Chinese Electronics Retailer Continues Net Profit Surge
Chinese electronics company Gome has made investors happy with continued growth in its retail outlets in China's second-tier cities.
Chinese electronics company Gome has made investors happy with continued growth in its retail outlets in China's second-tier cities.
China's Alibaba Group announced that they have signed exclusive cooperation agreements with over 20 apparel brands, including Zara and Timberland.
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.
China's Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited.
Japanese apparel retailer Uniqlo ceased operations of its flagship store on JD.com on July 20, 2015, after only three months of operation.
Chinese e-commerce company Alibaba Group announced a comprehensive strategic partnership to enable Unilever to reach customers across China.
The National Bureau of Statistics of China says that during the first half of 2015, China's Internet retail sales reached CNY1.646 trillion, representing a year-on-year increase of 39.1%.
SuperGroup, the parent company of British fashion brand Superdry, will soon reach an agreement with its Chinese partner to develop retail options for the Chinese market.
Chinese e-commerce firm Alibaba is forming a joint venture with Singapore Post Limited to enhance e-commerce logistics opportunities in Asia.
WoWo Limited has signed a merger agreement with Join Me Group (HK) Investment Company Limited to form a restaurant and hotel Internet group named JM WOWO, which is headquartered in Hong Kong.