Retail


Calls for China’s new e-commerce rules to hit big sales platforms harder 

Calls for China’s new e-commerce rules to hit big sales platforms harder 

(ATF) China has told its nation of 1 billion shoppers that it is bringing in new legislation aimed at curbing the worst excesses of misbehaving e-commerce firms.The new measures will come into force in May after criticisms that the current levels of fines were no deterrent for the likes of …

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China consolidates comeback with upbeat industrial, retail data

China consolidates comeback with upbeat industrial, retail data

(ATF) China emphasised its rebound from the coronavirus pandemic on March 15, as a slew of better-than-expected data landed.Industrial output rose 35% in the first two months of 2021, compared with a year earlier, up from a 7.3% on-year uptick seen in December, according to National Bureau of Statistics data. …

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Marks and Spencer ban on Xinjiang cotton puts China stores on the spot

Marks & Spencer ban on Xinjiang cotton puts China stores on spot

(ATF) British retailer Marks & Spencer (M&S) on Wednesday became one of the first major brands to back a drive to stop forced labour in cotton and garment sourcing from China's Xinjiang region.The company said in a statement on January 6 that it would not use cotton from China's Xinjiang …

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Walmart teams up with TikTok to sell merchandise on livestream 

Walmart teams up with TikTok to sell merchandise on livestream 

US retail giant Walmart has partnered up with video-sharing app TikTok to sell its fashion merchandise.The store chain said on Thursday it can now sell items seen on a livestream on the Chinese-owned app.Walmart said viewers on TikTok, which can number 100 million a month in the US, will be …

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China e-shopping event rings in 580,000 sales per second

China e-shopping event rings in 580,000 sales per second

(ATF) China’s annual e-commerce sales event has broken all records for sales and logistics speeds with billions of dollars-worth of products sold in the first two hours alone.The first wave of sales in this year’s so-called Double Eleven shopping festival, also called Single’s Day, clocked up 372.3 billion transactions - …

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A millennial love affair: China's second-hand luxury goods market booms 

A millennials love affair: China's second-hand luxury goods market booms 

BEIJING: China's love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials, who have been forced into belt-tightening by the coronavirus pandemic.The rapid proliferation over recent years of second-hand luxury sales online platforms …

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