JD Forms Strategic Alliance With 17 Home Improvement Brands
Chinese B2C e-commerce website JD.com announced a strategic alliance with 17 home improvement brands, including NVC Lighting, Nippon Paint, Dongpeng, and Power Dekor.
O2O
JD Group Invests CNY4.3 Billion To Acquire 10% Stake In Yonghui Supermarket
Chinese B2C e-commerce provider JD Group and supermarket retailer Yonghui Supermarket announced an O2O strategic agreement under which JD Group will acquire a 10% stake in Yonghui Supermarket for CNY4.3 billion.
Baidu To Invest CNY20 Billion In Group Buying Site
Baidu Nuomi, the group buying business under Chinese search engine Baidu, recently announced its new O2O ecological strategy and Robin Li, chairman and CEO of Baidu, said that they will make additional investments of CNY20…
Suning Will Build Second Headquarters In Shanghai
Chinese electronics retailer Suning Commerce Group will soon build its second headquarters in Shanghai.
Wal-Mart Will Use Alipay For Payment In 25 Stores In Shenzhen
The supermarket retail giant Wal-Mart will be working in China with third-party payment provider Alipay and start supporting payments via Alipay in 25 outlets in Shenzhen.
Rainbow Department Store Net Profit Down 12.52% In 2014
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year increase of 6.02%; its total profit was CNY773 million,…
Wanda Finalizes Chinese Online Payments Partnership With 99Bill
Chinese real estate group Wanda and third-party Internet payment company 99Bill jointly announced that the two parties have reached a final agreement on a strategic investment.