Alibaba is in talks to acquire a portion of the China operations of German retailer Metro, according to a Thursday report by Reuters, as the company that handles nearly 60 percent of China’s online shopping continues to look for ways… Read More>>
Tencent Ties Up with Sun Hung Kai to Push Mobile Payment in Hong Kong
Technology giant Tencent has expanded its network of cooperation agreements with property firms to Hong Kong with the maker of the mainland’s ubiquitous WeChat app last week announcing a partnership with Sun Hung Kai Properties.
Tencent is now working with… Read More>>
Tencent, Hillhouse Agree to $145M O2O Retail Deal With Miniso
Tencent and Hillhouse Capital have signed a RMB 1 billion ($145.6 million) strategic investment agreement with Japanese-style retailer Miniso, according to an announcement by the Guangzhou-based company on Monday.
“The investment of Tencent and Hillhouse Capital will help the future… Read More>>
Wheelock Wins Bid to Privatise SG Unit and More Asia Real Estate Headlines
Hong Kong’s Wheelock Properties has crossed the finish line in its bid to privatise its Singapore-listed subsidiary, less than three months after offering to buy out the underperforming stock. Meanwhile up in China, the battle for a slice of the… 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>>
GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks
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>>
Ant Financial Backs Staffless Store Chain Xingbianli and More Asia Real Estate Headlines
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 and Tencent Reboot Retail Partnership With Smart Mall JV
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>>
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>>
Omnichannel Retail is Coming to Hong Kong, But Don’t Expect Lower Rents Says JLL
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>>
