Sometimes an economic downturn is the time to go out on a limb. It may be the moves that a company makes now that will help keep its business booming when the economy turns around. Rural markets are been seen as the savior of the Chinese economy as the large rural population means that even […]
Category: Consumer
Best Buy, the world’s largest retailer of consumer electronics, said its Shanghai stores are selling more Chinese brands at the expense of Japanese and Korean brands, the Financial Times reported. Bob Willett, head of Best Buy’s international division, said that sales of local brands like Lenovo, Haier and TCL have increased 30-40% while sales of […]
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361º hopes to raise $200m in HK IPO
Sportswear retailer 361º International announced that it is hoping to raise at least US$200 million in a Hong Kong initial public offering, the South China Morning Post reported. The company intends to use the money to fund expansion, including the addition of 1,500 new outlets by the end of 2010, for a total of 7,000 […]
US private equity fund Warburg Pincus exited its investment in China Huiyuan Juice, declining to swap its convertible bonds for a 7% equity stake in the company, the Financial Times reported. Warburg is the first significant shareholder of Huiyuan to leave its investment since the failure of a US$2.4 billion takeover bid for Huiyuan by […]
With Chinese consumers in a temporary funk, brands must tailor their messages to conservative tastes, says JWT’s North Asia CEO