Top news of the week: 23.06.2022.
What Uniqlo’s Success in China Can Teach Luxury
Why does Uniqlo prosper where others fail? At a time of crisis, the Japanese label has outclassed rivals to win China. Here’s the secret to its success.
The survey findings come after sales growth in China hit an all-time low during this year’s June 18 shopping festival
Survey by Bain & Co and Kantar Worldpanel finds that Chinese consumers are now more prone to bargain-hunting amid wage and job uncertainties.
In the West fashion brands use social media to raise awareness of products rather than sell directly, the opposite of what they do in China through influencers
Social media platforms play contrasting roles in China and the West for fashion brands – in China, companies rely on influencers to give products the hard sell, while US and European ...
Alibaba Health fell by 13.8 per cent for its worst decline in 11 months, while JD Health slumped 14.8 per cent
Chinese healthcare stocks plunged in Hong Kong after Chinese media reported that Beijing is mulling a ban on sales of medicines on third-party e-commerce platforms.
Housing Crash Forces Developers to Slash Sales Goals
Housing Crash Forces Developers to Slash Sales Goals - Widespread Chinese government measures fail to move the needle in spurring a market hammered by Covid controls and a sagging economy
Chinese splash out on tech goods, camping gear in shopping fest
High-end home appliances and camping gear were among Chinese shoppers' most sought after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's ...
Tiger Global backs SaaS omnichannel social commerce platform SleekFlow in $8M funding
SleekFlow, which helps businesses build customer flow automation from messaging and live video to transactions, has closed $8 million Series A funding.
Minsheng Bank Wins Final Clearance for New Wealth Management Unit
Minsheng Bank Wins Final Clearance for New Wealth Management Unit - Long-delayed regulatory approval leaves just three of China’s 18 big banks awaiting a green light to open such operations