Tim Hortons China, also known as Tims China, is one of Canada’s most famous restaurant brands. The company has plans to open nearly 3,000 restaurants in China by 2026, just seven years after ent…
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Pandamart records 53 percent YoY growth
Over the last year, pandamart, a one-stop-shop platform for Hongkongers, recorded a 53 percent increase in turnover. The Sai Ying Pun pandamart recorded the highest order values, growing by around 144…
Best Mart 360 reports year-on-year sales growth
Hong Kong leisure retailer Best Mart 360 Holdings Limited announced its annual results for the year ended 31st March 2022 (“Financial Year”). During the Financial Year under review, the revenue record…
John Smedley pursues Chinese growth through digital initiatives
Heritage knitwear company John Smedley is now conducting a number of digital initiatives for consumers on the Chinese mainland to move the brand into the market.…
What does it mean for Moutai to enter the Chinese ice cream market?
Recently, a new entrant to the Chinese ice cream industry caused a stir on social media, the Chinese luxury Baijiu brand Maotai. It opened two ice cream stores within ten days and sold pre-packaged ic…
Japanese merchandise e-commerce to grow 6.6 percent in 2022
The latest report from Fuji Keizai on the state of the Japanese e-commerce market suggests that non-store physical merchandise sales will grow by 6.6 percent to JPY 15.4 trillion (USD 114.7 billion) i…
Uneven recovery across South-East Asia in post-COVID time
The economic recovery path chartered across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Despite that, average growth of abo…
ABOUT YOU shows growth in full-year sales results
European online fashion platform ABOUT YOU Holding SE reported significant year-on-year revenue and customer growth for FY 2021/2022, which ended on 28th February, 2022, and announced its guidance for…
The growth of hot drinks market in China
The Chinese hot drinks market is projected to grow at a compound annual growth rate (CAGR) of 9.4 percent from RMB 212.5 billion (US$30.8 billion) in 2020 to RMB 332.4 billion (US$48.9 billion) in 202…
Carousell Group acquires Ox Street
Carousell Group announced that it has acquired Ox Street, an end-to-end marketplace for authenticated sneakers and streetwear in Southeast Asia.…