Walmart Stores to Be Used as JD.com Warehouses in Major Chinese Cities

Chinese e-commerce giant Jingdong (JD) announced Tuesday [25 July 2017] an inventory pooling scheme with American retailer Wal-Mart. Wal-Mart stores will serve as warehouses for JD in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, and Wuhan…Full Article: ECNS.cn July 2017 Key Point As a result of the inventory (warehouse) pooling scheme, purchases from JD.com could potentially be

Alibaba’s Hema Fresh Stores Expand into Beijing

The concept of “New Retail,” which was created by Jack Ma Yun, Alibaba Group Holding’s founder and chairman, in late October, is gaining momentum in the domestic markets. Hema Xiansheng, Alibaba’s newly founded online-to-offline platform, is putting the novel retail business model into practice, an effort experts say is changing China’s traditional retail sector. Despite

Beijing Invests In New Wholesale Produce Market

Beijing has invested four billion yuan ($588 million) to build a new wholesale produce market in its southeastern suburbs. The new market will complement Xinfadi, the capital’s largest produce market, located in southern Beijing…Full Article: China Daily July 2017 Key Point Beijing’s Xinfadi wholesale market supplies 70% of the city’s vegetables. ChinaAg Comments In February

Beijing Investment Firm Bids on Italian Supermarket Chain

Chinese Group Yida International Investment has formally expressed interest in Esselunga, Italy’s fourth-largest supermarket chain, Italian daily la Repubblica reported on Thursday [15 June 2017]…Full Article: The Global Times June 2017 Key Points Yida International offered EUR 7.5 billion euros (USD 8.38 billion) for Italy’s Esselunga supermarket chain. In September 2016, the private equity funds

China’s Convenience Stores Number Close to 100,000

The number of convenience stores in China is approaching 100,000, generating more than 130 billion yuan ($18.8 billion) in sales in 2016. To survive the fierce competition, operators of convenience stores should pay more attention to improving their product experience, increase self-owned brands, expand business scope, digitalize their service and optimize the supply chain, said

Walmart Plans to Add 15 New Stores in Hubei Province over the Next 3 Years

Multinational retailing corporation Wal-Mart Stores Inc announced plans to open 15 new stores in Central China’s Hubei Province in the next three years, providing 6,000 jobs, domestic news portal china.com reported on Thursday [30 March 2017]…Full Article: ECNS.cn Mar 2017 Key Point Walmart currently has 30 stores in Hubei Province. ChinaAg Comments In March 2017,