China: latest retail news, insights and analysis | ESM Magazine

Crowds Force Costco To Shut Maiden China Store Early On Opening Day

US hypermarket chain Costco Wholesale Corp was forced to shut its first store in China early on its opening day on Tuesday, according to state media, after...

China Buys US Soybeans After Declaring Ban On American Farm Goods

China snapped up a small volume of US soybeans last week after pledging to halt purchases of American farm products due to the escalating trade war between...

Alibaba Postpones Up To $15bn Hong Kong Listing Amid Protests: Sources

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion (€13.5 billion) listing in Hong Kong amid growing polit...

Portugal's Super Bock Group Sees Sales Decline Due To Market Slowdown

Portuguese brewing and soft drinks company Super Bock Group (SBG) has reported a 1.4% drop in sales in 2018, compared to the previous year, to €458 mi...

Alibaba To Buy Kaola Unit From NetEase For $2bn: Caixin

Alibaba Group Holding Ltd has agreed to pay $2 billion (€1.8 billion) in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported...

Alibaba Results Beat Estimates On Cloud, E-Commerce Growth

China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud compu...

LDC Partners With Meituan To Promote Cooking Oil Brand

Louis Dreyfus Company has announced a strategic partnership with Chinese e-commerce company Meituan to promote its new cooking oil brand, Chef Fu. 'Value-...

Swine Fever Takes Toll On Profit At Chinese Pork Giant WH Group

China's WH Group on Tuesday reported a 16.9% fall in first-half profit as higher meat prices due to a devastating hog disease hurt margins at the world's t...