Tag Archives: China

Xi Has a New Signup for China’s Pollution Fight: Walmart

Walmart Store Exterior

(Source: Bloomberg | March 29, 2018) Chinese President Xi Jinping has vowed to slash pollution and prioritize living standards over unbridled growth. On the other side of the globe in Bentonville, Arkansas, the world’s largest retailer is signing on. On Thursday, Walmart Inc. committed to cutting 50 million metric tons of carbon emissions from its Chinese operations — attempting to ...

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RECon China: Innovation, Convergence and Consumption in the New Retail Age

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RECon China -ICSC’s flagship conference in China will be held on 20 April at the InterContinental Shanghai Jing’An. The event will gather more than 300 retail real estate industry leaders from around the world to share insights and opportunities. The theme of this year’s RECon China is: Innovation, Convergence and Consumption in the New Retail Age with programme sessions addressing ...

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China promotes green e-commerce delivery services

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(Source: Xinhuanet |Jauary 23, 2018) China has urged e-commerce platforms and express firms to develop green delivery services and avoid over-packaging. E-commerce and express firms should coordinate on environmentally-friendly packaging, supply chain and packing material recycling, according to the guidelines released Tuesday by the State Council. Green development is a natural choice for China’s e-commerce market to enter a new ...

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China’ leading e-commerce company JD.com opens office in Paris

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(Source: Xinhua | January 22, 2018) JD.com, Chinese leading e-commerce company, on Monday announced it had opened an office in Paris “to develop its French brand portfolio and …ramping up its European presence.” Calling the Paris office as “an important milestone,” the Chinese firm said “a French presence will give the company an in-depth understanding of the development ambitions of ...

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Tencent, JD.com investing in Vipshop Holdings

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(Source: Inside Retail Asia | December 19, 2017) Chinese social-media giant Tencent Holdings and e-commerce platform JD.com plan to jointly invest US$863 million in online discount retailer Vipshop Holdings. Tencent is putting in $604 million in exchange for a 7 percent stake, while JD.com is paying $259 million for 5.5 percent. “We look forward to providing Vipshop with our audiences, ...

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Google: Southeast Asia’s internet economy is growing faster than expected

(Source: iamwire.com)

(Source: Techcrunch | December 12, 2017) Southeast Asia is now the world’s third largest region for internet users — with more people online than the entire U.S. population — and internet is having a bigger impact on the region than originally thought, according to a new report co-authored by Google. China and India typically dominate the conversation when looking at ...

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Young men are driving skincare market in China

Source: JingDaily

(Source: MoodieDavitt Report | September 4, 2017) The mainland Chinese male skincare and cosmetics market is expected to grow twice as fast as the global cosmetics market in the next two years, reaching CNY1.9 billion (US$300 million) in 2019, according to Euromonitor International. A report by Jing Daily stated that young Chinese men who are between 18 and 26, and ...

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Bedgear signs China deal with De Rucci

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(Source: Inside Retail Asia | September 1, 2017) US lifestyle bedding company Bedgear has signed a partnership with Chinese retailer De Rucci Beddings to open more than 500 shops in China over the next five years. The Bedgear Performance Sleep Shops will offer a personalised customer experience including interactive technology walls. One-on-one consultations will enable shoppers to build up their ...

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Alibaba profit nearly doubles on robust revenues

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(abs-cbn/AFP | August 18, 2017) Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a global e-commerce icon, has seen its New York-listed shares ...

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‘Solid’ profit growth for Dairy Farm International

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(Source: Inside Retail Asia | August 4, 2017) Dairy Farm International Holdings had solid profit growth in the first half despite lower sales in its supermarkets and hypermarkets, says chairman Ben Keswick. “While the rest of the year is expected to stay challenging for supermarket and hypermarket activities in Southeast Asia, the group’s other businesses continue to make steady progress.” ...

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