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Chinese online retailer JD.com Inc has made an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid growing competition in the region from Alibaba Group Holding Ltd and Amazon.com Inc. JD.com co-led the financing with…
Alexander McQueen China has partnered with JD.com to launch a store on the e-commerce giant’s luxury platform Toplife. It will offer the full Alexander McQueen fashion ranges as well as accessories. While the UK luxury fashion brand already has 15 on-ground…
Santander UK has partnered with Chinese retailer JD.com to give British brands access to China’s massive retail and consumer market. As part of the agreement, small and medium-sized business customers at Santander with turnover of at least £10 million and…
China Unicom has signed business cooperation framework agreements with Kuang-Chi Technologies and KuangChi Science, subsidiaries of Kuang-Chi Group. The agreement is an integral part of a series of cooperation framework agreements which Unicom signed with…
After forming an e-commerce partnership with China’s JD.com, Thai retail giant Central Group expects online sales to account for as much as 15 per cent of its revenue in five years’ time, from 2 per cent now. CEO Tos Chirathivat says the $500 million JV,…
JD.com plans to form a JV with online fashion retailer Meili to build and run a commerce platform on Chinese voice-messaging service Weixin. Merchants who sell through the new platform, expected to launch before the Lunar New Year next month, will gain access…
JD.com owner Beijing Jingdong Century Trade has launched an offline supermarket, 7Fresh, in Beijing. Covering 4000sqm, the store is at the Dazu Plaza Shopping Center, near the e-commerce company’s headquarters in Yizhuang district. Big-data analytics are…
Following a trial at its Beijing headquarters, online retail giant JD.com plans to open hundreds of unmanned convenience stores. This effectively dwarfs Amazon’s plans to open checkout-free stores, as reported. JD.com’s stores will use facial recognition and…
Thai retail powerhouse Central Group has joined the series-B funding round of international online fashion company Pomelo, based in Bangkok. Along with Start Today Ventures, it joins JD.com, Lombard Private Equity and Provident Capital Partners in the capital…
China’s two dominant e-commerce platforms in the world’s largest online retail market are under the spotlight in an online debate via their legal representatives about their duopoly in the industry. On one side is Alibaba Group Holdings, owner of the South…
Itochu and two partners are investing roughly 7.6 billion yen ($67.6 million) in an e-commerce venture selling Japanese goods to the Chinese market in hope to enhance its own forays into China’s internet sector. The Japanese trading house is investing around…
This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China, write Wai-chan Chan and Jacques Penhirin of Oliver Wyman. This is not a “real estate play” with Alibaba buying 446 grocery stores, but shows how serious…
JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record…
JD.com brings to the partnership its competitive edge in logistics and technologies such as artificial intelligence, cloud computing, drones and robots, while Central offers retail expertise including knowledge of Southeast Asian markets, brand relationships,…
It plans to use Thailand as a hub for servicing other regional countries such as Vietnam and Malaysia. JD.com Inc, China’s second-largest e-commerce company, plans to enter the Thai market later this year in a move to expand its overseas business beyond…
Alibaba and main rival JD.com will enjoy fast growth in the fast moving consumer goods (FMCG) market, according to research from Goldman Sachs, as more people in China turn to online shopping for daily grocery items like food snacks, body care products and…
