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American retail giant Wal-Mart Stores has further increased its stake in China’s second-largest eCommerce firm JD.com. It now has a 12.1 per cent shareholding, up from 10.8 per cent, and comes about three months after the Arkansas-based retailer disclosed it…
A new retail hub has launched in Xiamen, China, which will host retail majors Sam’s Club and Red Star Macalline. Spanning 55,000 square metres with a built up space of 100,000 square metres, the four-storey retail hub is a “lifestyle-centric’ outfit, designed…
Walmart has made another big e-commerce investment in China. On the heels of launching three major e-commerce initiatives in China, Walmart will invest $50 million in New Dada — China’s largest local on-demand logistics and grocery online-to-offline (O2O)…
The world’s leading cosmetics group L’Oreal launched a new shampoo brand in the Chinese market called Ultra Doux, which is now available in Wal-Mart stores across the country. Targeting the Chinese market, Ultra Doux offers a total of 43 products within five…
Chinese e-commerce giant JD.com said on Friday British goods will come into Chinese market at cheaper prices after the country voted to leave the European Union (EU). “British products will be more competitive,” Tony Qiu, director of JD Worldwide, made the…
A look inside Alco Electronics Ltd.’s factory in China shows what it takes to succeed as a maker of gadgets for the rest of the world — human precision in tiny tasks and increasingly automated manufacturing, but also flexible thinking and perks to keep the…
The retailer’s global online sales increased 16% in Q2, excluding the impact of the stronger U.S. dollar. Wal-Mart Stores Inc. says its heavy investment in e-commerce infrastructure is paying off, with online sales growing by double-digit percentages, but…
Wal-Mart Stores Inc stock is now trading 20.29% below its 52-week-high, 3.06% above its 52-week-low. Wal-Mart Stores CEO Doug McMillon has already increased starting wages and cut a layer of management in stores to try to tackle the situation at the stores.…
