Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
Shanghai-based logistics developer ESR today announced that a subsidiary of JD.com, China’s second-largest ecommerce player, is investing $306 million into the regional warehouse builder.
The logistics investment by the $53 billion high tech retailer provides a boost both for the… Read More>>
Leading today’s roundup, e-commerce giant JD.com is ramping up its logistics investments by bagging a 10 percent stake in China’s second-largest warehouse developer. The residential arm of Vietnam’s Vingroup is believed to have raised about $1.35 billion in its initial… Read More>>
China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a new district being built just south of Beijing that the central government intends to develop into a new economic hub.
JD.com opened… Read More>>
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
India is back in the news today as the subcontinent’s real estate assets continue to show their appeal to the world’s largest private equity players. In addition to Brookfield’s reported offer for a Hyderabad office block, global brokerage Savills is… Read More>>
At the top of today’s headlines, Singapore’s housing market is back into bull mode with prices of private homes rising 3.1 percent in the first three months of the year. In another bit of Lion City-driven news, a unit of… Read More>>
Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest shareholder, following through on an agreement signed in early February. The move came just days… Read More>>
Ping An Real Estate-backed Sasseur REIT has driven Singapore’s biggest equity offering this year by raising S$396.0 million ($301.7 million) via a public listing on the Singapore Exchange. Chinese e-commerce giant JD.com is among the REIT’s cornerstone investors.
Including cornerstone… Read More>>
Chinese e-commerce giant JD.com continues to expand its brick-and-mortar empire, building on its existing ventures in physical supermarkets and convenience stores by taking a cornerstone stake in the IPO of one of the mainland’s largest outlet mall chains.
JD.com is… Read More>>