Wangfuijing Group has been awarded a license for duty free retail, according to a report published by Reuters.
Shares in C-beauty companies have experienced an uptick as investors bet on a wholesale switch towards cheaper, local brands in the wake of the coronavirus pandemic, according to a report published by Bloomberg.
L’Oréal has launched the new YSL Beauty Worldwide Flagship Store in Shanghai as it looks to capitalize on the flourishing domestic fragrance market.
Sephora has announced the launch of its Sephora Tmall Global Flagship Store in partnership with China’s Alibaba-owned e-commerce platform Tmall.
JD.com has announced its results for the first quarter of fiscal 2020. The Chinese tech and e-commerce behemoth saw revenues climb 20.7 percent year-on-year in the three months to March 31, 2020, to RMB146.2 billion.
Estée Lauder has launched a new Home Concierge service in Singapore in a bid to target consumers locked down due to the country’s Circuit Breaker strategy during the coronavirus pandemic.
Shanghai’s administration has conceived a novel way to boost economic activity in the wake of the coronavirus. The Chinese city is staging a two-month-long shopping festival, named Double Five Shopping Festival, according to a report published by WWD.
Chanel has launched an online pop-up store in Hong Kong, which will feature beauty items such as make-up, skincare and fragrance.
China’s leading food delivery service Meituan is expanding rapidly in a bid to compete with e-commerce giants Alibaba and JD.com, according to a report published by Tech Node.
Loft is said to be preparing to open a store in China, according to a report published by the Japan Times.