Date
27 February 2020

Consumer & Gaming

  • New World Dept Store China expands Shanghai network, filing says

    Oct 16, 2013 11:34am
    New World Department Store China Ltd. (00825.HK) said in an exchange filing on Tuesday that its indirect wholly owned subsidiary Shenyang New World has agreed to buy a company from Shanghai Hanxin Department Store that owns the...
  • Kweichow Moutai profit up 6.24% in Jan-Sept, filing says

    Oct 16, 2013 11:30am
    Kweichow Moutai Co. Ltd. (600519.CN), a leading high-end liquor producer, said its net profit rose 6.24 percent year on year in the first nine months to 11.07 billion yuan (US$1.82 billion), according to a regulatory filing...
  • HK TV Network to lay off 320 staff, filing says

    Oct 16, 2013 9:53am
    Multimedia firm Hong Kong Television Network Ltd. (01137.HK) will lay off 320 staff, according to a regulatory filing Wednesday morning. The retrenchments came after the Chief Executive in Council rejected the company’s application for a free-to-air TV...
  • GOME on higher growth track for Jan-Sept, filing says

    Oct 16, 2013 9:32am
    GOME Electrical Appliances Holding Ltd. (00493.HK) recorded year-on-year growth in sales revenue for the first nine months, the company said in an exchange filing Tuesday ahead of a results announcement next month. GOME’s physical stores are...
  • Do foreign supermarkets really understand the China market?

    Oct 16, 2013 8:47am
    China’s huge and fast-growing consumer market has been a powerful magnet that attracts lots of foreign investment. While offering huge potential, this market, however, is also very tricky. “Sourcing” is synonymous with the supermarket business in...
  • Wumart buys Lotus mainland stores for HK$2.34 bln, filing says

    Oct 15, 2013 7:39pm
    Wumart Stores Inc. (01025.HK) has agreed to acquire 36 retail stores in mainland China from C.P. Lotus Corp. (00121.HK) for HK$2.34 billion (US$300 million), according to a filing to the Hong Kong stock exchange on Tuesday. In...
  • Wumart, Lotus in acquisition talks, website says

    Oct 15, 2013 1:33pm
    Wumart Stores Inc. (01025.HK) and C.P. Lotus Corp. (00121.HK) are in talks over a possible acquisition, Tencent’s qq.com reported Tuesday, citing sources from Wumart. Shares of both companies were suspended from trading on Tuesday, pending an announcement....
  • Tingyi packs instant noodle punch in Hangzhou, paper says

    Oct 15, 2013 12:21pm
    Tingyi (Cayman Islands) Holding Corp.’s (00322.HK) 1.8 billion yuan (US$294.85 million) instant noodle plant is up and running in Hangzhou, Apple Daily Taiwan reported Tuesday. The production lines can make up to 5.8 billion packs of instant...
  • Beijing drug stores picked for baby formula trial, paper says

    Oct 15, 2013 11:49am
    The Ministry of Commerce has selected a number of drug stores in Beijing to sell baby formula under a trial program after a recent contamination scare, Beijing Business Today reported Tuesday. Up to 20 drug stores in...
  • Shanghai first China stop for global retail names, paper says

    Oct 15, 2013 11:48am
    Shanghai is fast becoming the preferred destination for international retail brands to tap into the mainland market, with big names like Uniqlo, Shanghai Tang, Breguet and Ernest Borel launching flagship stores in the city in the...
  • China rice output seen declining this year, WSJ says

    Oct 15, 2013 9:20am
    China’s rice production may decline 0.7 percent to 202.8 million metric tons this year, the first time since 2003 that the nation would harvest less than the year before, the Wall Street Journal reported Monday, citing estimates...
  • TV sales down, air con sales up over holiday, paper says

    Oct 15, 2013 9:17am
    About 6.24 million TVs were sold on the mainland between September 16 and October 6, down 1 percent from a year earlier, the China Securities Journal reported Tuesday, citing market researcher AVC. It was the first...
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    The Big Picture: FRAGILE REBOUND

    - Oct 15, 2013 8:29am
    A slew of economic data was released on Monday, sending mixed signals to investors about the strength of China’s economic recovery. The consumer price index accelerated at a more-than-expected 3.1 percent last month, reviving fears of...
  • Biostime thrives in antitrust aftermath

    Oct 15, 2013 6:40am
    No matter how much China’s state media badmouth overseas infant formula brands, the country’s parents remain faithful to the imported product. The strong run of Biostime International Holdings Ltd. (01112.HK) is a clear reflection of such...
  • NDRC raises wheat purchase price for 2014, CNS says

    Oct 14, 2013 10:20am
    The National Development and Reform Commission (NDRC) said Saturday it would raise the minimum purchase price for wheat to 118 yuan (US$19.29) per 50 kilograms for 2014, up by 6 yuan over this year’s level, China...
  • Lane Crawford plans return to Shanghai, paper says

    Oct 14, 2013 9:39am
    Hong Kong’s luxury department store Lane Crawford is set to open a 14,000-square-meter store in Shanghai later this month, its biggest outlet to date, Shanghai Daily reported Monday. The upmarket store pulled out of Shanghai seven years...
  • Nu Skin eyes middle class in US$200 mln China push, report says

    Oct 14, 2013 7:15am
    Personal-care products maker Nu Skin Enterprises is ramping up investment on the mainland as it eyes the country’s growing middle class, Xinhua reported Sunday. Nu Skin president Truman Hunt said the company plans to put close to...
  • Hershey adds first new brand in 30 years, WSJ says

    Oct 11, 2013 2:19pm
    Hershey Co. plans to start selling a line of caramels — its first new brand in 30 years — in the United States early next year after launching the product this year in China, the Wall...
  • Taobao, LV to take on counterfeiters, statement says

    Oct 11, 2013 12:01pm
    Taobao.com, the online shopping site of e-commerce giant Alibaba Group, has teamed up with French luxury house Louis Vuitton to eradicate fake products from the Chinese site, Alibaba said in a statement Friday. The two companies...
  • Milk price hike may run out of steam soon

    Oct 11, 2013 9:29am
    According to market monitoring by the official Xinhua news agency, the price of liquid milk in plastic bag, one of the most affordable among dairy products in mainland China, has risen steadily this year even if the...