Tag: "retail"

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Beibei.com Raises Investment Aimed At China’s Population Boom

babyChinese maternal and baby supplies e-commerce platform Beibei.com completed its fourth round financing of USD100 million. Its investors included well-known …

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CNY2 Billion Deal Amps Up Chinese Smartphone’s Appeal

LeTV phoneChinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. …

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Japanese Cosmetics Gain Internet Boost In China Via New Agreement

BioreJD Worldwide, the cross-border online shopping platform of JD.com, reached a strategic cooperation agreement with Japanese daily commodity and cosmetics …

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Chinese E-Commerce Eyes Stability During Year’s Biggest Shopping Day

In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope […]

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Alibaba Tries To Find The Best Way To Manage Its Growth

With its stock price dropping in the U.S., Alibaba Group announced plans to launch a dual-city operations strategy to better manage its varied assets. The company will base itself in Hangzhou and Beijing dual-center strategy. Beijing will be its base camp to promote its strategy execution and business development in the northern areas of China. […]

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Uniqlo Closes Chinese Internet Shopping Retail Site

Days after a sex video filmed in Uniqlo’s Beijing store blew up the Chinese Internet, the Japanese apparel retailer says it has closed its flagship store on JD.com. The store was shuttered on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo’s […]

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Amazon’s Flagship Store On Tmall.com Begins Trial In China

Amazon China Z.cn announced that its official flagship store on Tmall.com has started trial operation and will be formally launched in April 2015. This flagship store will initially provide Chinese netizens with directly procured imported products, including shoes, food, wine, kitchenware, and toys. Products sold on Amazon’s Tmall flagship store will be delivered via Amazon […]

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South Korea’s Lotte.com Inks Internet Payment Deal With China’s Alipay

Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website Lotte.com to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. Lotte.com and the Lotte duty free […]

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Beijing’s Internet Retail Sales Reached CNY63.73 Billion In First Nine Months Of 2013

From January to September 2013, Beijing’s Internet retail sales reached CNY63.73 billion, exceeding the retail sales of traditional department stores, and the sales accounted for over 10% of the total retail sales in Beijing for eight consecutive months, according to Lin Ya, secretary general of Beijing Electronic Commerce Association. Lin said that compared with traditional […]

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Suning, Hony Capital Jointly Invest In China’s PPTV

Suning Commerce announced to Chinese local media that the group cooperated with Legend Holdings’ Hony Capital to jointly invest USD420 million in PPTV, a Chinese Internet video website. After this strategic investment, PPTV will maintain its independent development. According to electronics retailer Suning, the company will invest USD250 million in PPTV, accounting for 59.52% of […]

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China’s Internet Retail Sales Reached CNY1.3 Trillion

China’s Internet consumption maintained rapid growth and the 3,000 retail enterprises monitored by China’s Ministry of Commerce realized a year-on-year increase of 34.7% in the Internet sales sector from January to September 2013. Mofcom predicted that during the first three quarters of 2013, the Internet consumer retail sales would reach CNY1.3 trillion, which is equal […]

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China’s JD.com Claims Retail Sales Of CNY100 Billion By 2015

According to Yan Xiaobing, vice president of the Chinese e-commerce website JD.com, the company aims at the retail sales of nearly CNY100 billion by the end of 2015.

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Alipay.com, 58.com Team For Used Goods Trading

Chinese lifestyle service platform 58.com and Internet payment provider Alipay.com announced their strategic cooperation that aims to provide better used and secondhand goods trading services to Chinese Internet users.

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Amazon.cn Begins Convenient Pick-up Service In Shanghai

Amazon.cn announced that it has cooperated with FamilyMart retail convenience stores in the launch of a pick-up service in Shanghai.

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China’s Dangdang.com Shifts From Online Book Sales As Net Losses Increase

Chinese B2C e-commerce website Dangdang.com published its financial report for the fourth quarter and the entire year of 2012, stating that its total operating revenue increased by 31% year-on-year to CNY1.6 billion in the fourth quarter of 2012; while it made net losses of CNY120 million during the same period.

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Vancl.com Announces Full Acquisition Of Crucco

Chinese B2C e-commerce website Vancl.com announced that it will acquire the apparel e-commerce brand Crucco with an undisclosed amount of cash and equity.

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China’s Alipay Reported 546% Wireless Payment Growth In 2012; Tibetan City Tops Ranking

Chinese third-party Internet payment service provider Alipay.com has published its report showing that the mobile payment service developed rapidly in China in 2012 with 546% year-on-year growth by trading value; and the number of people who used this service increased by 223%.

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Ganji.com, Coo8.com Join For Internet Advertising Services

Chinese classified information provider Ganji.com has inked a deal with Coo8.com, the professional home appliances e-commerce site for retailer Gome, to offer targeted advertising promotions to Gome.

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Rivals Unite: Dangdang.com Opens Flagship Store On Tmall.com

Chinese B2C e-commerce website Dangdang.com and Alibaba’s B2C Internet shopping site Tmall.com have jointly announced that Dangdang.com has opened a flagship store on Tmall.com, selling books and daily commodities.

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Suning.com Formally Acquires Redbaby For USD66 Million

Suning.com, the e-commerce platform of Chinese electronics retailer Suning, announced that it has invested USD66 million to acquire the Chinese e-commerce website for baby and maternity products Redbaby.com.cn.

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360Buy.com Adds More Delivery Options In Beijing For E-commerce Purchases

Chinese B2C e-commerce website 360buy.com has formally started cooperating with the convenience store provider Good Neighbors to offer pick-up service in 13 Good Neighbors convenience stores in Beijing, covering Xicheng district and part of Haidian district.

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Chinese Offline Retailer Makes Internet Group Discount Buying Push

Suning.com, the e-commerce platform of Chinese electronics and home appliances retailer Suning, revealed that they will launch a new nationwide group discount buying service this week.

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Chinese Government Steps In To Regulate Internet Retail Services

China’s Ministry of Commerce has drafted the “Network Retailing Management Approach”, which will cover more than 40 guidance items surrounding e-commerce activities in China.

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Vancl.com Enters Vietnamese Market

Chinese Internet retailer Vancl.com has launched a new site with the independent domain Vancl.vn in Vietnam to further expand into the overseas market.

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Redbaby.com Acquisition Should Be Completed Soon

A representative from Suning.com, the e-commerce platform of electronics retailer Suning, told local media that their negotiation for the acquisition of Redbaby.com, a Chinese e-commerce website for baby and maternal products, has entered the financial audit stage, and the deal is expected to be closed in the third quarter of 2012.

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Nuomi.com Gained Revenue Of USD3.6 Million In Q2 2012

Chinese social networking company Renren.com has published its unaudited financial report for the second quarter of 2012, reporting USD3.6 million net operating revenue from its group buying service site Nuomi.com.

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Dianping.com Dines On USD60 Million Investment

Chinese lifestyle and restaurant information listings website Dianping.com has confirmed to local media that the company has completed its latest round of financing of USD60 million.

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Chinese Group Buying Websites Merge Under Unified Brand

Chinese group buying website Ftuan.com announced that its physical company has been renamed from Beijing Kala Interactive Technology Company Limited to Beijing Wangluo Tianxia Life Technology Company Limited, and both Ftuan.com and Gaopeng.com will be integrated into the company.