Tencent Archives - Page 8 of 11 - Inside Retail Asia

Chow Tai Fook Jewellery Group revenue hit

Chow Tai Fook Jewellery Group has taken a 12 per cent hit in revenue for its latest financial year, dropping to HK$56.5915 billion.

China smartwatch market set to boom

Nearly 70 per cent of respondents in a China smartwatch market survey plan to buy the technology in the next 12 months.

Exporters capitalise on eWallet technology

New Zealand exporters are expected to benefit from a home-developed payment platform for Chinese consumers using eWallet technology.

Microsoft shutting down MSN China website

Microsoft will shut down its MSN China website next month to focus on products it says have higher revenue potential.

Xiaomi China rolling out mobile payments

In collaboration with China UnionPay, smartphone giant Xiaomi China is rolling out a mobile payment service on the mainland.

Alibaba eats up Ele.me food delivery service

Chinese eCommerce giant Alibaba has invested $1.25 billion in online food-delivery service Ele.me.

Tencent Holdings rakes in $15 billion

Chinese eCommerce giant Tencent Holdings increased its revenues last year by 30 per to RMB101.9 billion ($US15.7 billion).

Tencent profit leaps on services focus

Hong Kong-listed Tencent Holdings – the parent of WeChat – has announced a 22 per cent leap in fourth-quarter profit, with online advertising income surging 110 per cent.

Alipay, WeChat drive China Jo-Jo sales

China Jo-Jo Drugstores, the China-based multichannel pharmaceutical and healthcare retailer, says customers are embracing WeChat and Alipay to buy its goods from mobile phones.

Ele.me may go to Alibaba

Chinese food-delivery startup Ele.me may change hands from Tencent to competitor Alibaba for $1.25 billion.

JD.com posts huge GMV sales increase

JD.com, China’s second largest eCommerce player, has reported a 76 per cent increase in core GMV sales in the third quarter to RMB115.0 billion (US$218.1 billion).

Paipai.com axed to fight counterfeiting

China’s number 2 eCommerce player JD.com has axed its consumer to consumer online store Paipai.com in a bid, it says, to cut sales of counterfeit goods.