Chinese online giant JD.com wants to create a store chain without cash registers in China. This will co-exist alongside its high-tech 7Fresh supermarket chain, which opened its doors late last year.
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There was another strong increase in the Chinese online market last year: compared to 2016, it achieved an astonishing 32 % growth. In that regard, China is performing exceptionally online.
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Chinese JD.Com has plans to conquer Europe soon, which would make it a serious competitor for Amazon. The web shop’s first European market will most likely be France.
Following an incredibly performant third quarter, Chinese e-commerce giant Alibaba upped its full fiscal year forecast, targeting a 55 to 56 % growth.
The Dutch Brenninkmeijer family is considering to sell clothing chain C&A, according to German magazine Der Spiegel. One option is to sell to Chinese buyers.
The future of food retail is to be found in China. Following Alibaba, major competitor JD.com has also opened its technologically advanced supermarket: 7Fresh uses eCommerce technology and aims to open 1,000 stores.
Buying a car should be as easy as buying a soda, according to Alibaba CEO Jack Ma. That is why the Chinese retailer has plans to sell cars from enormous automated machines.
Brewery AB InBev opened a new brewery in China, which will produce 1.5 tons of beer. It will be the company’s largest Asian brewery and the company’s goal is to take full advantage of the growing Chinese middle-class.
Amazon Go’s automated supermarkets have not yet arrived, but Alibaba already has its answers ready. The Chinese online retailer has showcased Tmall Supermart, filled with technology: from virtual fitting rooms to facial recognition.
Chinese eCommerce giant Alibaba acquired a 36 % stake in supermarket firm Sun Art Retail Group, China’s second largest supermarket chain with 450 supermarkets. French retailer Auchan is the group’s largest shareholder.
JD.com’s third quarter turnover grew 39.2 % compare to the year before. The Chinese company, partially owned by American Walmart, also became profitable this time around.
Alibaba once again broke a record on Singles’ Day, reaching a 22 billion euro turnover. The Chinese online giant took full advantage of its Global Shopping Festival, with an important part for Nicole Kidman.
After a pilot phase in the summer, French supermarket company Auchan will expand its Auchan Minute formula across China. The entirely automated, small convenience store chain should have hundreds of locations by New year.
Chinese eCommerce giant Alibaba has increased its full-year forecast thanks to an exceptionally strong quarter. Its turnover grew by over 60 %, while its net profit more than doubled.
Internet giant Alibaba will soon open its own shopping center. More Mall will be part of its main office in Hangzhou and should enable the company to trial technologies it creates in the recent past, like virtual fitting rooms.
Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.