On the evening of Jan. 6, it was reported that middle and senior executives of Luckin Coffee signed a joint letter, accusing the current chairman and CEO Guo Jinyi.
On Dec. 28, China’s commercial giant Suning Group and its subsidiary Suning International partnered with Hainan Tourism Investment Development Co. Ltd to expand its duty-free retail market.
Budget retail store Miniso is joining the global toy market with the debut of its TOP TOY store in Guangzhou.
Lifestyle product retailer MINISO opened its 100th post-IPO store in Madrid on Nov.6, amidst industry-wide scaling back and closings.
Alibaba Group Holding Ltd. said on Monday it will invest about $3.6 billion to increase its stake in Sun Art Retail Group Ltd., one of China’s largest supermarket operators.
Chinese discount retailer Miniso saw a robust NYSE debut on Thursday, raising $608 million with its stock rising as high as $24.90, well above its price range of $16.50 to $18.50.
China’s retail services platform Meituan officially released its first AI smart store MAI Shop on Wednesday in Beijing, bringing a new unmanned delivery retail experiences to residents.
GOME Retail on Monday released its unaudited interim results for the six-month period ended Jun. 30, 2020, showing its parent company experienced a loss of 2.623 billion yuan for the period.
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
The fast rising Chinese retailer Pinduoduo (PDD) has made it to this year’s Brandz Retail Top 20 list for the first time, as well as the brand database’s annual Top 100 Most Valuable Global Brands.
American retail giant Costco is deepening its foothold in the Chinese market with the opening of its first store in Minhang, Shanghai.
Small players’ dreams are nothing compared to the strategic needs of giants: the fiercely competitive market has no tolerance. It's only a matter of time before those players will be driven out.