Brewery group Heineken has acquired a 40% stake in China Resources Beer Holdings, China’s largest brewer and owner of the world’s largest beer brand, Snow Beer. The deal gives the Dutch company better access to the huge Chinese market.
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Chinese internet giant JD.com wants to expand to Italy: the Milan office would be the second European office in a short period of time for Alibaba's great rival.
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Alibaba will open five new warehouses, including one in Liege. The Chinese retail group will use its subsidiary Cainiao to expand its logistical network and technology.
Chinese retail giant Alibaba will invest 1.4 billion dollars in postal service ZTO and will obtain 10 % of the Chinese package service’s shares. Alibaba is also looking for a logistics center in Germany in order to conquer the European market.
The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.
Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.
Chinese retail group Alibaba has published better-than-expected quarterly results: turnover went through the roof, but its profit is under pressure because of increased investments.
JD.com has announced plans to open some 1,000 convenience stores per day across China. With this impressive target, the country’s second-largest e-commerce company is giving speed to its ambitions of expanding into the offline market.
American retail chain Walmart is expanding in China with a smaller version of its well-known hypermarket. The high-tech supermarket explicitly targets the growing population of online shoppers in China by offering payments through mobile application WeChat.
Swedish H&M has opened a web shop on Chinese platform Tmall. The company has been through a difficult year with a turnover drop, and the cooperation with Alibaba's platform is a first step following its new strategy that focuses more on online sales.
Fashion chain Esprit will get a new CEO: Jose Manuel Martínez will leave the company and pass on the baton to Anders Kristiansen. New Look’s former CEO has to bring growth to Esprit, particularly through ambitious plans for China.
Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.
Aldi has had an online presence in China for a year now, but the German discounter is now planning to open a physical store network there as well. Within a few years’ time, it should have fifty different stores.
Chinese online retailer JD.com has grown strongly in 2017: turnover grew nearly 50 % and it was profitable again. The company also expects to exceed a 30 % growth pace in 2018’s first quarter.
British former journalist Peter Humphrey has accused C&A and H&M of using forced labour. He claims to have seen how Shanghai prisoners were forced to work for Western chains, something the retailers will now investigate.
FrieslandCampina acquired all of Chinese Friesland Huishan Dairy’s shares, a joint venture it co-created in 2015 with China Huishan Dairy. It will now become a subsidiary of the Dutch dairy company.