During the second quarter of 2022, Sasa International Group’s retail and wholesale turnover decreased by 1.1 percent, with the group’s turnover 62.1 percent lower than it was during the same period in…
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Cross-border luxury sales continue to grow
Global and domestic direct-to-consumer e-commerce company ESW reported a 17 percent increase in cross-border online sales of luxury goods in the first half of 2022, despite diminishing consumer confid…
Survey unveils what Chinese e-shoppers look for in Western brands
A survey, which has polled 1,000 Chinese shoppers who shopped on the largest cross-border marketplace Tmall Global in the past 12 months, was carried out to understand these cross-border shoppers’ onl…
Online sales of Valentine’s Day limited editions soared in China
Online sales of fashion and luxury goods in China surged on Valentine’s Day according to recent data released by JD.com. The e-commerce giant reported that various fashion brands have launched limited…
Why is Farfetch betting on sneakers?
Discover why Farfetch acquired New York-based Stadium Goods, opting to pay $250 million for the sneaker startup.…
Chinese ask for imported products, JD.com provides
JD.com will purchase nearly RMB 100 billion worth of products from overseas brands as consumers are demanding more high-quality products from around the world.…
Australia’s November online sales surge most in three years
Online sales in November 2017 increased the most in three years in Australia, according to data released by the NAB, with consumers buying considerably more items online compared to the same month in …
Cosmetics brand VDL to open in through China’s online website, Tmall
LG Household & Health Care, Korea’s No. 2 cosmetics maker, said that its international cosmetics brand VDL started to be sold through China’s online website, Tmall, a website for business-to-cons…
South Korean cosmetics: The big winners in China
South Korean labels were the big winners in FT Confidential Research’s latest survey of China’s most popular cosmetics brands, as they catch up on dominant US and European companies. Thei…
Rocket Internet says it lost $682m this year
The well-funded firm – which runs a number of startups such as Foodpanda, Zalora, and Daraz – lost US$682 million in the first nine months of 2016.…