00 AM EST
Although China's economic growth has slowed down to about 7 percent, the country's more than 300 million online shoppers are driving growth in its e-commerce market. China's online retail market is forecast to reach $713 billion by 2017, a growth of 142 percent compared with 2013. Data from market research firm Nielsen revealed online sales of consumer packaged goods grew 44.8 percent through May 2014, accounting for 19.6 percent of total sales in 11 major CPG categories. While online commerce is growing, the Chinese consumer is increasingly adopting mobile phones as preferred platform for online shopping, with 57 percent choosing to do so in 2014.
Supriya Chaudry, "Understanding the Online Shopper Experience in China ", CPG Matters, May 01, 2015, © CPG Matters
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Foreign Retailers Finding China A Hard Market To Crack, Report Shows

April 29, 2015: 12:00 AM EST
Foreign supermarket and hypermarket chains are struggling to cope with rapid changes in China's retail market, according to industry analysts. Still dealing with the effects of food safety scandals, Walmart said it plans to stop sales declines by increasing the number of its stores by more than 25 percent, upgrading existing stores, and launching a new online shopping app. Tesco's real estate venture failed, prompting the UK retailer to enter into a joint venture with local retail giant China Resources Enterprise. Local retailers also experienced negative growth since 2010, according to consulting firm OC&C, with competition from online retailers often cited as one of the biggest threats to brick-and-mortar operators.
Patti Waldmeir and Jamil Anderlini , "Foreign grocers struggle in fast-moving China retail market", Financial Times, April 29, 2015, © The Financial Times Limited
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Wal-Mart Says To Open 115 New Stores In China By 2017

April 28, 2015: 12:00 AM EST
Wal-Mart Stores Inc. said it plans to open 115 new stores in China by 2017. Speaking at a news conference in Beijing, Wal-Mart CEO Doug McMillon said the proposed expansion is part of the company's efforts to speed up growth in the country. Also, the company is closing some stores that are not performing as profitably as expected and is expanding its focus on the faster-growing online grocery market through its Yihaodian.com e-commerce site. Wal-Mart's expansion will include creating more than 30,000 jobs, as well as investing more than 370 million yuan to remodel more than 50 stores in 2015.
Matthew Miller and Adam Jourdan, "Wal-Mart to build 115 new China stores by 2017 in push to offset slowing growth", Reuters, April 28, 2015, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Carrefour Starts Testing Its E-commerce Business In China

April 23, 2015: 12:00 AM EST
French retailer Carrefour began testing its e-commerce site in China. During the trial phase, shoppers can order products online and receive the delivery from a store nearby. Carrefour said it will launch the online store officially in June 2015. Leveraging its retail network of almost 30 stores in Shanghai, Carrefour is the latest foreign-owned retailer to launch its e-commerce business in the country.
Shirley Zhu, "Carrefour Trials E-Commerce In China", Retail Analysis, April 23, 2015, © IGD Services Limited
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
France

Alibaba Launches E-commerce Stock Tracking Index

April 9, 2015: 12:00 AM EST
Alibaba Group Holding Ltd and its Ant Financial Services Group launched the CSI Taojin Big Data 100 Index, an e-commerce stock tracking index. Part of the company's efforts to become a full-fledged Internet financial services operator. Also, the company plans to launch MYbank online bank in June 2015, following the launch of rival Tencent Holdings Ltd's Internet bank WeBank in January 2015.
Paul Carsten et al, "UPDATE 1-Alibaba steps up China online finance network push with new index, bank", Reuters, April 09, 2015, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

L'Oreal Says China Sales Grew 7.7 Percent In 2014

March 31, 2015: 12:00 AM EST
L'Oreal reported sales in mainland China grew 7.7 percent to 14.3 billion yuan, or $2.31 billion, in 2014, compared with the previous year. According to the French cosmetics company, 2014 marked the 18th consecutive year of growth in the country, the second-largest cosmetics market in the world. L'Oreal China CEO Alexis Perakis-Valat said his company's growth in China was driven by increased investment in research and innovation, online sales growth, channel expansion, and the contribution of the MAGIC mask brand.
"L’Oreal sales rise by 7.7% in the Chinese mainland year-on-year", Global Times , March 31, 2015, © Global Times
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China

China's Cosmetics Contain Legal Levels Of Toxic Chemicals

March 26, 2015: 12:00 AM EST
In China, some skincare products contain toxic chemicals in amounts within regulated limits, according to the Beijing Consumer Association. Results of the study conducted by the group revealed some of the products contained antiseptics, arsenic, mercury, formaldehyde, and other toxic substances. Mercury is commonly found as an active ingredient in skin-whitening lotions and was found in samples of Sekkisei Supreme Revitalizing Cream I, Watsons Collagen Moisturizing and Whitening Facial Lotion, as well as in lip balms manufactured by Guerlain, Givenchy, and Shu Uemura.
"Cosmetics in China contain 'acceptable' levels of mercury, arsenic", Want China Times, March 26, 2015, © WantChinaTimes.com
Domains
China Business
Focus Areas
Sectors
Personal Care
Regulation & Legislation
Geographies
Worldwide
Asia-Pacific
China

