Tencent Archives - Inside Retail Asia
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.
Two Chinese internet giants are reportedly evaluating separate bids for a stake in global retailer AS Watson.
Macy’s China stopped taking orders on Tmall this week and will close its operations by the end of the month.
Tencent believed to be close to joining a Chinese investment group bidding to acquire sports goods firm Amer.
Tencent profit rose 30 per cent in the third quarter, boosted by the spinoff of Meitu Dianping.
Fast-growing Chinese coffee chain Luckin Coffee is seeking a new round of funding which would value it at US$1.5–2 billion.
The JD parcel delivery service enables users of the company’s app in Beijing, Shanghai and Guangzhou to send items intra-city and throughout Mainland China.
Tencent and Hillhouse Capital have invested RMB1 billion (US$146 million) into fast-growing Chinese discount retailer Miniso.
Analysts are predicting e-commerce will account for 10 per cent of Thai retail sales within five years.
Walmart Scan & Go use in China has broken through the 10 million-users barrier, the first mini-program in the retail industry to reach such a broad user base.
Tencent Holdings has recorded its first quarterly fall in profits in 13 years, hampered by government delays in approving new online games.
Nine-month-old Luckin Coffee has raised US$200 million to fund expansion, valuing it at $1 billion.