Date
21 February 2020

Consumer & Gaming

  • Is Starbucks ripping off its Chinese customers?

    Oct 10, 2013 9:32am
    A cup of Starbucks latte costs US$3 in United States, but in Shanghai, you have to shell out 27 yuan (US$4.4), a 46 percent mark-up, for the same brew. Given the average discretionary income of an...
  • China to speed up M&A among infant formula makers, paper says

    Oct 10, 2013 9:08am
    China will step up mergers in the infant formula industry and raise the entry threshold for newcomers, Economic Information Daily reported Thursday, citing unnamed sources. Guidelines on the restructuring will be released soon, the report said....
  • Sa Sa holiday same-store sales growth slows to 6%, HKEJ says

    Oct 10, 2013 8:47am
    Sa Sa International Holdings Ltd. (00178.HK) said same-store sales growth (SSSG) for its shops in Hong Kong and Macau during the National Day “Golden Week” holiday was only 6 percent, lower than the double-digit figure widely...
  • Shuanghui eyes US$1 bln IPO in Hong Kong in 2014, paper says

    Oct 10, 2013 6:57am
    Chinese meat processor Shuanghui International Holdings Ltd. is planning an initial public offering on the Hong Kong stock exchange next year to raise about US$1 billion after it completed its buyout of Smithfield Foods Inc. in...
  • Ford seeks 5% share in China vehicle sales this year, WSJ says

    Oct 10, 2013 6:50am
    Ford Motor Co. aims to grab 5 percent of new vehicle sales in China by the end of this year, doubling its market share in the world’s largest auto market, the Wall Street Journal reported Wednesday,...
  • High-end caterers find new recipe under frugal regime

    Oct 9, 2013 9:57am
    Among the businesses affected by President Xi Jinping’s {習近平} frugality campaign, China’s high-end restaurants are among those hardest hit. During the week-long national holiday, many high-end caterers trained their promotional drive at families and social gatherings to make up for...
  • CR Enterprise denies Ng Fung Hong sale plan, paper says

    Oct 9, 2013 9:24am
    China Resources Enterprise Ltd. (00291.HK) has denied it is selling Ng Fung Hong Ltd., a Hong Kong-based supplier of fresh, live and frozen foodstuff, the Hong Kong Economic Times reported Wednesday, citing chairman Chen Long. There...
  • Man Wah ‘golden week’ sales up 43.7%, filing says

    Oct 9, 2013 9:03am
    Man Wah Holdings Ltd. (01999.HK) said its self-owned and distributor-managed specialty stores in the mainland recorded sales orders worth 173.2 million yuan (US$28.3 million) during the week-long National Day holiday, it said in a stock exchange filing...
  • Golden Week sees boom in wedding business

    Oct 8, 2013 11:34am
    Li, a netizen from Anhui, said on his Weibo account that he wasn’t able to do anything during the week-long national holiday except attend weddings. The statement went viral as many people had pretty much the...
  • Retail sales may stay weak for rest of the year

    Oct 8, 2013 10:28am
    Hong Kong’s retail sales rose 8.1 percent in August, the slowest growth so far this year. Together with the end of the gold-buying frenzy, restrictions on infant formula sales, the implementation of a new tourism law...
  • Wal-Mart eyes acquisitions to boost market share, paper says

    Oct 8, 2013 9:38am
    Wal-Mart Stores Inc. plans to boost its market share through acquisitions in Chinese cities where it has not gained either of the top two rankings in sales, Beijing Youth Daily reported Tuesday, citing Scott Price, chief...
  • Yum Brands eyes new-look Little Sheep restaurants, paper says

    Oct 8, 2013 9:18am
    Yum Brands Inc., owner of the KFC and Pizza Hut chains, plans to open six new-look Little Sheep hot pot restaurants in China by the end of the year, Southern Metropolis Daily reported Tuesday, citing Samuel...
  • Mainland holiday group tours to Taiwan down 30%, paper says

    Oct 8, 2013 8:39am
    Group tours by mainlanders to Taiwan were down 30 percent to 17,000 during the first six days of the week-long National Day holiday, Want Daily reported Tuesday, citing an unnamed official of the island’s Ministry of Transportation and...
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    The Big Picture: MIXED SENTIMENT

    - Oct 8, 2013 8:34am
    Investor sentiment is expected to be mixed when China’s equity markets reopen on Tuesday after the seven-day National Day holiday. Investors are advised to make their bets selectively on stocks related to the retail, catering, transportation...
  • National Day holiday restaurant sales up 13.6%, paper says

    Oct 8, 2013 7:28am
    Restaurant sales during the National Day “golden week” holiday were 870 billion yuan (US$142.147 billion), up by 13.6 percent from the previous year, Economic Information Daily reported Tuesday, citing the Ministry of Commerce. Many restaurants focused...
  • Chinese tourists are big spenders in Germany, report says

    Oct 7, 2013 10:29am
    Chinese tourists spent an average of 610 euros (US$827.56) on duty-free products in Germany last year, more than the 308 euros and 337 euros spent by traditional big spenders from Saudi Arabia and Russia respectively, China...
  • Bootmaker seeks toehold in Tennessee, WSJ says

    Oct 7, 2013 10:28am
    Hong Kong-based bootmaker Merchant House International Ltd. is seeking a foothold in the US state of Tennessee amid rising labor costs in China, the Wall Street Journal reported Monday. The company is one of many that...
  • UK shops seek easier visa for Chinese tourists, report says

    Oct 7, 2013 10:28am
    A total of 950 shops in London, including Harrods, Selfridges and John Lewis, have formed an alliance to ask the national government to further relax visa requirements for Chinese tourists, the official Xinhua news agency reported...
  • Nanjing consumers shun pharmacy milk powder, paper says

    Oct 7, 2013 9:27am
    Consumers in Nanjing are not enthusiastic about buying milk powder from Baixin Pharmacy which has been selling the product since the end of August under a trial scheme, Jinling Evening News reported Sunday, citing the pharmacy’s...
  • Wal-Mart looks to gain ground in Asia, WSJ says

    Oct 7, 2013 7:06am
    Wal-Mart Stores Inc. said it has revamped its practices and legal compliance in the region and is considering acquisitions in China as the retailer faces headwinds in a cornerstone of its global expansion plans, the Wall...