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jack ma Alibaba

Alibaba Invests RMB 4.36B in Furniture Mall Operator Red Star Macalline

2019/05/20 by Dorothy Ma Leave a Comment

Alibaba has made another deal aimed at China’s traditional shopping sector, with the e-commerce giant announcing an investment in China’s largest retailer of furniture and home products, as the tech giant, continues to look for ways to leverage its online… Read More>>

Ben Keswick Jardine Matheson

Jardine-Backed Yonghui Buys Controlling Stake in Wuhan Retailer for RMB 559M

2019/04/15 by Jan Kot Leave a Comment

Jardine Matheson-backed Yonghui Superstores is to become the controlling shareholder in central China regional supermarket chain Zhongbai Holdings Group in a deal valued at RMB 559 million ($83.2 million), according to a Shanghai Stock Exchange filing.

Yonghui is offering RMB… Read More>>

Pony Ma Tencent

Tencent Forms RMB 1.2B Greater China Grocery JV with ParknShop and Yonghui

2018/10/29 by Jan Kot Leave a Comment

Chinese internet giant Tencent is forming a RMB 1.2 billion (US$170 million) grocery joint venture with Shanghai-listed supermarket operator Yonghui Superstores and Hong Kong’s ParknShop, according to a joint statement by the three companies.

The move will further boost Tecent’s… Read More>>

Xing Bian Li

Ant Financial Backs Staffless Store Chain Xingbianli and More Asia Real Estate Headlines

2018/06/12 by Greg Isaacson Leave a Comment

At the top of today’s roundup, automated retail is all the rage in China, with a startup that operates checkout-free convenience stores and snack shelves bagging a new investment round led by Alibaba affiliate Ant Financial. Co-working is also in… Read More>>

Wanda Launches Nanjing Theme Park and More Asia Real Estate Headlines

2018/06/06 by Greg Isaacson Leave a Comment

Leading today’s roundup, Dalian Wanda Group may have stepped back from its ambition to crush Disney in China’s theme park market, but that hasn’t stopped the developer from launching a 34,000 square metre indoor amusement park designed by KCC Entertainment… Read More>>

Carrefour, Tencent Open First Le Marche Smart Supermarket in Shanghai

2018/05/23 by Shawna Kwan Leave a Comment

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>>

Jack Ma Hema

Alibaba Inks Deal With Five of China’s Top 10 Developers to Expand Hema Supermarkets

2018/04/01 by Michael Cole Leave a Comment

Mainland ecommerce giant Alibaba revealed late last week that it has signed a cooperation agreement with five of China’s top 10 property developers to expand its Hema smart supermarket chain on the mainland.

The agreement between the Alibaba online to… Read More>>

Jack Ma Alibaba

Alibaba Expands Offline Empire With RMB 5.5B Investment In Furniture Retailer

2018/02/21 by Shawna Kwan Leave a Comment

E-commerce giant Alibaba continues to assemble its offline retail empire by expanding into home furnishings. Just before China’s lunar new year holiday the tech behemoth invested approximately RMB 5.45 billion ($866 million) for a 15 percent stake in Easyhome (居然之家),… Read More>>

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