Retailing, Franchising, and Consumerism Business Intelligence in China

February 2006

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More Than 70% Of Chinese Netizens Shop Online

Up to 71.3% of China's 103 million netizens have shopped or consumed via the Internet, a proportion that slightly surpasses the average 70% in the Asia-Pacific region for the first time, according to a report…

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Shanghai Retail Has Sweet Upsurge

Shanghai's retail sales rose 12% year-on-year in January to RMB27.46 billion thanks to a burst in holiday spending, the city's statistics bureau said last week.

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Beijing To Limit New Department Stores

Beijing will restrict the building of large department stores this year as the Chinese capital seems to have too many already, said Cheng Hong, deputy director of Beijing Bureau of Commerce.

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Herbalife Reports Continued China Growth

U.S.-based Herbalife reported record fourth-quarter net sales of US$409.0 million, an increase of 19.7% compared to the same period of 2004. The company also reported good growth in China.

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AOC Seeks Chain Store Channels In China

AOC TPV Technology Group, one of the largest computer monitor manufacturers in the world, is in talks with retailers Dazhong and Carrefour to sell LCD monitors in their stores.