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  • November 24, 2014
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  1. Business - China Business - RETAILING

    Duty-free shopping surges in popularity in China

    Posted Jul 28th 2014, 04:26am by Celine Sun

    ... revenue from the store reached seven billion yuan by March this year. Statistics from the Tax Free World Association show sales revenue from duty-free and tourism retail businesses in Asia-Pacific ...

  2. Link's high rents hurting retailers, lawmakers say

    Posted Dec 17th 2008, 12:00am by Celine Sun

    ... had raised retail prices at public housing estates and forced many small retailers out of business. 'Shopping centres and wet markets in the public housing estates are supposed to serve ...

  3. Business - China Business - COMPANY VISIT

    Hunting for the next JD.com

    Posted Jun 13th 2014, 10:21am by Celine Sun

    ... several years ago. The mainland e-commerce retailer was valued at just US$60 million at the time and was attempting to secure an investment of US$10 million from Matrix Partners to expand its online business. "We were very close to sealing the deal," Man said. "But we gave up at the last minute, with concerns that online retailing was a low-margin business and like ...

  4. Glitz fails to prise open purses

    Posted Jan 23rd 2005, 12:00am by Celine Sun

    ... Celine Sun Hong Kong's prestige malls may be all marble columns and open spaces, but a Sunday Morning Post survey has found this is not enough to get most mainland shoppers to relax their grip on their purse strings. A poll of about 30 mainland shopp ...

  5. Business - Companies - INTERNET

    Singles' Day discounts prompt online shoppers to spend 30 billion yuan

    Posted Nov 12th 2013, 03:30am by Chris Luo, Celine Sun, Bloomberg

    ... Chris Luo and Celine Sun Singles' Day a jackpot for mainland online The mainland's online shoppers set another record yesterday as major retailing websites offered massive discounts on Singles' Day. Taobao and Tmall, the two main online retailing platforms of Alibaba Group, smashed last year's combined record of 19.1 billion yuan (HK$24.17 billion) sales ...

  6. Business - China Business - E-COMMERCE

    Baidu searches for growth in deal with online grocer

    Posted Mar 21st 2013, 12:00am by Celine Sun

    ... online retailer backed by American supermarket giant Wal-Mart to tap the country's fast-growing e-commerce sector. Baidu said yesterday it would implement a "joint business plan" with Yihaodian.com , a Shanghai-based online grocery store, and use its resources to send more shoppers to the retailing partner. Baidu will profit from the users it sends to Yihaodian. The move shows Baidu, ...

  7. Business - China Business - RETAILING

    Galeries Lafayette returns to China after 15 years

    Posted Oct 18th 2013, 02:06pm by Celine Sun

    ... growing army of the wealthy. The European retailing giant has formed a 50-50 joint venture with Hong Kong fashion brand management company I.T to run the Beijing store, which cost €42 million ... the size of its Paris store. Unlike its Paris store, which accommodates top luxury brands, the retailer is introducing in China mainly high-end niche brands such as Delvaux, Maje and The Kooples ...

  8. Business - China Business - GOVERNANCE

    China needs to raise graft defences

    Posted Oct 21st 2013, 03:56am by Celine Sun

    ... a report by global consulting firm EC Harris found that the mainland remained around the midpoint of a global ranking on the ease with which foreign retailers could open new stores. ... India, Indonesia and the Philippines. "China, India and Indonesia are more difficult for retailers to expand into than Western markets due to a restricted supply chain and low project ...

  9. Business - China Business - RETAILING

    Mall boom continues despite bubble fears

    Posted Oct 03rd 2013, 12:00am by Celine Sun

    ... despite bubble fears How many shopping malls does China need? If someone has come up with a sound answer for the retail needs of the world's most populous nation it may well have been drowned ... still have space for new malls," said Chu Hsiang-yun, senior director of national retail services at global property consulting firm CBRE. More than half the malls to emerge from the 82 ...

  10. Shoplifting on the rise as hard times hit HK

    Posted Nov 11th 2009, 12:00am by Celine Sun

    ... Celine Sun Hong Kong's retailers are estimated to have lost HK$1.17 billion to shoplifters over the past year- and they say theft has worsened since the onset of the financial crisis. The estimate is contained in a worldwide survey, which ranked Hong Kong shops' losses seventh in the region. The Global Retail Theft Barometer is an annual study of more than 1,069 retailers in 41 ...




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