Demand For Korean Cosmetics In Chinese-Speaking Countries Keeps Rising, Study Shows

March 25, 2015: 12:00 AM EST
Nielsen said 40 percent of consumers in China, Hong Kong, Taiwan, and Singapore who bought Korean beauty products were planning to spend more in the next months. Results of the market research firm's survey of 1,900 women in these countries revealed six of 10 consumers have only recently discovered Korean beauty brands in the past two years. Data also revealed that among the respondents, the leading reason for the popularity of Korean cosmetics was the perception that Korean-made beauty products were “new and trendy.” Consumer preference for buying cosmetics from conventional outlets, such as department stores and duty-free stores, has made South Korea a top travel destination among Chinese-speaking consumers.
Jonathan Cheng, "No Sign of Letup in Chinese Demand for Korean Cosmetics", Wall Street Journal, March 25, 2015, © Dow Jones & Company, Inc
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China
Hong Kong
Singapore
South Korea
Taiwan

China's Economy In 2015 Mirrors U.S. In 2008

March 23, 2015: 12:00 AM EST
Economic conditions in China in 2015 look like those in the United States in 2008, according to market analysts. In March, China's government lowered its 2015 GDP growth target to around 7 percent, its lowest in 11 years, compared with 7.4 percent in 2014. A slowdown in the real estate market, overcapacity at factories, and growing local debt are weighing down China's economy. China's central bank cut interest rates twice since November 2014, and allowed its banks to increase lending volumes. According to Gabriel Investments managing partner Richard Vague, the country is forecast to have its largest budget deficit since the international financial crisis this year.
Joanna Campione, "China looks 'a lot like the U.S. in 2008'", Yahoo! Finance, March 23, 2015, © Yahoo! Inc.
Domains
China Business
Focus Areas
Market News
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

Russian And Chinese Online Payment Systems Join Forces To Offer Cross-Border Payment Service

March 20, 2015: 12:00 AM EST
Russia-based online payment system Yandex.Money partnered with China's online platform TradeEase to launch a cross-border e-commerce platform for consumers in the two countries. Expected to achieve a turnover of $830,000 in the first three months after its launch in summer 2015, the online service will be introduced by China's PayEase payment system, Bank of China, the Chinese province of Heilongjiang, and the border city of Suifenhe. Chinese stores near the Russian border will be able to sell their goods online using the planned platform. Trade between Heilongjiang and Russia grew to over $23 billion in 2014, accounting for about one-fourth of total Russia-China trade.
"Russia and China to open joint e-commerce platform in summer", RT, March 20, 2015, © Autonomous Nonprofit Organization “TV-Novosti”
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
Russia

Chinese Search Engine Plans U.S. IPO In 2015

March 20, 2015: 12:00 AM EST
Sohu.com Inc.'s web search engine business Sogou Inc. is preparing a $3 billion initial public offering in the United States. According to unidentified sources, the company could sell shares by the second half of 2015. Sogou reported revenue rose 70 percent to $119 million in the fourth quarter of 2014, compared with the same period in the previous year. It accounted for 6.9 percent of web search queries in China during the same period, compared with rival Baidu's 74.4 percent.
Fox Hu, Lulu Yilun Chen et al, "China’s ‘Search Dog’ Said to Plan IPO at $3 Billion Value", Bloomberg Business, March 20, 2015, © Bloomberg L.P.
Domains
China Business
Focus Areas
Market News
Marketing
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

China Resources Rebrands Tesco China Stores

February 12, 2015: 12:00 AM EST
China Resources Enterprises said it has rebranded all of the 135 Tesco China stores under its Vanguard brand. In 2014, China Resources acquired a majority stake in Tesco's retail operations in China. According to China Resources, the company aims to return the retail chain to profitability within three years following its move to combine the chains' backroom operations. CR Vanguard, which owns more than 4,100 stores in the country, entered into a joint venture with Tesco, which left the UK retailer with just 20 percent of the resulting business.
"Tesco China stores rebranded", Fresh Plaza, February 12, 2015, © Fresh Plaza
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

AmorePacific Expects China Sales To Grow 30 Percent In 2015

February 9, 2015: 12:00 AM EST
South Korean cosmetics company AmorePacific Group said it expects sales in China to grow 30 percent in 2015. In 2014, China sales grew 21 percent to 4.7 trillion won, or $4.3 billion, the company reported on February 2, 2015. AmorePacific is expanding its channel in the country to grab a bigger share of China's middle-class market. In 2020, China is expected to account for 30 percent of the company's total sales, up from 8.6 percent in 2013.
"Korea Pop Fervor to Lift AmorePacific China Sales by 30%", Bloomberg, February 09, 2015, © Bloomberg L.P.
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China
South Korea

