Faded Sun Art seeks to shine again in China’s changing grocery market
The former hypermarket superstar warned it fell into the red last year, as online grocers continued to eat its lunch Key Takeaways: Sun Art lost 1.7 billion yuan in its…
Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
CHINA BULLETIN: Keep Your Supply Chains in China, Beijing Says
In this week’s issue supply chain mania, a solar shakedown and the world’s first bird’s nest stock. On a scale of 1 to 100, we give the week a 40…
East Buy ditches tuition to become pure e-commerce player
The former leader in online education is shedding its remaining tutoring business to concentrate on livestreaming and online product sales Key Takeaways: East Buy is selling its tutoring business to…
U.S. retail giants grow cautious as rising interest rates cast chill on consumption
Lurking behind strong recent performance for U.S. retail giants is concern that consumers will cut their spending in the current monetary tightening cycle By Bantang Qubing The U.S. Commerce…