109 stories in this topic
Tencent has expanded its WeChat Pay user base to Hong Kong residents, who now will not need to have a Chinese bank account or credit card to take advantage of the Mainland’s popular cashless payment system. With the announcement, Hong Kong residents can now…
Chinese messaging app WeChat has launched its first cashierless pop-up store in Shanghai. The Tencent company has teamed with more than 300 merchants, including EasyGo and Elle, as well as shopping mall The Mixc to build up its first “flash retailing” pop-up…
Danish fashion retailer Bestseller has opened smart stores in Shenzhen and Guangzhou for its Jack & Jones and Vero Moda brands. Facial-recognition technology from Tencent’s Youtu Lab is used to register shoppers in store, enrolling them in WeChat Pay’s AI…
Dealers are now turning their attention to the release later in the day of key U.S. jobs data, which is expected to show the world’s top economy continuing to improve. A forecast-smashing reading Thursday on private take-ups boosted optimism, which had…
WeChat may soon become an indispensable part of the Chinese citizens after a report emerged claiming that the Tencent-owned messaging app will be used to officially ID people. The Guangzhou government has reportedly initiated a pilot program which creates a…
On 24 November 2017, LANCÔME Travel Retail Asia Pacific, leading French luxury beauty brand, unveiled the brand’s latest 2020 retail concept at its newly revamped No.1 Point-of-sale (POS) at Haitang Bay, China. The latest in line to celebrate the brand’s…
Seoul will have one of six Chanel flagship stores being launched next year, with the brand also about to open in Beijing’s China World mall. “These will be either brand new stores or major re-openings, which will be very impactful,” says Chanel fashion and…
Malaysian people’s love for mobile shopping has led to more transactions generated on mobile platforms. The data compiled from Malaysia’s three major online marketplaces — Lazada, 11street and Shopee — revealed that 70 percent of the online transactions on…
Chinese internet giant Tencent has surpassed Facebook in terms of market value just a day after it became the first Asian technology firm to reach the $500 billion valuation mark. Tencent shares hit a record high of 439.6 Hong Kong dollars during Asian…
In the middle of London’s Camden Market, a trader from China hands red-bean cakes to a group of tourists from Sweden, as tattooed locals dressed in black leather weave their way between food stalls cooking up dishes including barbecued meat and fish and…
Asia has been the best performing region globally this year as China 2.0 kicked in as a theme with China (at the MSCI level) being the best performing market and tech being the best performing sector. As Mark Tinker, responsable de AXA IM Framlington Equities…
“Several hundred” Auchan Minute shops without checkout counters are planned for China by year’s end. Customers enter by scanning a code via the WeChat app. After products are scanned, they are added to a virtual cart. The customer then pays via AliPay or…
French luxury brand Hermès launched its very first WeChat pop-up store, a strategic move signaling the brand’s ambition to step up its digital innovation in China. But it also raises the question of just how aggressive it can be in the digital space. The…
Worldpay, a global leader in payments, is predicting another record-breaking China Singles’ Day for businesses around the world, as the eCommerce extravaganza goes global. New data from Worldpay reveals that last year’s event grew by 39% globally1, with sales…
WeChat Pay HK has introduced a series of expanded payment features to improve the mobile payment experience for local consumers. The expanded features include a new quick pay function targeted at merchants able to implement WeChat Pay into existing point of…
A Hermes pop-up store, its first on WeChat, features a 13-second promotional video for its new Eperon d’Or Hermes x Apple smartwatch. The French luxury brand is offering six options of wristband, each based on a classic Hermes scarf pattern. When clicking on…