Costco Enters China Market Via Alibaba's E-commerce Door

February 7, 2015: 12:00 AM EST
Retailer Costco launched its business in China by opening a store on e-commerce company Alibaba's Tmall Global platform. Refusing to follow the lead of other foreign-owned retailers, which launched their brick-and-mortar retail stores in the country, Costco focused instead on online sales. During its first month of operations, the company reported $6.4 million in sales. Costco's partnership with Tmall Global offers several advantages, including the ability to operate without the need for local storage facilities and the need to secure business licenses.
Eshna Basu, "Costco Wholesale Corporation Enters China the Smart Way", Motley Fool, February 07, 2015, © The Motley Fool, LLC
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

Walmart Sends Veteran Exec To China To Restore Reputation

February 6, 2015: 12:00 AM EST
Walmart is trying to polish its image in “critical market” China after damaging news reports about questionable accounting, inventory and food-safety practices. The company named veteran Walmart employee Maggie Sans as senior vice president and chief corporate affairs officer in China to help improve its reputation. A story published by Bloomberg News in December showed that Walmart’s China unit had for years engaged in unauthorized sales and accounting practices that made the business appear healthy in the midst of an actual slowdown in retail transactions.
Renee Dudley, "Wal-Mart Creates New Post in China to Improve Reputation", Bloomberg, February 06, 2015, © Bloomberg L.P.
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Hong Kong Sees Strong Ad Spend Growth In 2014

January 22, 2015: 12:00 AM EST
Total advertising spend in Hong Kong rose 16 percent to HK$49.9 billion in 2014, driven by increases in online and mobile campaigns, according to data from media-monitoring agency admanGo. The significant growth from the previous year's HK$43 billion confirmed the market forecasts made by the Hong Kong Advertisers Association and Nielsen in February 2014. Although banking and investment services accounted for the largest ad spending, Procter & Gamble held on to its spot as the special territory's top advertiser, data also revealed.
Bien Perez , "Digital campaigns boost HK advertising market", South China Morning Post , January 22, 2015, © South China Morning Post Publishers Ltd.
Domains
China Business
Focus Areas
Sectors
Personal Care
Household Care
Marketing
Geographies
Worldwide
Asia-Pacific
Hong Kong

Henkel Opens Management Center In Shanghai

January 20, 2015: 12:00 AM EST
Henkel opened its new Henkel Management Center office complex in Shanghai. Designed to promote a “culture of cooperation and transparency,” the facility houses more than 300 executives and employees from the company's Corporate Communications, Purchasing, HR, and other departments. It features meeting rooms for groups of various sizes, focus rooms for individual work, and other areas for less structured interactions among employees.
"Henkel unveils its Management Center", Henkel, January 20, 2015, © Henkel AG & Co. KGaA
Domains
China Business
Focus Areas
Sectors
Personal Care
Household Care
Geographies
Worldwide
Asia-Pacific
China

India Will Overtake China To Become World's Fastest-Growing Big Economy, World Bank Says

January 14, 2015: 12:00 AM EST
India is expected to become the world's fastest-growing, big economy, overtaking China, in the coming two years, according to the World Bank. Driven by the Indian government's implementation of changes in the country's economic policy, growth is forecast to accelerate further in the coming years, while most of the world economy slows down. China, which has held on to the position for years, has seen its economy cool down. In contrast, India is likely to post a 7 percent growth rate in 2017, outpacing China's 6.9 percent.
Eric Bellman, "World Bank: India to Become Fastest-Growing Big Economy", The Wall Street Journal, January 14, 2015, © Dow Jones & Company, Inc.
Domains
China Business
Focus Areas
Market News
Geographies
Worldwide
Asia-Pacific
China
India

Thorne, Mayo Clinic Partner To Test Range Of Dietary Supplements

December 16, 2014: 12:00 AM EST
Dietary supplement maker Thorne Research announced it will work with the Mayo Clinic on a series of clinical trials to test the safety and efficacy of compounds from natural sources, plant extracts, and complex nutritional products that are "generally recognized as safe" (GRAS). The testing, to be conducted at the Mayo Clinic, will focus on supplements targeting conditions with significant human need, sports related performance, recovery and injury, and nutritional support for surgical care. Results will be used to develop supplements, medical foods, functional foods and botanical drugs. Thorne said it will also test formulations from traditional Chinese medicine.
"Thorne Research Announces Clinical Study Agreement with Mayo Clinic for Dietary Supplements", News release, Thorne research, December 16, 2014, © Thorne Research
Domains
China Business
Sectors
Food Business
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

