Retailing, Franchising, and Consumerism Business Intelligence in China

March 2020

Chow Sang Sang Net Profit Down 36% In 2019

Chinese jewelry brand Chow Sang Sang recently published its annual results for 2019, stating that the company's operating revenue was HKD17.736 billion, a year-on-year decrease of 6%; and its net profit attributable to shareholders was…

SF Express Net Profit Up 27.24% In 2019

Chinese express delivery service provider SF Express recently published its annual performance brief report for 2019, stating that the company realized total operating revenue of CNY112.193 billion, a year-on-year increase of 23.37%; and its net…

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OYO To Cut 3,000 Employees In China

According to reports in foreign media, Indian hotel start-up OYO plans to cut about 5,000 employees around the world and China will be the most impacted market where about 3,000 people may lose their jobs.