Due to geopolitical tensions, climate change, the cost-of-living crisis, and economic uncertainty, throwback marketing strategies are appealing to consumers, in light of the growing apprehensions, acc…
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L’Oréal invests in China’s Shinehigh Innovation
France’s L’Oréal has taken a minority stake in Chinese biotech firm Shinehigh Innovation, as the beauty giant looks to co-develop both novel and sustainable beauty solutions for future products.…
Estée Lauder’s NIV makes minority investment in China’s Code Mint
Estée Lauder Companies’ investment division, New Incubation Ventures (NIV), revealed its minority investment in Code Mint, a clean beauty brand from China.…
A closer look at China’s cross-border consumption recovery trends for 2023
As the impact of the pandemic on regular business and social activities in China gradually subsides post-Covid, the region is witnessing a steady recovery in cross-border travel and consumption in 202…
Alibaba’s Daniel Zhang quits cloud unit, spin-off plans to go ahead
Chinese tech behemoth Alibaba Group Holdings has announced the departure of Daniel Zhang from its Cloud Intelligence Group, its second biggest business unit after its domestic e-commerce.…
China continues to lead global e-commerce market with expected USD 2.2 trillion sales in 2023
The Chinese e-commerce market is set to surge to CNY 15.2 trillion (USD 2.2 trillion) in 2023, up 9.9 percent, driven by the ongoing shift of consumer preferences from offline to online shopping.…
Authentic Brands inks Greater China, Southeast Asia distribution deal for Hunter
Authentic Brands Group has forged a new partnership with Baozun Inc. for British heritage brand Hunter, which will see the Chinese firm handle the UK wellington brand across Asia.…
PVH Q2 sales up on Calvin Klein, Tommy Hilfiger international sales, China soars
PVH Corp. recorded a revenue increase of 4 percent to USD 2.207 billion for the second quarter, on the back of strong growth in the American fashion giant’s Asia Pacific region, especially China…
Farfetch GMV inches forward on digital platform revenues, China GMV continues to decline
Farfetch Group reported a GMV increase of 1.2 percent in second quarter to USD 1.03 billion, on the back of a mid-single-digit growth in digital platform revenues and a lift in marketplace orders.…
Adidas renews beauty license with Coty ahead of China entry
Coty Inc. announced that it has renewed its long-term license agreement with Adidas, as the German sportswear giant looks to take its Active Skin and Mind range to China.…