Walmart’s Problems In China Have Deep Roots

December 12, 2014: 12:00 AM EST
A Bloomberg analysis of internal Walmart documents related to its business in China, as well as information gathered from employees, tell a tale of long-developing problems in the country, including questionable accounting, unauthorized sales practice and severe inventory problems. Some stores, for example, were booking sales when no merchandise left the shelves. Some stores were routinely making unauthorized bulk sales to other retailers. After years of crowing about its success in the region, the company finally admitted in August its operations in China have been in serious trouble. The revelation led to a management shake-up and cuts in staff.
Renee Dudley and Liza Lin , "How Wal-Mart Made Its Crumbling China Business Look So Good for So Long", Bloomberg, December 12, 2014, © Bloomberg L.P.
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

KFC Launches PR Campaign In China To Prove Its Operations Are Hygienic

December 10, 2014: 12:00 AM EST
After a food safety scare at one of its Chinese suppliers, KFC has invited fried chicken lovers in the country – the biggest market for parent company Yum Brands -- to come and see for themselves that the restaurant chain maintains high standards of hygiene. The problem arose when a TV report alleged that workers at a KFC chicken supplier were adding expired meat to products. Customers can book a tour showing employee hand-washing, clean cooking oil, safe chicken raising practices, and use of purified water.
Alexandra Harney, "KFC calls on Chinese diners to inspect its kitchen", Reuters, December 10, 2014, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Food Business
Market News
Regulation & Legislation
Geographies
Worldwide
Asia-Pacific
China

L'Occitane Opens Online Store On Alibaba's Tmall Portal

December 5, 2014: 12:00 AM EST
French skincare brand L'Occitane opened its online store on Alibaba Group Holding Ltd.'s shopping portal Tmall on December 1, 2014. Seeing its products already being sold on the ecommerce platform without its permission, L'Occitane decided to do the selling online to Chinese consumers itself. Many leading beauty and personal care brands opened their Tmall stores in 2014, encouraged by Alibaba's promise to remove unauthorized sellers of their products from its online platform once these brands opened their own branded stores. For example, after Burberry and Estee Lauder opened their stores, Alibaba removed all third-party sellers of their products.
Kathy Chu, "L’Occitane Launches Online Store on Alibaba’s Tmall Site", Wall Street Journal, December 05, 2014, © Dow Jones & Company, Inc
Domains
China Business
Focus Areas
Sectors
Personal Care
Marketing
Geographies
Worldwide
Asia-Pacific
China

China Becomes World's Largest Economy; Leaves America Behind In Number 2 Spot

December 4, 2014: 12:00 AM EST
China overtook the United States to become the world's largest economy, according to the International Monetary Fund. Data from the IMF, in terms of national economic output in “real” terms of goods and services, China will produce $17.6 trillion in 2014, compared with $17.4 trillion for the US. In other words, China accounts for 16.5 percent of the global economy in terms of real purchasing power; the United States, 16.3 percent. Calculations by the IMF are based on purchasing-power parity, which measures a country's actual economic output rather than exchange rates fluctuations.
Brett Arends, "It’s official: America is now No. 2", MarketWatch, December 04, 2014, © MarketWatch, Inc
Domains
China Business
Focus Areas
Market News
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

Unilever Believes Global Economy Will Improve In 2015, Thanks To Recovery In Emerging Markets

December 3, 2014: 12:00 AM EST
Unilever CEO Paul Polman said he expects the world economy to improve in 2015. Despite the current slowdown, many emerging markets still have the potential for “healthy growth,” Polman said. A weaker economy in China, India, and Brazil drove Unilever sales down to its lowest levels in five years, according to the company. Polman said, however, his optimism was driven by the International Monetary Fund's forecast for a slightly higher global growth in 2015.
"Unilever upbeat on future growth in emerging markets", Independent Online, December 03, 2014, © Independent Online
Domains
China Business
Focus Areas
Sectors
Food Business
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
Latin America
China
India
Brazil

Heinz Opens High Tech Baby Cereal Factory In Southern China

December 2, 2014: 12:00 AM EST
Heinz announced the opening of a $70 million 80,000 square meter baby cereal factory in China’s Guangdong Province. The company says it’s the largest such factory in the world, and is the seventh Heinz manufacturing facility in the country. The state-of-the-art factory is a showcase of advanced technologies, including drum dryers, powder handling systems and packaging machinery from global companies like Andritz Gouda, GEA Group, and Bosch. The technologies will not only speed production, they will ensure the most stringent quality controls, the company said, completely isolating allergens, from raw material storage to the production process.
"Heinz Opens State-of-the-Art Infant Cereal Factory in China", News release, Heinz, December 02, 2014, © H. J. Heinz Company
Domains
China Business
Sectors
Food Business
Geographies
Worldwide
Asia-Pacific
China

