From 2021, postal tariffs for letters and parcels from abroad will increase, as each country will then be able to set its own prices for distribution. This will have serious consequences for orders placed with cheap Chinese web shops.
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Alibaba is aiming for no less than one billion active consumers each year by the end of 2024. The Chinese retail group is expected to generate more than ten trillion Chinese yuan (approximately 1200 billion euros) in gross sales.
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Esprit has launched in Beijing with a completely new store concept. As part of this revival, the modem brand wants to make it clear that it is "back in the game". Photos can be found here. In the meantime, just five franchise stores have closed in the Netherlands.
Alibaba blows out twenty candles: in 1999, Jack Ma started building his way to the top from his apartment. How did the journey from thirsty teacher to universal stardom go? And as Ma steps down, what is still in store for Alibaba?
Ikea wants to invest heavily in its Chinese store network. The fact that many Chinese like to visit the stores to take a nap, is alright for the Swedes.
Alibaba Group seems to be handling the current trade war between China and the US quite well, as its turnover and profit growth went into double figures again. Moreover, the Chinese company is preparing the acquisition of competitor Kaola.
Chinese telecom manufacturer Huawei seems to remain largely unaffected by the sanctions of the United States: turnover increased drastically in the first six months of the year.
Amazon just celebrated its 25th anniversary. In that short time, Jeff Bezos' creation changed retail forever. But more than that: the company has made an indelible mark on the global economy. Is the world getting divided between Team East and Team West?
Tmall, the online platform for Western Alibaba brands, is updating the look of its virtual shops. The new concept, Flagship Store 2.0, offers more personalisation, brand experience and augmented reality.
Walmart is setting aside 8 billion yuan (1 billion euros) in the coming decade to improve the logistics of the retailer in China. The American colossus has made its ambitions in the Middle Kingdom quite clear.
By 2030, Alibaba wants to use its subsidiary Hema Fresh to open physical stores in all 200 Chinese cities with over a million inhabitants.
Roland Palmer will be stepping down as CEO of Alibaba in the Benelux, and he will be the last one to have held that position: the region will be broken up, with Belgium and Luxemburg being assigned to France. Meanwhile, Tmall is still expanding with an anglophone portal.
Barely a month after Carrefour's announcement that it did not consinder selling its Chinese branch, it sells 80 % to local retailer Suning.com.
As Aldi opened its first two Chinese supermarkets in Shanghai, early images suggest that Aldi is aiming for a higher position in the market in China than it has here. There was no lack of interest, with long queues at the entrances.
German discounter Aldi will open its first two stores in China on 7 June. The two stores in Shanghai mark the beginning of an ambitious expansion scheme on the huge Chinese market, in which the retailer hopes to convince the growing middle class.
Chinese retail giant Alibaba is looking at the possibility of a flotation on the Hong Kong stock exchange. The company is looking to raise billions in extra capital and become less dependent of the United States by appealing directly to Chinese investors.