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

Alibaba Shares Slide 4% After Former CEO Quits Cloud Unit

Alibaba stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit its cloud computing unit in a surprise decision that unsettled...

Alibaba's Grocery Unit IPO Put On Ice Amid Disappointing Valuation: Report

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for c...

China Set To Record $2.2tn In E-Commerce Sales In 2023: Report

China is set to report around $2.2 trillion (€2.03 trillion) in e-commerce sales in 2023, as it retains its position as the world's largest marketplac...

Hormel Foods Cuts Annual Forecasts On Weak China Demand, Adverse Pork Prices

Hormel Foods has cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and t...

L’Oréal Closes Acquisition Of Luxury Beauty Brand Aesop

Cosmetics giant L’Oréal has announced that it has completed the acquisition of luxury beauty brand, Aesop.

Russia Hopes To Raise Fish, Seafood Exports To China After Japan Ban

Russia hopes to increase its marine product exports to China in the wake of China's ban on Japanese seafood imports after the release of treated radioactiv...

Estée Lauder Forecasts Weaker Annual Net Sales And Profit

Estée Lauder has projected full-year net sales and profit below market expectations, signalling a slower-than-expected recovery in its tra...

Australian Wine Industry Faces Hangover From China's High Tariffs

Australia's wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and e...