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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…
Chinese eCommerce giant JD.com has formed a strategic partnership with Wal-Mart China. The agreement covers a range of business initiatives, both online and offline. For Wal-Mart, the alliance expands its eCommerce activities and gives its stores and Sam’s…
“Genuine revolutions in food retailing are rare, but we’re living through one now.” That’s the view of Joanne Denney-Finch, CEO of the food and grocery researcher IGD, speaking who addressed last week’s Asia Pacific Retailers Convention and Exhibition (APRCE)…
September 4, 2015, 10:56 AM E-commerce China Dangdang Inc., a leading Chinese web retailer of books, music, video and other media, reported continued sales growth in the second quarter. But the e-retailer swung to a loss as Dangdang increased spending on…
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…
Walmart China has taken full ownership of its Chinese eCommerce joint venture Yihaodian.com, buying out the 49 per cent stake held by local owners. In addition to seeking a higher profile in eCommerce, Walmart said it plans to create a “seamless experience”…
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