News English — China
Trade Show Review: CeMAT Asia, China, 2024
CeMAT Asia 2024 Phew. What can we say? Our first visit to mainland China, Shanghai and CeMAT Asia certainly did not disappoint. Our head is still spinning from the many product demonstrations with extra loud loudspeakers and other highly amplified sound effects. One stand even had a resident DJ just in case you missed out on the ambience. China increasingly developing unique solutions We can confidently state that China is no longer just copying Western ideas (there is definitely a level of "copying" continuing) and there are definite signs of new thinking and quick iterations from Chinese vendors. Why is this happening?...
Retailers! Adopt Alibaba's innovation processes to drive high street traffic.
Alibaba China Innovation Interior Marketing PR retail technology Store Layout Stores
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?
Asda China China Fashion Market Farfetch JD.com Luxury Value Fashion Walmart
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!
Alibaba China China Fashion Market Department Stores ecommerce Lotte M&A Omni-Channel Retailing South Korea Vertical Integration
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...