News English — China
Retailers! Adopt Alibaba's innovation processes to drive high street traffic.
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China Watch: Self-Serve Convenience Stores
Alibaba China computer vision Convenience Store ecommerce FMCG Interior JD.com Machine Learning new product Omnichannel On to Offline Payment Tech Pop-Up Shops retail technology Self-Serve Startup Store of the Future Stores
What has Walmart and Farfetch in common?
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The answer is: An interest in the Chinese online market. In June 2016 Walmart acquired a 5.9% stake in JD.com, the Chinese ecommerce marketplace listed on Nasdaq since 2014. In January 2017 Walmart had upped its stake in JD.com to 12.1%. In October 2016 Asda (owned by Walmart) and JD.com announced a collaboration to bring 'British authentic merchandise' to the Chinese market. In June 2017 JD.com acquired a minority stake in Farfetch with the two companies announcing a collaboration in the Chinese market, bringing authentic luxury goods to Chinese customers. Questions: What do luxury brands really think of Farfetch's...
The latest online retailer to go offline... Alibaba!
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Today we cannot just separate online and offline... wise words by Daniel Zhang, the CEO of Alibaba, who is eyeing a $2.6bn deal to take the Chinese "Intime Retail Group" department store chain private. Source: FT.com This follows several offline moves by a number of "tradtitionally online" companies including Amazon, Made.com, Boohoo, Zalando, Farfetch and others. The main advantage moving from online to offline is the corporate culture of accepting and managing with multi-year losses to build a better business. Most offline businesses with online add-ons have a culture of carefully weighted KPI's on which bonuses and other advantages are...