Search Results for: hong Kong

BY WANG FANGQING

AS e-commerce continues to boom in China, increasingly Chinese women are buying their favourite beauty products online. Internet sales of beauty and personal care products in China reached (China Yuan Renminbi) CNY1.3 billion (US dollars USD195.3 million) in 2010, and are expected to double in 2015, according to London-based research firm Euromonitor International.…

BY WANG FANGQING

China’s leading brewer China Resources Snow Breweries (CRB), the owner of the country’s most popular beer Snow Beer, began building a new plant on November 26 in Zhumadian city, Henan province, to boost sales in this central China region.…

BY DEIRDRE MASON

AS the market for electric vehicles (EVs) picks up, the infrastructure for recharging them will inevitably have to keep pace – so, according to US-based consultants in global clean technology markets Pike Research (NOTE: CORRECT), there will be around 4.7 million EV charging units operating worldwide by 2015.…

BY MARK GODFREY

Albert Ng, Ernst & Young

Managing partner and chairman of E&Y’s China business, Hong Kong native Albert Ng has over 25 years of professional experience in the accounting industry in China and Australia. That background will be valuable as he moves the firm on from an embarrassing settlement over its auditing of Akai Holdings, a bankrupted Chinese electronic manufacturer and retailer.…

BY HELENA FLUSFELDER, GERARD O’DWYER

A PLAN to install an electric car network has been approved by Israel’s government, making this small Middle East country a global leader in electric vehicle (EV) technology.

The project is a joint venture between Renault-Nissan, which will provide the electric vehicles, and a Silicon Valley, USA-based start-up project Better Place, which will operate the re-charging grid.…

BY VILLEN ANGANAN

The constant risk of financial crisis and economic malaise in the European Union (EU) is real and may have worrisome consequences for the Mauritius textile sector.

This Indian Ocean island state’s important textile and clothing sector has been dealing with the global recession in 2009, causing a contraction of 2.9% in output through a fall in demand from US and Europe markets.…

BY WANG FANGQING

CHINA’S perpetually rising costs and currency have, of late, been undermining China’s export industry. However, this has encouraged Chinese clothing retail entrepreneurs to appeal to their domestic market, notably its demographic of Internet-savvy, younger generation consumers. And of course, a key benefit of serving domestic consumers is the ability to create brands and control the whole industrial process, from sourcing materials, to design, manufacture and marketing.…

BY MARK GODFREY

THE KNOWING, slightly sinister smile is instantly recogniseable. But instead of slaying rebels Huang Xiao Ming is shilling Olay men’s moisturiser and deodorant. Huang’s face is recognizable to Chinese who’ll have seen it plastered on billboards nationwide promoting the 2009 blockbuster The Message, a spy thriller set (as many films are in China’s state-controlled film business) during the fight against Japanese occupation.…

BY WANG FANGQING

CHINESE consumers just cannot hold themselves back from spending money on luxuries it would appear, and the personal care product industry is reaping the benefit.

From February 2010 to March 2011, the Chinese had spent an accumulated amount of USD10.7 billion on luxuries (excluding automobiles, yachts and private jets) in domestic sales alone, about 25% of global luxury consumption, reported the World Luxury Association (WLA) in June 2011.…

BY ALAN OSBORN

DEFINING a niche drink is an arbitrary matter and what may pass as niche today may well be considered mainstream tomorrow. Flavoured vodka, for instance, had a relatively specialised following in Europe until a few years ago – now it is classified as an official spirit drink under European Union (EU) regulations.…