Tencent Archives - Inside Retail Asia
China’s most valuable brands revealed
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.
Chinese internet giants mulling bids for AS Watson stake
Two Chinese internet giants are reportedly evaluating separate bids for a stake in global retailer AS Watson.
Macy’s China completes closure, not renewing Tmall contract
Macy’s China stopped taking orders on Tmall this week and will close its operations by the end of the month.
Chinese set to buy sports firm Amer
Tencent believed to be close to joining a Chinese investment group bidding to acquire sports goods firm Amer.
Game impasse fails to dent Tencent profit
Tencent profit rose 30 per cent in the third quarter, boosted by the spinoff of Meitu Dianping.
Less than a year old, Luckin Coffee value now up to US$2billion
Fast-growing Chinese coffee chain Luckin Coffee is seeking a new round of funding which would value it at US$1.5–2 billion.
JD parcel delivery service for consumers launched
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 invest in Miniso
Tencent and Hillhouse Capital have invested RMB1 billion (US$146 million) into fast-growing Chinese discount retailer Miniso.
E-commerce set to take 10 per cent of Thai retail sales
Analysts are predicting e-commerce will account for 10 per cent of Thai retail sales within five years.
Walmart Scan & Go boasts 10 million users in China
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.
Regulatory delays slow Tencent Holdings growth
Tencent Holdings has recorded its first quarterly fall in profits in 13 years, hampered by government delays in approving new online games.
China’s Luckin Coffee worth $1 billion after just nine months
Nine-month-old Luckin Coffee has raised US$200 million to fund expansion, valuing it at $1 billion.
