Chinese online retailer JD.com has launched a new lifestyle brand called Seven Fun. This brand is expected to focus on tier-one cities targeting working professionals with an annual income of over RMB 100,000. The first Seven Fun space spans 10,000 square feet. It is a combination of bars, eateries, and...
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Retail
In a previous article, we explained that China’s New Retail is a way to increase revenue and decrease cost in offline retail locations. This is to stave off the type of malaise physical retail has experienced in other markets. Due to popular demand, we’ve prepared a list of New Retail...
The concept of ‘New Retail’ has proven to be revolutionary since 2017. Much has been written about how shopping in China is more technologically advanced than it is in the West, but at what point did China’s tech surpass the West’s, and what was the country’s formula for producing this...
Have you heard of China’s New Retail, but aren’t quite sure what it is or how retailers can use it in their advantage? Read on to get up to speed in record time – all it takes is the time to read this blog post and 5 slides! New Retail...
Online versus offline was an “either-or” retail equation not long ago. The popularity of new retail is creating a more favorable third option that combines both in-shop and online experiences. All major Chinese tech giants including Alibaba, Tencent, JD, Xiaomi, and Meituan have made similar moves. And now Kaola from Netease,...
>> Hey! >> The 2020 Calendar is out now. >> Click here China’s cross-border e-commerce & domestic e-commerce market continues to see high double-digit growth year on year. A recent publication from the Chinese government mentioned that between January and October 2018 retail imports of cross-border e-commerce reached 67.2 billion...
The multinational Chinese company Alibaba Group and the Fung Retailing, the retail business of the Fung Group, announced a strategic partnership last week. This collaboration will be built on the strengths of both parties in online and offline retailing, since Alibaba has over 600 million users while Fung Retailing has...
The first China International Import Expo (CIIE), hailed as symbol of China opening up, was held from Nov. 5 to Nov. 10, 2018 in Shanghai. During the expo Chinese firms signed import deals worth more than 57.8 billion US dollars which included sectors such as smart manufacturing, consumer goods, food...
Every Mid-Autumn Festival, the Chinese market gets flooded with mooncakes, a kind of baked pastry that symbolizes family reunions and which is traditionally consumed as part of the celebrations. Ahead of the festival, which falls on Monday, a number of Chinese F&B companies branched out their offerings to include the...
Codiva chocolate, KLG Fried Chicken, Srutbucsk Coffee, New Bylenera sneakers. China is still coping with many stories of fake products and even complete fake stores. The brick-and-mortar stores are easier to spot and close down, but the internet is the perfect hideout. Unsurprisingly Europol estimates that 86% of fakes still...