What Does the New Security Law Mean for Hong Kong Retail?

China’s largest political event of the year, known as Two Sessions, finally took place in Beijing, China after a two-month delay due to the COVID-19 crisis. Beyond measures to deal with the economic destruction left by the virus, the government also introduced a new security law targeting terrorist activity in Hong Kong, which prohibits acts …

Alibaba Surges Despite Weak Apparel Sales for March Quarter

What Happened Alibaba Group, the parent company behind Taobao and Tmall, announced its financial results on Friday for the quarter and fiscal year ending on March 31. The company achieved $1 trillion in annual gross merchandising value for the first time, and it also reported that its overall revenue from the March quarter rose by …

Can Burberry Weather the COVID-19 Storm with Heavy Discount?

Burberry, the British luxury fashion house, saw an early recovery this fiscal quarter, thanks to the positive reopening in mainland China and South Korea. The brand said that sales in both markets was already ahead of where they were at this time last year, especially in the handbag and small leather goods category, with growing …

China’s Sharing Economy Is In Trouble

China’s sharing economy made major advancements over the past decade while helping to reshape the country’s domestic economy. Xinhua quoted data from a report by the Sharing Economy Research Center, which works under the State Information Center, stating how China’s sharing economy grew to over $470 billion (3.2 trillion yuan) during 2019 (a growth of …

China’s O2O Retail Leads in Technology, But is Letting Us Down in Content

This post originally appeared on Campaign Asia-Pacific, our content partner. The COVID-19 pandemic has driven the usage of e-commerce in China to an all-time high level. While at the same time offline retail is struggling to get footfall back. In the week of April 13, 77% of China’s stores were open again but only gained 50% …

Can Going Local Save Hong Kong Independent Designers

What Happened:  In Hong Kong, Fashion Farm Foundation’s FFFRIDAY 2020 campaign made a pivot to include digital presentations. Running over a two week period, it featured twenty fashion designer labels and encouraged consumers to wear local designers on a Friday. This year, physical presentations were replaced with digital presentations created by five designers under the …

Overseas Obstacles For Chinese Companies in a Post-COVID-19 World

While COVID-19 poses new challenges to Chinese companies operating in international markets, it certainly won’t diminish their desire to go global. In 2019 and the first quarter of 2020, the Chinese economy grew at a rate of 6.1 percent — its lowest growth rate in 29 years. Growth is expected to be even weaker over …

Can Instagram Ever Crack Weibo’s Hold On Chinese Millennials?

During 2019, the average Chinese consumer spent four hours on mobile devices; over two hours of this was on social media. According to a white paper published in 2019 by the American management consulting firm Boston Consulting Group and China’s tech giant Tencent, social media penetration in China is at 97%. The report further outlined …

French Jeweler Chaumet Makes Daring Move on WeChat E-Commerce

The brand known for making tiaras for Empress Joséphine, the first wife of Napoleon, is now making hard luxury accessible for Chinese consumers. Just prior to the “520” holiday in China, also known as the new Chinese Valentine’s Day, the Parisian jeweler Chaumet launched its flagship store on WeChat, allowing people to shop for its …

MSGM Opened A Store In China Amid COVID-19: Now What?

As China entered a post-coronavirus period, businesses commenced commercial activities across the country on a step-by-step basis. It was during this moment that MSGM, the Italian high-end streetwear brand, decided to open its tenth store in Zhengzhou in central China. The 75-square-meter store, which is located on the second floor of the Grand Emporium shopping …