The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
HONG KONG, China — Tencent Holdings Ltd. allowed users of its WeChat instant-messaging app to sell goods online, bringing Asia’s largest Internet company into closer competition with China’s e-commerce giant Alibaba Group Holding Ltd.
As director of luxury retail at Savills, one of the world’s largest real estate firms, Beijing-based Timothy Coghlan connects Chinese landlords and international fashion brands to help broker deals for new retail stores in the world’s largest luxury market.
HONG KONG, China — Alibaba Group Holding Ltd's plans for a giant initial public offering in New York highlight vast potential for e-commerce in China - and the weak link the logistics industry must fix if explosive growth projections are to be reached.
HONG KONG, China — Alibaba Holdings Inc is in talks with major shareholders to reclaim a stake in fast-growing online-payments affiliate Alipay, The Wall Street Journal reported on Wednesday, citing people familiar with the matter.
HONG KONG, China — Tencent Holdings Ltd. fell to a three-month low in Hong Kong amid growing concern that Internet companies are overvalued.
HONG KONG, China — China’s human resources ministry ordered a contractor for Nike Inc. and Adidas AG to rectify benefit payments to workers striking for a 10th day to demand more pay and employer contributions to social security accounts.
HONG KONG, China — Adidas AG is moving some production away from Yue Yuen Industrial Holdings Ltd.’s shoe factory in Dongguan, China, where a strike over benefits and pay disrupted output for a ninth day.
HONG KONG, China — Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike today, demanding better social security payments.
HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge of the matter said.