Tencent Archives - Page 2 of 8 - Inside Retail Asia
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.
Alibaba and JD may appear to dominate China’s e-commerce market, but new research suggests new players are increasing their influence.
Chinese e-commerce startup Pinduoduo is seeking US$1 billion in a US IPO, going head to head with industry giants such as Alibaba.
A Nielsen report shows Korean products have usurped the popularity of Japanese products among young Hong Kong consumers.
Carrefour China has opened its first-ever ‘smart supermarket’ in Shanghai in partnership with Tencent.
WeChat parent Tencent Holdings has achieved a 48 per cent increase in revenue during the first quarter of this year.
YSL Beaute teamed with Tencent for a beauty-industry first in launching its Mon Paris Couture perfume.
Chinese retail is entering an “Age of Empires” as the nation’s largest e-commerce players rapidly expand their scope and reach.