Advertisement
Advertisement
TOPIC

Consumers

Consumers
News about consumer spending and shifting shopping habits from around the world with a focus on developments in Hong Kong and mainland China.
Shoppers walk by a reflected art installation at an outdoor luxury shopping mall in Beijing. Photo: AP
Banking & finance

Beijing ramps up tax crackdown, frames consumption levies as fiscal lifelines

Authorities target retailers, shell companies and off-the-books manoeuvres to lessen tax liabilities.

Pop Mart

China’s Pop Mart eyes expansion at home and abroad for its Pop Land theme park

China stock market

Baijiu bet: top China fund manager backs consumer rebound

Malaysia

Malaysia’s durian growers in ‘survival mode’ as early glut squeezes export trade

An early bumper harvest and rising fuel and freight costs are squeezing premium durian exporters as they race to get their fruit into China.

videocam
Fresh Musang King durians from Malaysia are displayed for sale in the supermarket in Beijing, China, on April 13. Photo: Simon Song
Indonesia

Can Indonesia’s front-of-pack nutrition labels help fight rising obesity?

Indonesians welcome the new labelling system to reduce sugar, salt and fat intake, but experts warn it is not a ‘silver bullet’.

videocam
Electric & new energy vehicles

China’s premium EVs mount tech-powered challenge to BMW, Mercedes-Benz at expo

10-day show in Beijing, the world’s largest, to feature 1,451 models and exhibition area of 380,000 square metres.

4
Advertisement
Advertisement
Advertisement
Cambodia

Cambodia is boycotting Thai products. Smuggled chicken could show otherwise

The Cambodian public is maintaining a boycott of Thai businesses even as the country’s economy is reeling from the global fuel crisis.

Cambodian boats stopped by Thai authorities earlier this month in Thailand’s eastern coastal province of Trat. Photo: Facebook / RTNSpokesperson
Electric & new energy vehicles

CATL to supercharge China’s EV sector with revamped battery tech

World’s largest EV battery producer reveals third-gen product that charges in under six and a half minutes, easing drivers’ range anxiety.

videocam
Indonesia

Indonesia’s state energy firm raises fuel prices, risking subsidy strain

Analysts warn the price increases could encourage better-off consumers to switch to products meant for lower-income households.

E-commerce

Hidden office, fractured bone: violent clashes in China’s food safety crackdown

Details of secrecy, obstruction and violence emerge from a probe into 67,000 ‘ghost’ bakeries across China’s biggest e-commerce platforms.

Regulators have imposed the heaviest fine of 1.51 billion yuan on PDD and suspended it from adding new bakery merchants for nine months. Photo: Reuters
Hong Kong property

‘Kidults’ and nostalgia drive Toys ‘R’ Us pivot as Hong Kong retail evolves

The retailer is refining its operations with smaller outlets and lifestyle products to capture new demand from Gen Z and young adults.

Toys and collectibles are no longer bought only by children but increasingly by adults, says Leo Tsoi. Photo: Jonathan Wong
US, Israel war on Iran

Why Iran war is making petrol cars an unwanted luxury in Asia

From Nepal to Vietnam, soaring fuel costs are making petrol cars a luxury as Asia outpaces Europe in the race to go electric.

China trade

Record-setting Canton Fair under Middle East cloud as costs hit China’s exports

Manufacturers and buyers offer on-the-ground perspectives at China’s largest trade exhibition, swapping stories and predictions amid massive turnout.

United States

Ticketmaster owner Live Nation ran illegal monopoly, US jury finds

The anticompetitive conduct hurt music fans and the industry, the panel said in a verdict that may have big repercussions on the music world.

The Ticketmaster logo before an NFL football game in Jacksonville, Florida, in September 2024. Photo: AP
Malaysia

Malaysians urged to tighten their belts as Iran war fallout starts to bite

Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high.

People walk to their workplace during the morning rush at Kuala Lumpur city centre, Malaysia. Photo: Reuters
China’s private sector

Chinese firms drawn to Brazil as they seek anchor for Latin America expansion

Chinese brands like Mixue, BYD, and Geely are surging into Brazil, leveraging strong trade ties and local strategies for growth.

China’s private sector

China’s tea-drink shops thirst for profits as price wars dry up prospects

‘I am learning a hard lesson of how involution can destroy my business,’ a Shanghai shop operator says.

Advertisement
Advertisement
Advertisement
European Union

Ireland police remove farmers, blockades protesting against fuel price rises

The protests have led to blockades at Ireland’s only oil refinery and prevented tanker trucks from delivering fuel to petrol stations.

Tractors block O’Connell Street on the fifth day of the National Fuel Protest, in Dublin, Ireland on Saturday. Photo: AP
Electric & new energy vehicles

Hyundai spearheads foreign EV comeback push in China with Ioniq brand

South Korean carmaker bets on local partnerships and technology as global brands prepare fresh push into China’s fast-moving EV market.

United States

Popeyes returns to Beijing after 24 years, as global chains eye China growth

Brand aims to open up to 20 stores in Beijing this year after ‘two years of exploration’, mostly in Shanghai, to perfect its model, CEO says.

China inflation

China’s factory-gate prices rise for first time in 3 years as Iran war bites

The producer price index rose by 0.5 per cent in March, the first increase since 2022, as soaring global commodity prices affected Chinese firms.

A worker fills up a car at a petrol station in eastern China’s Shandong province. Photo: Getty Images
Banking & finance

Yiwu market owner eyes Hong Kong IPO to support overseas expansion

Hong Kong listing plan comes after the company reported net profit of 4.2 billion yuan for 2025, up 36.8 per cent from a year earlier.

A shop owner holds a toy depicting US President Donald Trump at the Yiwu International Trade Market in Yiwu, Zhejiang province on April 10, 2025. Photo: AFP
Fashion

Feng Chen Wang on 10 years in fashion and ‘Chinamaxxing’ before it was cool

The Chinese-born designer, who had Virgil Abloh as a mentor, just celebrated her brand’s 10th year at Shanghai Fashion Week.

Electric & new energy vehicles

Volkswagen tests China’s appetite for locally developed EVs

The three models, which will be launched over the next two weeks, use technology developed by Volkswagen’s Chinese partners.

Electric & new energy vehicles

Chinese carmakers bet on solid-state batteries to drive next EV phase

Carmakers push next-generation battery tech as they chase longer range and improved safety, despite high costs.

Analysts say the technology promises higher energy density, improved safety and longer driving range. Photo: Shutterstock
The Philippines

Why high fuel costs could accelerate the Philippines’ EV boom

Vietnam’s VinFast is seizing the moment by offering incentives for drivers to make the switch from petrol-powered vehicles to electric.

A person on an electric scooter passes a jeepney at a transport terminal in Quezon City on March 19. The Philippines is grappling with a national energy emergency triggered by the war in Iran. Photo: EPA
Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

Following Skoda’s exit from China, other carmakers with falling sales are also likely to close shop this year, analysts say.

videocam
China consumption

China’s luxury spending seen boosting global sales in 2026 despite headwinds

Affluent Chinese consumers are expected to splurge, though a volatile property market and oil price shocks pose challenges, analysts say.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement