Date
6 December 2019

Consumer & Gaming

  • China Jan-Sept tourists to S Korea top FY2012 level, Yonhap says

    Oct 23, 2013 9:19am
    Chinese visitors to South Korea stood at 3.08 million in the first nine months of this year, up from the 2.07 million recorded in the same period last year and beating the visitor numbers from all...
  • Consumer rights bill to raise payouts, Xinhua says

    Oct 21, 2013 2:40pm
    China’s top legislature is set to vote this week on revisions to the country’s consumer rights law that promise higher compensation for consumer losses, Xinhua reported Monday. The bill was tabled for a third reading on Monday to...
  • Fosun sells drug compound rights for 388 mln euros, filing says

    Oct 21, 2013 1:39pm
    Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (02196.HK, 600196.CN) plans to sell the global rights to its two compounds to SELLAS Clinicals Holding AG for 388 million euros (US$530.72 million), the Chinese company said in a regulatory filing...
  • ‘Forced shopping’ ban dismays some tourists, paper says

    Oct 21, 2013 10:24am
    A growing number of outbound tourists are opposed to a ban on “forced shopping” which went into effect on Oct. 1, Beijing Business Today reported Monday, citing sources from several travel agencies. Industry players said the...
  • Box office sales to hit 22 bln yuan in 2013, paper says

    Oct 21, 2013 9:36am
    Box office sales is expected to hit 22 billion yuan (US$3.61 billion) this year, Beijing Business Today reported Monday, citing an unnamed analyst. As of Oct. 10, box office takings in China were 16.64 billion yuan...
  • Suning wins sales rights for Abbott baby formula, paper says

    Oct 21, 2013 9:23am
    Suning Appliance Co. Ltd. (002024.CN) said Sunday that it has won exclusive rights to sell the baby formula products of Abbott Laboratories in mainland China, Beijing Business Today reported Monday. Suning said it will sell the Abbott Similac...
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    The Big Picture: EXECUTION GAP

    - Oct 21, 2013 8:38am
    After engineering a soft-landing for the economy in the third quarter, China has managed to buy some time to closely examine the efforts made by local governments and authorities to implement the reforms that Beijing has...
  • Govt eyes minimum wage for tour guides, CNR says

    Oct 21, 2013 8:11am
    The government will introduce a minimum wage for tour guides to ensure the healthy development of the tourist industry, China National Radio reported Friday, citing the National Tourism Administration. Many travel agencies have been hiring temporary...
  • Mengniu chief executive officer Sun Yiping says Mengniu is increasing its share of high-end products to spur growth. Photo: Mengniu

    Mengniu Dairy to cream profit from top-shelf products

    - Oct 21, 2013 6:00am
    China Mengniu Dairy Co., Ltd (02319.HK), the nation’s biggest dairy producer, plans to bulk up on high-end offerings like baby formula in the coming few years to capitalize on China’s growing taste for the products. “We...
  • Rémy Cointreau 1H sales down 3.6%, statement says

    Oct 18, 2013 11:37am
    French liquor maker Remy Cointreau S.A. said Thursday that its sales fell 3.6 percent year on year to 558 million euro (US$762.42 million) in the first half of its fiscal year, blaming China’s clampdown on extravagant gift-giving for...
  • Yum Brands to hire 10,000 university graduates, paper says

    Oct 18, 2013 10:09am
    Yum Brands Inc., owner of the KFC and Pizza Hut chains, has started a campus recruitment drive to hire nearly 10,000 fresh university graduates across China, Beijing Times reported Friday, citing a company statement. The company...
  • Law cuts into S Korea’s Chinese tourist business, Yonhap says

    Oct 18, 2013 9:18am
    The number of Chinese visitors to South Korea is sharply down this month since China’s new tourism law took effect on October 1, Yonhap news agency reported Thursday, citing data from the Korea Tourism Organization and...
  • Online retail sales to hit 1.3 trn yuan in Jan-Sept, paper says

    Oct 18, 2013 9:15am
    China’s online retail sales are likely to hit 1.3 trillion yuan (US$213.14 billion) in the nine months to September, up 34.7 percent year on year, the People’s Daily reported late Thursday, citing commerce ministry spokesperson Shen...
  • CP Lotus staff demand resettlement after Wumart deal, paper says

    Oct 18, 2013 9:09am
    Employees of CP Lotus Corp. (00121.HK) have sought clarification on management plans for them after Wumart Stores (01025.HK) announced on Tuesday it has agreed to buy most CP Lotus supermarkets in mainland China for HK$2.35 billion (US$303.07...
  • Baby lotion boom — what’s wrong with this picture?

    Oct 18, 2013 9:05am
    Ever since the Chinese government was rumored to be considering easing the one-child policy, it has been a mad, mad world out there. So crazy, in fact, that the share prices of baby product companies have...
  • Mainland visitors to Taiwan up 15.4% in Jan-Sept, CNS says

    Oct 18, 2013 8:47am
    The number of mainland visitors to Taiwan in the nine months to September rose 15.4 percent to 1.68 million from a year earlier, the China News Service reported Thursday, citing Liu Kezhi, secretary general of the...
  • Alibaba deploys Weibo in Double 11 marketing drive

    Oct 17, 2013 10:53am
    With less than a month to go until November 11, China’s Bachelor’s Day, e-commerce giant Alibaba Group is charging full steam ahead to promote its Double 11 online shopping carnival. One of its major marketing ploys...
  • Wal-Mart to close 50 stores in China and Brazil, paper says

    Oct 17, 2013 9:34am
    United States retail giant Wal-Mart Stores Inc. will close some 50 underperforming stores in China and Brazil, Beijing Times reported on Thursday, citing the company’s annual investor meeting on Wednesday. Wal-Mart China, which currently owns 400 stores...
  • Daphne 3Q same-store sales down 18.1%, filing says

    Oct 17, 2013 9:32am
    Shoe retailer Daphne International Holdings Ltd. (00210.HK) said in a regulatory filing late Wednesday same-store sales at its core brands business declined 18.1 percent in the third quarter from a year earlier. The weak performance was...
  • China to regulate TCM ingredients, Xinhua says

    Oct 17, 2013 8:49am
    China’s drug watchdog has acted to regulate the 17 markets of traditional Chinese medicine (TCM) ingredients and banned the opening of new markets, Xinhua news agency reported Wednesday. The China Food and Drug Administration (CFDA), along with...