Chinese online giant Alibaba has joined forces with several major brands, including Swarovski, Louis Vuitton and Samsung, in an attempt to curb counterfeit sales.
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Chinese online giant Alibaba has joined forces with Intime Retail Group’s founder to acquire the Chinese department store operator for 2.4 billion euro.
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Fast food chainMcDonald’s has sold a controlling stake in its Chinese operations for 1.6 billion euro as part of its restructuring plans. The new majority owners are a Chinese investment fund.
Chinese internet giant Alibaba is to invest around seven billion euro in the expansion of its media and entertainment branch, the division's new CEO Yu Yongfu said.
In order to conquer the huge Chinese market, Walmart is counting on its strategic partnership with JD.com, while Amazon and Alibaba have found each other as well. A battle of the titans has erupted, and not just in China.
Chinese Alibaba has acquired a 32 % stake in Sanjian Shopping Club, a chain with 160 discount supermarkets in China and supposedly more than one million members.
The Netherlands no longer resist the idea of import taxes for non-EU products dumped on the European markets, despite numerous attempts to block such taxes in the past.
Chinese Alibaba has managed to beat several sales records during Singles' Day, China's most important sales opportunity for eCommerce. The "tradition", which Alibaba launched in 2009, resulted in more than 16 billion euro in revenue this year.
German discounter Aldi wants to conquer China, starting with the launch of a Chinese web shop. This will however mean competing with local giants Alibaba and JD.com.
In the third quarter, Chinese Alibaba performed (even) better than what analysts had expected. The company's turnover rose by 55%, but net profit fell due to a one-time benefit last year.
Amazon has launched a cheaper version of its subscription service Prime in China, nearly half as cheap as elsewhere although it also has fewer services.
Chinese eCommerce group Alibaba's first quarter turnover grew more than expected, almost 60 % higher than last year's first quarter.
Fashion label Dior has a limited edition hand bag on offer in China, exclusively through the popular social network site WeChat. It proved to be a very successful move, because the hand bag was sold out instantly.
American Amazon launched a Chinese version of its Japanese web shop, hoping to capture part of the Chinese market currently dominated by the Chinese Alibaba Group.
Chinese Alibaba launched a new platform called Buy+ to allow customers to shop in virtual reality and inspect items in 360 degrees.
American Mondelez plans to storm the Chinese chocolate market with its Milka brand. It will quite a challenge as the Chinese consumer is not particularly chocolate-minded.