AmorePacific Revises Marketing Strategy For Namesake Flagship Brand

December 2, 2014: 12:00 AM EST
South Korean cosmetics company AmorePacific is repositioning its flagship brand. After withdrawing the brand from Japan, the company also pulled the brand from its duty-free stores in South Korea except those at the Incheon International Airport. Launched in 2002, the brand carried the company's dream of competing with global luxury brands, such as Lancome and Estee Lauder. Although it had a relative success in the United States, the brand, however, failed to find market success in Japan and never attracted big-spending Chinese consumers.
Lee Jae-seung, "Global Luxury Skincare Brand AMORE PACIFIC Opens Shops in Hong Kong", Korea IT Times, December 02, 2014, © KOREA IT TIMES
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China
Hong Kong
South Korea

Wal-Mart Announces 250 Job Cuts In China

December 1, 2014: 12:00 AM EST
Wal-Mart Stores Inc. said it will reduce its workforce in China by 250 jobs as part of the retailer's efforts to reorganize its business operations in the country. Also aimed at reducing costs and improving its revenue performance, the layoffs will affect 250 middle and lower-level employees, less than 1 percent of the country's workforce in China, and worked at the firm's corporate affairs and asset protection units. Wal-Mart currently operates 400 stores in the country and will open nine new stores and a new distribution center in China by end of 2015. Also, the company plans to build a $97.5 million shopping mall in the city of Zhuhai.
Laurie Burkitt, "Wal-Mart to Cut 250 Jobs in China", Wall Street Journal, December 01, 2014, © Dow Jones & Company, Inc.
Domains
China Business
Sectors
Retail
Geographies
Worldwide
Asia-Pacific
China

Demand For Men's Skincare Products Drives Overall Market Growth In China

November 27, 2014: 12:00 AM EST
China's market for men's skincare products, currently valued at $974 million, is forecast to grow to $1.2 billion by the end of 2014 and $2.5 billion by 2019. Although the women's skincare segment, estimated to be worth $107.6 billion in 2013, is more than 30 times larger than the men's market, it is expanding only at a CAGR of 4.8 percent. In contrast, the men's market is growing at a 9.4 percent CAGR. Data revealed the men's facial products market, for example, grew at a CAGR of 20.1 percent from 2009 to 2014. For male consumers in China, the most popular products are shampoo, facial cleansers, and lotions.
Emma Le Marchand, "China skin care market driven by male beauty products", Companies And Markets, November 27, 2014, © Vertical Edge Limited
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China

Amore Pacific's Laneige, Two Other Brands, Tops In Consumer Recall In China, Study Shows

November 26, 2014: 12:00 AM EST
Amore Pacific's Laneige brand is the most popular Korean cosmetics brand  among consumers in China, according to the Korea Trade-Investment Promotion Agency.  Results of a consumer survey covering 10 major cities in the country showed 12.2 percent of 2,194 respondents chose Laneige. Two other brands owned by Amore Pacific, Mamonde and Sulwhasoo, were ranked fourth and fifth, respectively. Survey results also revealed six out of the 10 most recognized Korean brands were cosmetics brands.
"Laneige Cosmetics Most Recognizable Korean Brand in China", The Chosun Ilbo, November 26, 2014, © Chosun.com
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China
South Korea

Men's Products Driving Growth In China's Facial Care Market, Mintel Reports

November 26, 2014: 12:00 AM EST
China's market for facial care products for men expanded at a compound annual growth rate of 20.1 percent from 2009 to 2014, almost twice the growth rate for women's products, according to Mintel Group. Data from the market research firm revealed men's products account for only 4 percent of the total facial care products market in China; however, they have become a growth engine for the market. China's market for men's facial care products  is forecast to double to 15.4 billion yuan, or $2.5 billion, by 2019, Mintel said. Also, the report revealed shampoos, facial cleansers, and shower products are the three most popular categories of men's grooming products.
Wang Hongyi, "Men spending more on facial care", China Daily, November 26, 2014, © China Daily Information Co (CDIC)
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China

Wal-Mart Slims Down Management Ranks Of China Unit

November 26, 2014: 12:00 AM EST
Wal-Mart Stores Inc. said it is eliminating almost 30 director and midlevel management jobs in China as part of the retailer's efforts to reduce costs and improve declining sales in the country. Retail sales in China grew 12 percent in the first 10 months of 2014, compared with 13 percent in the previous year, according to the National Bureau of Statistics. Wal-Mart, which has about 400 stores in the country, reported sales dropped 0.8 percent in the third quarter of 2014.
Laurie Burkitt, "Wal-Mart Stores Cuts Nearly 30 Directors and Midlevel Managers in China", Wall Street Journal, November 26, 2014, © Dow Jones & Company, Inc
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Weibo Reports Improved Revenue For Fiscal Third Quarter

