JD Archives - Inside Retail Asia
Chinese e-commerce giant JD exceeded revenue expectations in the June quarter, net sales up by 23 per cent to US$21.28 billion.
FMCG giant Nestle started selling Starbucks-branded coffee in Mainland China today, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards. Nestle last year paid US$7.15 billion for exclusive rights to sell the US chain’s coffees and teas globally, and began selling Starbucks-labelled products in Europe, Asia and Latin America in February.
Chinese online giant JD has become the largest shareholder in e-commerce platform Tiki Vietnam.
Thai mall operator Central Group will list its Central Retail Corporation unit, combining retail businesses in Thailand, Vietnam and Italy.
Chinese online retail platform JD is acquiring 9 per cent of Beijing Digital Telecom.
New Retail uses technology to merge online, offline, logistics, big data, cloud computing, entertainment and social media into a seamless shopping experience.
Chinese-controlled, French-based affordable luxury retailer SMCP is to launch its Sandro brand on Farfetch.
Vietnamese e-commerce platform Tiki is raising another US$100 million from a Northstar Group-led funding round.
The giants of retail – like Walmart, Target, Amazon, Asos, Tesco, Alibaba and JD – might be trailblazers, but they are still fair game for the little guys.
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts.
Farfetch China has opened a flagship store on JD, one of its strategic investors.
Alibaba tops the list of China’s most valuable brands for the first time, recording annual growth of 59 per cent to US$141 billion.