Alibaba is reportedly building its own mall as it seeks to enrich the real-world shopping experience with technology and convenience. The five-story shopping center, which the company is calling “More Mall,” is located at Alibaba’s headquarters in the eastern Chinese city of Hangzhou. The mall was built on a 40,000-square-meter plot of land and is […]
Category: Consumer
China’s JD.com Inc is in advanced talks with Thailand’s Central Group to launch an e-commerce joint venture in Thailand with a planned total investment of $500 million, people familiar with the matter told Reuters. The venture will help China’s second largest e-commerce retailer expand its overseas business beyond Indonesia and boost its presence in Southeast […]
Alipay, China’s biggest digital payments platform, has joined forces with San Francisco-based online review provider Yelp to bring its local content to millions of Chinese travelers through the mainland company’s mobile lifestyle app. Their alliance follows recent efforts by Alipay to kick into high gear its international expansion when it extended a partnership with US […]
Chinese e-commerce company JD.com Inc. plans to open a luxury platform on its online retail site, ratcheting up its competition with larger rival Alibaba Group for China’s high-end shoppers. Chinese consumers account for 30% of global luxury spending, and they are increasingly doing their high-ticket shopping at home as the Chinese government looks to stem capital outflows, according to The Wall […]
Increases in China’s prices at factory gates stabilized in July while consumer price gains eased, official data showed on Wednesday, suggesting that the surge in industrial inflation over the past year is subsiding, according to Caixin. The producer price index (PPI) rose 5.5% year-on-year last month, the National Bureau of Statistics said. That was the […]