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Suning – painful transition weighs on earnings

Suning continues to grapple with sluggish bricks-and-mortar store sales and costly e-commerce operations. Its difficult transition into a multiplatform retailer is expected to continue to weigh on profitability in coming years.

09 April 2015

Alibaba – mounting pressure from rivals and government

China’s e-commerce market leader Alibaba is likely to maintain its dominance, but faces mounting pressure from faster-growing rivals such as JD.com as well as the government.  

09 April 2015

JD.com – high-speed expansion, heavy losses

While JD.com should continue to grab market share, buoyed by its reliable distribution model, product mix diversification, lower-tier-city expansion and alliance with Tencent, its cost-heavy model is likely to result in further losses.

09 April 2015

Vipshop – expanding in a fast-growing niche

Online discount retailer Vipshop continues to strengthen its lead in a fast-growing niche through growing brand awareness, expansion in lower-tier markets and its successful self-operated model. Demand from price-sensitive consumers should continue to fuel sales in 2015.

09 April 2015

Assessing Alibaba’s latest financial innovations

Industry participants debate the significance of two new short-term credit facilities launched by Alibaba’s financial services affiliate.

09 April 2015

Online retail – crucial battlegrounds

With competition between Alibaba and JD.com heating up, mobile and logistics represent crucial battlegrounds in the pursuit for online retail supremacy.

09 April 2015

Confidence rebounds despite spending growth slowdown

Discretionary spending and cost-of-living growth both fell sharply in our latest survey of 1,000 consumers nationwide, conducted March 17-24. The results nevertheless showed an improvement in consumer confidence in the overall economy, while household income growth remained robust and investment returns strengthened.

31 March 2015

Chow Sang Sang – efficiency to help weather storm

Chow Sang Sang’s revenue fell in 2014 on falling jewellery demand and Hong Kong’s declining attraction as a tourist destination, but prudent mainland expansion and solid operational efficiency should help the company to compete in an increasingly competitive market.

26 March 2015

Luk Fook – Hong Kong weakness to weigh on sales

Despite rapid expansion in lower-tier cities in mainland China and improving popularity among mass-market consumers, weakness in its home territory is likely to continue to weigh on sales growth going forward for Hong Kong-based Luk Fook.

26 March 2015

TSL – cost and debt pressures rise

Hong Kong jeweller TSL’s attempts to transform its operating model and positioning should support long-term growth, but may continue to push up capital expenditure and debt from already high levels in the short term.

26 March 2015

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