November 19, 2014: 12:00 AM EST
Weibo reported revenue of $84 million in its fiscal third quarter 2014, better than Wall Street analysts' forecast of $80 million, as well as the company's guided revenue between $79 million and $82 million. Net loss during the quarter was $1.4 million, much smaller than the $5.1 million in the same quarter of the previous year, with analysts expecting a loss of $2.1 million. According to the company, e-commerce accounted for 42 percent of the company's third-quarter ad revenue.
Vikas Shukla, "Weibo: E-Commerce To Drive Revenue Growth", Seeking Alpha, November 19, 2014, © Seeking Alpha
Domains
China Business
Sectors
Retail
Geographies
Worldwide
Asia-Pacific
China

China’s Poor Food Handling Systems Lead To Huge Amounts Of Waste

November 14, 2014: 12:00 AM EST
Thanks to lower prices -- the cost to import grain has dropped 30 percent in the last two years -- China is importing much more this year than last year. But a major problem persists: China wastes vast amounts of grain and other foods. The country discards 35 million metric tons a year because of faulty storage, transportation and processing systems. A government grain official told China Daily that the discarded grain could feed 200 million people for a year, a ”shameful” situation. Inferior food storage systems have led to the spoilage of large quantities of fruit, vegetables, and meat.
Christina Larson, "China Wastes Half as Much Grain as It Imports", Bloomberg Businessweek, November 14, 2014, © Bloomberg L.P.
Domains
China Business
Focus Areas
Sectors
Food Business
Market News
Supply Chain
Geographies
Worldwide
Asia-Pacific
China

China-Korea Pact Means Stronger Cosmetics Trade

November 12, 2014: 12:00 AM EST
China and South Korea signed a preliminary agreement that will remove tariffs on more than 90 percent of products traded between the two countries. Expected to become a formal treaty in 2015 once both countries acquire domestic legislative ratification, the proposed law will cover various consumer products, including cosmetics and personal care. Under existing trading regulations in China, South Korean cosmetics are assessed with tariffs as high as 130 percent, which puts them in the luxury and high-end market.
Simon Pitman, "China and Korea agree on legislation likely to boost cosmetics trade", Cosmetics Design Asia , November 12, 2014, © William Reed Business Media SAS
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Regulation & Legislation
Geographies
Worldwide
Asia-Pacific
China
South Korea

Wal-Mart's July Quarter Sales Hurt By China's Austerity Drive

November 9, 2014: 12:00 AM EST
Wal-Mart Stores Inc. said same-store sales in China decreased 1.6 percent for the quarter ending July 2014, compared with the same period in 2013. Wal-Mart Asia president Scott Price said the decline in sales was caused by lower sales of gift cards, moon cakes, and other products commonly used in gift giving in the country. China's campaign against lavish spending is discouraging government and business leaders from buying expensive goods. Also, growing competition from local retailers and e-commerce companies is also hurting Wal-Mart's revenue in the country.
Laurie Burkitt, "Wal-Mart Feels Pinch From China Austerity Campaign", Wall Street Journal, November 09, 2014, © Dow Jones & Company, Inc.
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Beauty Brands Claim China's Cosmetics Market Still Going Strong

November 4, 2014: 12:00 AM EST
The world's leading cosmetics brands, such as Estee Lauder, Mary Kay, and Shiseido, remain focused on their expansion plans in China despite reports of a market slowdown in the country. Retail sales in China's cosmetics market grew 16.5 percent to 107.7 billion yuan, or $17.3 billion, in the first 10 months of 2014, compared with the same period in 2013. Estee Lauder, which sells 12 of its 28 cosmetics brands in the country, aims to remain the largest foreign beauty brand by launching its local brand Osiao. Local beauty companies, however, are growing their share of the market and driving up competition in the process.
Michelle Yeomans, "Cosmetics industry brushes off talk of slump in China", Cosmetics Design , November 04, 2014, © William Reed Business Media SAS
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China

Danone Acquires Stake In Chinese Baby Formula Maker

October 31, 2014: 12:00 AM EST
French yogurt maker Danone has paid $550 million for a 25 percent stake in Chinese baby formula producer Yashili International Holdings. According to analysts, the investment in Yashili strengthens Danone's association with Yashili's largest shareholder, China Mengniu Dairy Co Ltd., China’s largest dairy firm, whose stake in Yashili will be diluted as a result. The investment also reduces the chance of Danone pursuing other large acquisitions, such as the rumored takeover of Mead Johnson Nutrition Group, which also manufactures baby formula.
Adam Jourdan et al., "Danone bolsters China presence with $550 mln baby milk deal", Reuters, October 31, 2014, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Food Business
Market News
Mergers & Acquisitions
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
France

Tesco Weighs Exiting Asian Retail Market

October 30, 2014: 12:00 AM EST
Tesco is planning to sell its Asian operations after seeing its profit and market share decline. Richard Broadbent resigned as chairman of the world's third-largest retailer following reports of a probe into the company's alleged accounting improprieties, which saw the company inflating profit announcements. Mistakes in international investments by Tesco, which posted a 41 percent drop in operating profits and more than 90 percent in pre-tax profits in the first half of 2014, also played a significant role in the company's existing problems, according to Planet Retail analyst David Gray. In May 2014, Tesco sold most of its China operations to state-owned China Resources Enterprise.
"Tesco may spin off Asian operations after ceding control of China arm", WantChinaTimes, October 30, 2014, © WantChinaTimes.com
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific

