Warburg Pincus-backed logistics developer and fund manager ESR has posted a 21 percent rise in net profit to $245 million for 2019, as it continues to ride the growth of e-commerce and the shift of capital values to Asia.
In… Read More>>
Tencent-Backed Vipshop Buys Five China Outlet Malls for RMB 2.9B
China’s online retail giants continued their invasion of the physical shopping world this past week as a fashion ecommerce player backed by Tencent and JD.com agreed to buy an outlet mall chain for RMB 2.9 billion ($422 million).
New York… Read More>>
JD.com Pledges to Open 1000 High Tech Supermarkets Within Five Years
China’s second largest e-commerce retailer JD.com is planning to open 1,000 online to offline supermarkets in the next three to five years, stepping up its competition with Alibaba and Tencent to dominate the mainland grocery business.
Wang Xiaosong, CEO of… Read More>>
Logos Agrees to Buy Site for S$270M Singapore Warehouse
Logos Property has agreed to purchase an industrial site near Singapore’s West Coast Highway as the regional logistics real estate firm continues to grow its presence in Southeast Asia.
Following completion of the acquisition, Logos says it will redevelop the… Read More>>
JD.com Aims to Open 500 High Tech Supermarkets in Five Years
The brick and mortar competition among China’s tech giants continues to heat up with JD.com announcing earlier this week that it would open 500 of its 7Fresh supermarkets in five years. This latest expansion into offline retail by China’s second-largest… Read More>>
JD.Com Ties Up With FamilyMart to Rush Duck Neck and Stinky Tofu to Mainland Couch Potatoes
China’s second-ranking e-commerce platform, JD.com, is now the country’s number one couch potato enabler, serving up fast food, Oreos and stinky tofu straight from the nearest FamilyMart convenience store to the comfort of every Internet user’s living room.
Under the… Read More>>
Wanda Repackages Flailing O2O Platform into New Online Division
Dalian Wanda Group is still licking its wounds after Tencent and Baidu walked away from the trio’s $3 billion ffan.com ecommerce joint venture in August. However, the conglomerate controlled by China’s richest man may not be quite ready to fold… Read More>>
Chinese Think Tank Says 1/3rd of Mainland Malls to Close Within 5 Years
More bad news for China’s struggling brick and mortar retailers as a recent report from the Chinese Academy of Sciences and Social Sciences Academic Press predicted as many as one-third of all shopping centers in China will close their doors… Read More>>
Shanghai Mall Developer Buys Ad Urging Shoppers to “Say No” to Ecommerce
E-commerce has become a star of China’s rapidly transforming economy, but there are signs that all the attention being garnered by platforms like Alibaba’s Taobao may have generated resentment among some of the players being pushed from centre stage.
That… Read More>>
Wanda Takes Aim at O2O Prize with Buy of Online Payment Provider
Fresh off of a $3.7 billion Hong Kong IPO, China mall developer Dalian Wanda is attempting to put some of its new cash to work in the world of ecommerce.
The owner of China’s biggest chain of malls – with… Read More>>