• Fri
  • Dec 26, 2014
  • Updated: 2:39pm

China market

The great race for China's online fashion market

A MasterCard survey last year found that Chinese internet users shop online the most.

While the US has the largest and most established e-commerce market in the world, it's no secret that Asia and, specifically, China, is catching up fast.

Monday, 17 June, 2013, 10:23am

Dell looks beyond the big Chinese cities for PC push

While Dell has been feeling the pressure from rivals with smaller devices, its Latitude 10 model combines the features of a notebook and a tablet. Photo: Bloomberg

Dell, one of the top names in personal computers, is planning an aggressive expansion in smaller Chinese cities as the market grows despite a global trend toward smaller devices, Dell's computing products vice-president Kirk Schell said.

7 Jun 2013 - 3:46am

Angel investor is really getting started on China

Thinking big comes naturally to Dave McClure, who has already backed some winners with investments by his 500 Startups in Chinese companies. Photo: Edward Wong

Dave McClure of 500 Startups embodies Silicon Valley's famous casualness right down to the frayed hems of his jeans and flip-flops he wears to give a talk at Cocoon, a co-working space for start-ups in Tin Hau. And when he sits down for this interview at the InterContinental hotel to talk about tech entrepreneurship in China, he slips his shoes off under the table and chats with a drink in hand.

7 Jun 2013 - 3:46am

China gold demand to slow from April surge amid decline in gift buying

A customer visits a gold store in Qingdao, Shandong.

Gold has declined 16 per cent this year on concern the US Federal Reserve may rein in stimulus that helped bullion cap a 12-year bull run in 2012 and as some investors lost faith in the metal as a store of value.

1 Jun 2013 - 4:19am

Nestle banks hopes on coffee culture

Roland Decorvet, the chairman of Nestle China, expects double-digit sales growth to continue on the mainland. Photo: Kwong Man-ki

Nestle, the world's largest food company, has pinned its hopes on a strong expansion of its coffee business on the mainland by fostering a coffee-drinking culture, while it also expects its adult nutrition products to see the fastest growth in the food category amid the background of an ageing population.

24 May 2013 - 4:36am

UBS China pins hopes on China bond market, derivatives

David Li, chairman of UBS China, says the expansion of the mainland bond market will create demand for currency swaps and collateralised loan obligations. Photo: David Wong

UBS Securities, a joint venture managed by the Swiss banking group, reported last month its net earnings shrank by more than 90 per cent to 11.3 million yuan (HK$14.3 million) over the four-year period to last year.

20 May 2013 - 4:18am

Audi leaves luxury rivals trailing in China sales

An Audi RS7 gets plenty of attention at the Shanghai car show last month. Audi's China sales rose 13 per cent for the month. Photo: AFP

Audi deliveries rose 13 per cent to 38,710 vehicles on the mainland and in Hong Kong in April, the company said on its website. Bayerische Motoren Werke, the world's largest luxury carmaker, reported an 11 per cent gain to 30,311 units in China, the firm said on its website. Daimler's Mercedes-Benz said sales increased 11 per cent to 16,241 units on the mainland and in Hong Kong.

16 May 2013 - 4:38am

GM emphasises US investment after criticism of spending in China

GM raised its planned spending in China by 70 per cent.

General Motors, profitable for 13 consecutive quarters, is planning to invest US$16 billion on factories and facilities in the United States from now to 2016, more than it will spend in China, the company said.

7 May 2013 - 3:56am

Stern's warning on Chinese luxury watch market proves timely

Thierry Stern, chairman of Patek Philippe, warned rivals in the luxury watch market two years ago not to overinvest in China. Photo: Reuters

The chairman of Patek Philippe, Thierry Stern, had advice for Swiss watchmakers several years ago that most rivals did not heed: do not overinvest in China. Amid the recent slowdown on the mainland, Stern's call has proved prescient.

30 Apr 2013 - 4:28am

Japanese carmakers target go-local sales drive

Mazda plans to tailor its crossover CX-5 SUV for the Chinese market in a push to revive sales. Photo: AP

Mazda Motor, which suffered the heaviest fall in sales among the top four Japanese carmakers in China, said the new products could help push sales up 7 per cent this year.

23 Apr 2013 - 7:06am

Record car sales on line as quality questioned

Joachim Schmidt, sales chief at Mercedes. Photo: EPA

Volkswagen, Daimler and BMW posted record sales for last year, fuelled by demand in China.

But this year, that growth is at risk as the government in Beijing steps up scrutiny of the carmakers and media outlets question their quality.

20 Apr 2013 - 6:12am

Tao Heung boosts China appetite

Tao Heung chief Eric Leung says Beijing's crackdown on extravagance would not affect the market of mid-range customers. Photo: Sam Tsang

Cantonese restaurant chain Tao Heung is stepping up its expansion on the mainland in an effort to capitalise on the growing middle class. Its target is for the mainland to contribute 40 per cent of the company's revenue within the next five years.

10 Apr 2013 - 3:57am

Rolls-Royce looks beyond China for growth engine

Rolls-Royce's Paul Harris says the firm has no plans for an SUV.

Rolls-Royce's plans to explore new markets this year come amid dwindling sales in China's super premium car segment, in which key players such as Bentley, Aston Martin, Maserati and Lamborghini all saw growth slow last year.

10 Apr 2013 - 5:34am

Chinese movie triumphs fail to lift studio's spirits

Journey to the West: Conquering the Demons, the first film for which Huayi Brothers is solely a distributor, saw a box office of 1.24 billion yuan. Photo: Bingo Movie Development

Chinese filmgoers' appetite for movies drove up box-office takings last year but was unable to lift the optimism of Huayi Brothers, the mainland's leading studio.

Behind the silver screen, the company is seeking to position itself as a big film distributor providing a stage for local films and film stars to shine.

10 Apr 2013 - 3:57am

Global brands pause as store sales growth slows on China

Six high-end global retail brands reportedly plan to open 50 outlets in the coming years. Photo: Bloomberg

Global brands have scaled back their expansion plans on the mainland due to slowing growth in retail sales.

10 Apr 2013 - 5:47am