Fast fashion is now at a crossroads in China. Clouds overshadow the fate of the sector following a scale-down of global fast fashion labels, including H&M which saw its stores in China shrink from 530 in 2018 to some 280 as of writing (according to the group’s store locater for mainland China), including the closure…
Chinese technology groups Baidu and ByteDance launched their artificial intelligence chatbots to the public on Thursday after receiving regulatory approval from Beijing. A handful of AI start-ups also had their services cleared for the public, in a development expected to help the companies improve their models and commercialise the technology as they race to deliver…
As China steps up to revitalise the economy, it has accelerated the domestic transformation of consumer behaviours. While Chinese consumers are exercising more rationale, seeking a balance between a trade-up and trade-down in their consumption journey, businesses are challenged to demonstrate a deeper understanding of consumer needs, not only in the material aspect but cultural and…
Shiseido Travel Retail has teamed up with China Duty Free Group (CDF) to launch an omnichannel beauty experience in the tourism hotpot of Hainan in an attempt to drive awareness of its travel exclusive products. Entitled ‘Light the Way’, under the spotlight is the brand’s prestige cosmetic brand NARS and its new collection, which comprises the…
The social commerce market The market for social commerce is only going to grow further in 2023. Indeed this market is expected to continue to expand, topping 1 trillion USD in annual global sales this year. And when it comes to which market stands out when it comes to social commerce, it has to be…
PARIS, July 27 (Reuters) – Second-quarter sales at French cosmetics giant L’Oreal slightly beat expectations, as a rebound in China helped offset slower growth in the United States where the rising cost of living is prompting shoppers to tighten their purse strings. The Paris-based group, which owns labels ranging from Maybelline to Lancome said on…
As the world gradually reopens, Chinese tourists are eager to embark on new adventures. Recently, Chinese consumers, motivated by pent-up demand and limited international flight travel, flocked to domestic tourism destinations, reaching 119% of its 2019 levels during the May Day holiday. As China’s economy rebounds from the pandemic, previously intrepid travellers are now more…
SHANGHAI : When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it launched without deep discounts or a celebrity host to pull millions of viewers. Yet Apple’s show, hosted by product experts offering tips on making movies with iPhones or using the…
Financial technology giant Ant Group said it is developing technology related to large language models (LLMs), while e-commerce conglomerate JD.com said it will launch its own model next month, as Chinese Big Tech companies race to stake out market share amid explosive interest around generative artificial intelligence (AI). An Ant spokesman confirmed on Wednesday that…
Chinese e-commerce giant JD.com is doubling down on its new low-price strategy to tap lower-tier markets amid intensified competition in the country, according to the company. The online shopping platform has been targeting smaller merchants by allowing these “million vendors” to open stores on its platform, Wang Xiong, an executive in charge of the firm’s…