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Eric Shen VIPShop

Tencent-Backed Vipshop Buys Five China Outlet Malls for RMB 2.9B

2019/07/14 by Jan Kot Leave a Comment

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>>

wang wei sf express

SF Express Shuts China Shops as Retail Venture Fails to Deliver

2019/04/01 by Jan Kot Leave a Comment

Chinese logistics company SF Express is said to be closing its offline retail stores in some of China’s largest cities amid an economic slowdown and pressured margins in the logistics sector, according to an account in the local press.

SF… Read More>>

jack Ma

Alibaba Said in Talks to Buy Stake in German Retailer Metro’s China Stores

2019/02/17 by Jesus Alcocer Leave a Comment

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>>

pony ma tencent

Tencent Ties Up with Sun Hung Kai to Push Mobile Payment in Hong Kong

2018/10/22 by Emma Zhou Leave a Comment

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>>

Pony Ma Tencent

Tencent, Hillhouse Agree to $145M O2O Retail Deal With Miniso

2018/10/05 by Emma Zhou Leave a Comment

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 Place

Wheelock Wins Bid to Privatise SG Unit and More Asia Real Estate Headlines

2018/10/04 by Michael Cole Leave a Comment

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>>

Liu Qiangdong jd.com

JD.com Pledges to Open 1000 High Tech Supermarkets Within Five Years

2018/09/23 by Emma Zhou Leave a Comment

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>>

qian-zhiya Luckin coffee

GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks

2018/07/15 by Richard Meyer Leave a Comment

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>>

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>>

Pony Ma Tencent

Wanda and Tencent Reboot Retail Partnership With Smart Mall JV

2018/06/03 by Rafiaa Rumjahn Leave a Comment

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>>

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