China’s Vipshop acquires Shan Shan Outlets
Chinese online discount retailer Vipshop Holdings has announced that it has entered into a share purchase agreement to acquire 100 percent of the capital and equity interests in Shan Shan Commercial Group. Vipshop will pay over a total of RMB2.9 billion to Shan Shan...
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North Korea’s Pomhyanggi launches website
One of North Korea’s most established beauty brands has launched a website, according to a report published by NK News, quoting Meari. The new site for Pomhyanggi, which was launched by brand owner the Sinuiji Cosmetics Factory, is said to include an online store,...
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L’Oréal teams up with Tencent’s WeChat to boost ModiFace presence in China
L’Oréal has teamed up with Tencent-owned WeChat to launch the first 3D augmented reality make-up try-on facility for WeChat Mini Program. The application is supported by L’Oréal’s tech arm ModiFace and will debut on Giorgio Armani Beauty’s official WeChat Mini Program...
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Walmart to up China investment by US$1.2 billion
Walmart is planning to invest a further US$1.2 billion in China over the next two decades to improve its supply chain logistics, according to a report published by WWD. “Walmart continues to increase investment in supply chain logistics in order to enable our...
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Chanel to open Tmall flagship
Chanel has confirmed that it will open a flagship store on Tmall this fall, according to a report published by WWD. The French fashion house will run a pre-sale from July 5, selling its cosmetics, skin care and fragrance line via a third-party e-commerce operator in...
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Tmall launches English-language site to help recruit foreign brands
Tmall Global has launched an English-language website to help onboard international brands who want to sell on the marketplace. The portal will contain information about the Alibaba-owned site as well as tips for selling to Chinese consumers as well as enable brands...
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Carrefour pulls out of Chinese market as rise in online shopping continues to threaten hypermarkets
French hypermarket Carrefour has announced it is pulling out of the Chinese market as the rise in online shopping and dominance of domestic stores continues to put pressure on foreign retailers. The largest retailer in France, Carrefour announced it is selling an 80...
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Sa Sa International launches flagship online store on HKTVmall
Sa Sa International has announced the launch of its flagship online store, Sa Sa Hong Kong Flagship Store, on 24-hour online shopping platform HKTVmall. The store lists some 1,200 products across the skin care, make-up, fragrance and personal care categories. HKTVmall...
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Japan’s largest drugstore chains in merger talks
Two of Japan’s largest drugstore chains, Cocokara Fine and Sugi Holdings, are considering the possibility of a merger, according to a report published by The Japan News. A third, Matsumotokiyoshi Holdings is also exploring the possibility of a management merger with...
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Little Red Book launches live streaming
Chinese social media and commerce platform, Xiaohongshu (Little Red Book) has launched a live streaming feature, according to a report published by Jing Daily. The site is testing the new function and is said to have invited select influencers to try out the new...
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