Tencent Archives - Inside Retail Asia
Tencent costs surge as competition Bytes
Soaring costs saw Tencent Holdings report a net income of US$13 billion for last year, after a slow fourth quarter.
How e-ang bao and digital gold are modernising traditional gifts
Gifts of money are born of a tradition dating back centuries, progressing from Imperial Chinese gold coins to paper notes and now virtual gold.
Watsons China launches WeChat Work and Cloud stores
Health-and-beauty retailer Watsons has partnered with Tencent’s WeChat Work platform to establish an online presence and launch cloud-based WeChat stores this quarter.
Deal activity rises in China’s retail industry
China’s retail industry saw a rise of 33.3 per cent in overall deal activity during the third quarter, when compared with the previous four-quarter average, according to GlobalData’s deals database.
Burberry and Tencent to open social retail concept store in Shenzhen
Burberry and Tencent have forged an exclusive partnership to develop social retail in China.
Asia dominates global retail acquisitions in September
Asian deals dominated global retail acquisitions in September according to a database compiled by GlobalData.
Best Mart 360 teams with Tenpay
Best Mart 360’s subsidiary Ciao International has partnered with Tencent-owned Tenpay Payment Technology to offer Wechat Pay services.
Missfresh seeking US$500 million in new funding round
Chinese grocery-delivery startup Missfresh is seeking up to US$500 million in new funding to help it continue to trade .
Missfresh seeking US$500 million in new funding round
Chinese grocery-delivery startup Missfresh is seeking up to US$500 million in new funding to help it continue to trade .
Hong Kong and New York options for US$1 billion Miniso IPO
The planned Miniso IPO is getting closer after it was revealed the Chinese discount goods retailer is in talks with banks.
Hong Kong and New York options for US$1 billion Miniso IPO
Chinese discount merchandise chain Miniso is reportedly planning an IPO raising as much as US$1 billion to continue its rapid expansion. A Miniso IPO was first mooted by the company in January last year but there has been no further activity until now. Citing “people with knowledge of the matter,” Bloomberg has reported that Miniso executives are pitching banks to participate in…
Eight bidders in running for Metro China
Yonghui Superstores – part owned by Dairy Farm Group – is among at least eight bidders for the Metro China business.