Unilever Says Weak Demand In China Hurts 3Q 2014 Sales

October 23, 2014: 12:00 AM EST
Unilever said sales grew 2.1 percent in the third quarter of 2014, weaker than analysts' 3.7 percent growth forecast. According to the company, sales in China dropped 20 percent after retailers reduced their stocks due to slowing demand. The slowdown in China adversely affected the company's global sales, Unilever CEO Paul Polman said. Sales volume rose 0.3 percent, compared with the 1.8 percent growth expected by analysts.
John Ficenec, "Unilever warns on 'sharp' China slowdown", The Telegraph, October 23, 2014, © Telegraph Media Group Limited
Domains
China Business
Focus Areas
Sectors
Personal Care
Household Care
Market News
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
United Kingdom

Unilever Paints Gloomy Picture Of World Economy

October 23, 2014: 12:00 AM EST
Though Unilever has been ringing alarm bells about the worsening world economy for some time, it now acknowledges the situation is gloomier than it once thought. Chief Financial Officer Jean-Marc Huët says the company’s sales are sagging in every product category – including personal care, food, refreshment and household care – all over the globe. The glum assessments are echoed by policy makers. The International Monetary Fund trimmed its growth forecast by 0.002 percent while warning of the possibility of Europe re-entering a recession. China’s third quarter economy grew at the slowest pace in five years. “We are in a tougher environment. There is no other way to put it,” Huët said.
Simon Zekaria, "Unilever Surprised by Extent of Global Slowdown", The Wall Street Journal, October 23, 2014, © Dow Jones & Company, Inc.
Domains
China Business
Focus Areas
Sectors
Food Business
Personal Care
Market News
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
United Kingdom

Rejoice Launches Divorce-Themed Online Ad In China

October 15, 2014: 12:00 AM EST
Procter & Gamble's haircare brand Rejoice launched its “believe in love again” online video commercial in China. Shot in Hong Kong by director David Tsui, the video tells the story of a divorcing couple. Advertising agency Leo Burnett Hong Kong created the hashtag #IBelieveInLoveAgain to promote the marketing campaign.
"This Moving Chinese Film About Divorce Is Actually a Haircare Ad", Creativity Online, October 15, 2014, © Crain Communications Inc
Domains
China Business
Focus Areas
Sectors
Personal Care
Marketing
Geographies
Worldwide
Asia-Pacific
China
Hong Kong

L'Oreal Tops List Of Cosmetics Brands With Largest Online Ad Spend In China

October 14, 2014: 12:00 AM EST
L'Oreal spent RMB12.9 million, or $2.1 million, in online advertising in China in August 2014, making the company the top online advertiser for the cosmetics market during the period. Overall online ad spending by cosmetics brands in the country reached over RMB120 million, or $19.55 million. The top 3 online advertising channels during the period were online video, web portals, and fashion websites.
"China Top 10 Cosmetic Brands by Online Ad Spend in August 2014", ChinaInternetWatch.com, October 14, 2014, © Incitez Pte. Ltd
Domains
China Business
Focus Areas
Sectors
Personal Care
Marketing
Geographies
Worldwide
Asia-Pacific
China

Costco Says Will Use Alibaba's Tmall Ecommerce Platform To Open Online Store In China

October 14, 2014: 12:00 AM EST

American retailer Costco Wholesale Corp. said it plans to open an online store in China using the Tmall online marketplace operated by Alibaba Group Holding Ltd. Aimed at offsetting slowing sales at its home market, the warehouse operator's Tmall store will sell branded products, including food and healthcare products, and own-brand products under the Kirkland Signature private label. Tmall features virtual storefronts and payment platforms for sellers, which encouraged several Western retailers, such as Inditex, Burberry, and ASOS, to join the online marketplace.

Sruthi Ramakrishnan, "Costco to enter China through Alibaba's Tmall", Reuters, October 14, 2014, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

Amore Pacific Seeks Bigger Sales In China; Aims To Rise In World Cosmetics Market Rankings

October 6, 2014: 12:00 AM EST
South Korea-based Amore Pacific aims to become the number 7 cosmetics  company in the world. Ranked 17th in terms of sales in 2013, according to Women's Wear Daily, the company hopes to achieve its goal by expanding its operations in China and the remaining parts of Asia-Pacific region. In the quarter ending June 30, 2014, the company saw sales jumped 21 percent year on year to 966.7 billion won, with operating profit ballooning 69 percent to 151.1 billion won. Also, the company plans to come up with more products designed for the China market, Amore Pacific chairman Suh Kyung-bae said.
Park Si-soo, "Amore Pacific bets big on China", Korea Times, October 06, 2014, © koreatimes.co.kr
Domains
China Business
Focus Areas
Sectors
Personal Care
Market News
Geographies
Worldwide
Asia-Pacific
China
South Korea

