Chinese department stores are the country’s worst performers in the international bond market this year, as e-commerce rivals such as Alibaba Group Holding Ltd. lure shoppers and an anti-corruption probe pinches sales.
China will back e-commerce development and guide international expansion by Chinese internet companies, Premier Li Keqiang said on Thursday, in an endorsement for firms such as Alibaba Group Holding Ltd and JD.com Inc.
David Zhao, founder and CEO of Shangpin, reveals how he fended off China’s three online giants — Baidu, Alibaba and Tencent, collectively known as B.A.T. — to become one of the country’s most successful pure-play fashion e-tailers.
A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers’ fears about the quality and safety of local everyday goods.
Almost every major fashion country has one city that shines brighter than the rest. But China’s vast, diverse market defies the norm. In Part 1 of a two-part investigation, we examine the fashion capitals of Shanghai and Beijing. Next month, in Part 2, we explore Hong Kong and Guangzhou.
Swiss watch exports kept growing at the slowest rate since the financial crisis for a second year as shipments to China and Hong Kong dropped in the final quarter.
Five years since Konzepp helped transform the sleepy Sheung Wan district into a hipster zone, owner Geoff Tsui is crossing the harbour to the buzzing quarter of Tsim Sha Tsui with his fourth niche boutique, located in Hong Kong’s K11 ‘art mall.’