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  • July 30, 2014
  • Last updated: 2:43pm
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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

    ... Running the five billion yuan (HK$6.29 billion) commercial complex is China Duty Free Group (CDFG), a subsidiary of China International Travel Service Corp. The state-owned company is so far ... That year, CDFG opened its first shop in downtown Sanya, Hainan, after the central government introduced a policy allowing tourists to buy up to 5,000 yuan of duty-free goods before leaving ...

  2. Business - China Business - RETAILING

    New e-commerce service takes challenge to rival Alibaba

    Posted Jul 28th 2014, 04:27am by BIEN PEREZ

    ... estimated by iResearch to have reached 1.84 trillion yuan (HK$2.31 trillion) in total revenue last year. Alicia Yap, head of China internet research at Barclays in Hong Kong, said in a report ...

  3. Business - Companies - RETAILING

    New product lines seeing double-digit growth, says Li Ning CEO

    Posted May 31st 2014, 12:59am by TIFFANY AP

    ... its product mix to include sports shoes in three price tiers, ranging from 299 yuan (HK$370) to 399 yuan and 999 yuan. The growth of the new products has shown very good results... ...

  4. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... mainstream consumers" whose annual income exceeds 106,000 yuan (HK$134,000), McKinsey predicts that their numbers will jump to 400 million by 2020 as they become the "standard setters for the nation's consumption". An annual income of more than 106,000 yuan is the level above which family cars and luxury items become affordable, according to McKinsey. Zonfa also plans to establish ...

  5. Business - China Business - RETAILING

    Sun Art aims to boost market share by opening more stores

    Posted Mar 04th 2014, 05:09am by TIFFANY AP

    ... 7.14 per cent to HK$9.45 yesterday on the news that its profit for the year to December 31 grew 15.2 per cent to 2.78 billion yuan (HK$3.52 billion). "We want to increase our market share. ... for largest market share, each holding 14 per cent, according to Euromonitor. Turnover for the year was up 10.7 per cent to 86.2 billion yuan while gross profit margin increased 0.9 percentage points. ...

  6. Business - Companies - RETAILING

    Wharf's Chengdu mall set to open

    Posted Dec 17th 2013, 03:22am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com HK developer hopes to see 500 million yuan per year in rents from shopping centre, part of a 16 billion yuan commercial project Wharf's Chengdu mall set ... Yuk-fong said the company's mainland flagship retail centre, part of its Chengdu International Finance Square, expected an annual rental income of 500 million yuan (HK$635 million). ...

  7. Business - China Business - RETAILING

    Beijing's anti-corruption drive hits China's luxury market

    Posted Dec 18th 2013, 06:13am by Daniel Ren

    ... & Co, the luxury market on the mainland stands at 116 billion yuan (HK$147 million) this year, up just 2 per cent from a year ago. The party's efforts to curb wastage of public money ... consumption by Chinese, including those from Hong Kong and Macau, hit 350 billion yuan this year, or 29 per cent of the world's total, Bain said. Chinese shoppers unseated Americans ...

  8. Business - Companies - RETAILING

    L'Oreal brand and Revlon call time in China

    Posted Jan 13th 2014, 01:02am by Tiffany Ap and Celine Sun

    ... cosmetic industry's impressive top lines numbers. Industry turnover totalled 24 billion yuan (HK$30 billion) in 2010 and, despite some sluggishness over the past year, is projected to double ...

  9. Business - Companies - RETAILING

    Walmart keeps on expansion path in China

    Posted Dec 19th 2013, 01:38am by Benjamin Robertson

    ... operators are fragmented, leading to delays and cost overruns. Total logistics costs on the mainland topped 9.4 trillion yuan (HK$12 trillion) last year, equivalent to 18 per cent of gross domestic ...

  10. Business - China Business - RETAILING

    Smaller Chinese cities lead way in shift to online shopping

    Posted Jul 31st 2013, 12:00am by Celine Sun

    ... by the mainland's largest online retailer Taobao.com said shoppers from third- and fourth-tier cities spent an average of 5,628 yuan (HK$7,060) per person on the site last year, beating the 4,700 yuan splashed out by those in higher-tier cities. It said about 30 million people from more than 2,000 county-level cities outlaid a total of 179 billion yuan on Taobao, up 87 per year on the year ...




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