Slowing sales, a slump in its share price and a selloff in the gold market are fueling concerns that Laopu Gold Co., one of China’s hottest consumer brands, is losing momentum.
Gold bars and ornaments displayed at a Hong Kong Laopu store.
Chinese consumers are showing signs of a renewed appetite for high-end beauty and fashion products, a rare bright spot for global luxury brands after years of weak demand and margin-eroding discounts in their most important growth market.
Chinese suppliers to major US retailers like Walmart Inc. and Costco Wholesale Corp. said they are hiking prices for the first time in years as raw material costs soar just as factories ramp up production for Christmas.
Pop Mart International Group Ltd. swung from early gains to losses in Hong Kong as concerns about its growth outlook outweighed stronger-than-expected first-quarter sales, which were aided by robust demand in China.
After two sluggish years, duty-free shopping is snapping back on China’s Hainan island, where domestic tourists are once again crowding malls for luxury handbags, gold jewelry and skincare.
Buildings stand in the Sanya Bay district of Sanya, Hainan, China, on Sunday, April 6, 2014. China’s broadest measure of new credit fell 19 percent from a year earlier and money supply grew at the slowest pace since 2001, underscoring risks of a deeper slowdown as the government tries to curb financial dangers.
Chinese beauty products maker Proya Cosmetics Co. reported 2025 revenue that declined year‑on‑year and missed analyst estimates, a trend that extended into the first quarter as sales of its core brand lost momentum.
Shares of Kweichow Moutai Co. rose the most in about two months after China’s top liquor maker announced a price increase for its flagship Feitian Moutai spirit, in a move that could bolster its earnings prospects.
A bottle of Kweichow Moutai Co. alcoholic beverage in Shanghai, China, on Monday, April 22, 2024. Kweichow Moutai is scheduled to release earnings results on April 25.
Pop Mart International Group Ltd. shares fell as much as 9.7% after analysts cut price targets and downgraded their outlooks, citing signs of slowing overseas momentum and growing reliance on the company’s Labubu franchise in its full-year results.
Laopu Gold Co. is accelerating its international push after reporting strong 2025 results, driven by rising demand from China’s middle class and surging gold prices.
Gold bars displayed at the Laopu Gold Co. store at IFC Mall in Hong Kong, China, on Thursday, Dec. 25, 2025. China's high-end gold jewelry boom has been fueled by the surprise rise of Laopu, which has defied the weak performance seen among Western luxury rivals in China.
Pop Mart International Group Ltd. is bringing Labubu to the big screen, betting that a cinematic storyline can revive interest in the quirky toy as sales growth slows and investor enthusiasm wanes.
Kasing Lung with Paul King. Source: Pop Mart International Group Ltd.
Chinese clothing suppliers are bracing for higher apparel prices as the Iran war-induced surge in crude oil prices pushes up raw-material costs across the supply chain.
Workers at a garment factory in Guangzhou, China. Photographer: Qilai Shen/Bloomberg
Shares of Chinese toy retailers including Labubu maker Pop Mart International Group Ltd. rose Thursday in Hong Kong after China’s top economic planner signaled support for the sector in a key policy report.
The chairman of one of China’s top liquor makers has been placed under detention by local authorities, the company said, dealing another blow to a Chinese baijiu industry already struggling with sagging demand.
YICHANG, CHINA - MARCH 11, 2022 - Liquor wuliangye is seen at a supermarket in Yichang, Hubei Province, March 11, 2022. (Photo credit should read Costfoto/Future Publishing via Getty Images)
Chinese travelers’ total spending hit a record during the annual Lunar New Year holiday that ended Monday while per-trip outlay remained muted, tempering confidence over the sustainability of the consumption strength.
Shoppers on Nanjing East Road in Shanghai Photographer: Qilai Shen/Bloomberg
Yum China Holdings Inc. shares rose after the company reported better-than-expected operating profit in the fourth quarter, defying a price war in the country’s food delivery market.
A KFC fast food restaurant, operated by Yum China Holdings Inc., in Beijing. Photographer: Na Bian/Bloomberg
Major restaurant and beverage chains in China, including KFC and Cotti Coffee, are raising prices and cutting back subsidies on food delivery platforms, retreating from years of discounting that squeezed margins for many.
Pop Mart International Group Ltd. is setting up a London headquarters for its European operations as the Chinese maker of Labubu collectible toys seeks a new growth market after its breakout success in the US.
Protests outside the premises of a small gold retailer and trader have laid bare the extent of disruption caused by speculative buying across China that is powering a record-breaking metals rally.
Protests outside the premises of a small gold retailer and trader have laid bare the extent of disruption caused by speculative buying across China that is powering a record-breaking metals rally.
Anmelden
