Watsons To Invest HKD540 Million To Promote Retail Big Data Technology
Health and beauty retail chain Watsons will cooperate with the Canadian start-up Rubikloud to apply big data technologies to its retail businesses.
Canada
China's Xiwang Food Acquires Canadian Diet Food Company For CNY3.8 Billion
China's Xiwang Food, which is known for its corn germ oil product, announced that the company will acquire the entire stake in Kerr Investment Holding Corp. for a total consideration of USD5.84 million, which is…
Alibaba Gets Exclusive With International Apparel Brands
China's Alibaba Group announced that they have signed exclusive cooperation agreements with over 20 apparel brands, including Zara and Timberland.
Starbucks Will Open Seven Starbucks Reserve Stores In China
Starbucks recently announced a new strategy for the Chinese market in which it will bring a new lineup of Starbucks Reserve coffees and an interactive coffee bar to seven stores in Beijing, Shanghai, Guangzhou and…
Letv Starts Selling TVs In Hong Kong
China's Letv.com announced that its super TV products have formally entered the Hong Kong market and the first batch of its 4K super TV X50 Air immediately sold-out after their launch.
China Still Poses Retail Challenge For U.S.-based Best Buy
Best Buy announced its new Chinese strategy in Nanjing, Jiangsu province, stating that it will return to the Chinese market via its Best Buy Mobile brand.
Hong Kong Company Acquires U.K. Luxury Apparel Brand
Hong Kong apparel wholesale and retail business operator YGM Trading Limited has announced that it has reached an acquisition agreement with Aquascutum, a British luxury apparel brand, to purchase the assets and businesses of the…
Fake Luxury Goods In China Targeted Via New Internet Agreement
Coach, a leading American designer and maker of luxury lifestyle handbags and accessories, has signed a memorandum of understanding with Taobao.com, the Chinese Internet shopping subsidiary of Alibaba Group, to prevent the sale of fake…
Wal-Mart China CEO Resigns
Wal-Mart has announced that its Chinese president and chief executive officer, Chen Yaochang, has resigned.
Starbucks Plans More Caffeine For China
During Starbucks' recent investor conference, the company announced plans for even greater China growth.