L’Oreal Allowed To Market Reconstructed Skin Tissue In China

September 29, 2014: 12:00 AM EST
L'Oréal was granted a business license in China that will allow it to market its reconstructed Asian skin models through Shanghai Episkin Biotechnology. L'Oréal began producing reconstructed skin in 2008, using several different technologies that rebuild human epidermis tissue from Asian keratinocytes. The reconstructed skin is used to test cosmetic products and ingredients for safety, eliminating the need for animal testing. The Chinese Episkin model is produced by the L’Oréal Advanced Research laboratories in China.
"L’Oreal Obtains A Business License For Reconstructed Skin Models Episkin In China", News release, L’Oréal , September 29, 2014, © L’Oréal
Domains
China Business
Focus Areas
Sectors
Personal Care
Innovation
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
France

Wal-Mart Says It Will Open Its First Shopping Mall In China

September 4, 2014: 12:00 AM EST
Wal-Mart Stores Inc. said it plans to build its first community shopping center in China. To be built in the city of Zhuhai in Guangdong province, the shopping center will be named The Zhuhai Mall and is forecast to cost 600 million yuan, or $97.9 million. It will occupy a total area of 100,000 square meters and will include at least one Sam’s Club store, according to Walmart China.
Wang Zhuoqiong and Jack Freifelder, "Wal-Mart to build shopping center in China", China Daily, September 04, 2014, © China Daily Information Co (CDIC)
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

Wal-Mart Seeks Growth In China's Ecommerce Market

August 28, 2014: 12:00 AM EST
Yihaodian, majority owned by Wal-Mart Stores Inc., is moving to expand its online retail operations in China. As part of its expansion moves, the online retailer increased the number of products it sells on its website, expanded its supply chain, and improved the usability of its mobile site to increase sales. Wal-Mart looks at online retail as a means of achieving growth in the country, something that it has so far failed to achieve with its brick-and-mortar business in China. Yihaodian, however, needs to compete with Alibaba, which accounted for more than half of the country’s online business-to-consumer market as of the second quarter in 2014.
Shelly Banjo and Laurie Burkitt, "Wal-Mart Looks Online for Chinese Growth", Wall Street Journal, August 28, 2014, © Dow Jones & Company, Inc.
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

China Goes After Celebrities Endorsing Products They Do Not Use

August 26, 2014: 12:00 AM EST
China plans to revise the country’s Advertising Law by banning celebrity endorsers from promoting products and services they themselves have not used. According to the proposed revisions, an endorser’s push for products being advertised “must be based on facts” and does not violate the country’s advertising law and other related rules and regulations. Also, if the endorser is found having knowingly endorsing a subpar product, the endorser shall be held jointly legally liable with the manufacturer. Also, his or her endorsement fee shall be confiscated, and will be fined 1–2 times the endorsement fee.
"China tightens rules on celebrity advertising", China Daily, August 26, 2014, © China Daily Information Co (CDIC)
Domains
China Business
Focus Areas
Sectors
Personal Care
Marketing
Regulation & Legislation
Geographies
Worldwide
Asia-Pacific
China

Amazon Expands China Operations By Setting Up Facilities In Shanghai Free Trade Zone

August 20, 2014: 12:00 AM EST
Amazon.com, Inc. is expanding its operations in China by establishing its presence in the Shanghai Pilot Free Trade Zone. Based on its deal with the zone operator, Shanghai Information Investment Inc., Amazon will set up its China headquarters in the free trade zone. Also, the company hopes its move will enable it to increase its customer base in the country. Amazon will also establish a warehouse so it can increase exports from Chinese companies, Shanghai Municipal said. Amazon, however, faces strong competition from Alibaba’s ecommerce stores Tmall and Taobao.
Larry Darrell, "Amazon Ramps Up China Presence", Bidness, August 20, 2014, © Bidness Etc
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

Etude House Opens China Flagship Store In Shanghai

August 19, 2014: 12:00 AM EST
South Korean cosmetics company AmorePacific’s low-cost brand Etude House opened its China flagship store in Shanghai on August 8, 2014. Featuring the theme “Princess Palace,” the store includes a “pink carpet,” a “Princess Mirror,” and “Pink Castle” shelves. Also, the store features a professional make-up artist ready to help shoppers who want to have a taste of the latest Korean make-up trends.
"Etude House opens flagship store in Shanghai", Korea Herald, August 19, 2014, © Herald Corporation
Domains
China Business
Focus Areas
Sectors
Personal Care
Marketing
Geographies
Worldwide
Asia-Pacific
China
South Korea
<<12345678910>> Total results:630 References Per Page:
>> <<
Developed by Yuri Ingultsov Software Lab.