Asia real estate and outbound investment news
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>>
A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising $200 million from a group that includes Singapore’s sovereign wealth fund, GIC.
Beijing-based Luckin Coffee (瑞幸咖啡), which combines mobile apps, WeChat integration and… Read More>>
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>>
Chinese Internet giant Tencent is making a second attempt to help Dalian Wanda Group take its shopping mall empire online, as the maker of China’s ubiquitous WeChat app renews a once-failed partnership with the commercial developer.
Under the terms of… Read More>>
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>>
The future of retail is about to be delivered to Hong Kong’s commercial developers, and it’s coming via the Internet, according to a report released today by property consultancy JLL.
The company’s report on the city’s shopping scene, “Reimagining Retail… 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>>
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>>
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>>
