Starbucks Opens High-End Concept Store in Shanghai

Shanghai is set to get its own Starbucks Roastery and Tasting Room, the first high-end roastery from the international coffee chain to open outside the United States, the city’s quality watchdog said Thursday [30 November 2017]. The Shanghai border inspection and quarantine bureau has completed all necessary checks of the Seattle-based coffee chain’s imported equipment

Carrefour China at a Crossroads After Alibaba Invests in Sun Art Retail Group

A partnership between French retailer Auchan and internet giant Alibaba could push Carrefour further behind in China and could even persuade its new boss to pull out of the country. Alexandre Bompard took the helm at Carrefour, the world’s second-largest retailer behind Walmart, in July; on Jan 23, 2018, he will unveil his turnaround plan

Tencent’s Meituan-Dianping Online Platform Garners USD 4 Billion in Financing

Meituan-Dianping, China’s largest on-demand services provider said on Thursday [19 October 2017] it has raised $4 billion in its latest financing round that values the company at $30 billion. The round was led by Tencent Holdings Ltd, and includes new investor the Priceline Group and other key investors including Sequoia Capital, GIC of Singapore, Canada

Mainland’s Guiyang Nanming Laoganma and Hubei Zhouheiya Gaining Ground in Hong Kong Market

New statistics are suggesting a group of quality brands from the Chinese mainland are gaining popularity in the Hong Kong market. Boosted by a project supporting quality brands launched by Tmall, Alibaba’s online shopping platform, some 100 mainland brands have seen a sales increase of over 30 percent in Hong Kong…Full Article: ECNS.cn Oct 2017

Chinese Maoists Upset With Alibaba’s Tmall Global Wine Festival

Chinese Maoists protested against Alibaba’s Tmall Global Wine Festival on September 9, calling it “unethical” as the date coincides with founding leader Mao Zedong’s death anniversary. Mao died on September 9, 1976…Full Article: The Global Times Sept 2017 Key Point In April 2016, Alibaba’s Jack Ma announced the launch Tmall’s September 9 Wine Festival. The

Yigou and ExFresh Look to Expand China’s Cold Chain Delivery Network

Alibaba’s business-to-consumer retail platform Tmall said it will invest an additional US$300 million in online fresh food vendor Yiguo, in a bid to strengthen its online grocery and fresh food business. Tmall is hoping to leverage on Yiguo’s existing cold chain delivery network to achieve nationwide delivery of fresh fruit and vegetables within 24 hours

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

Spain’s Second Largest Bank to Use Alibaba’s Alipay Payment Services

Chinese tourists will be able to use Alipay mobile wallet in Spain thanks to an agreement signed between Spanish bank BBVA and China’s Ant Financial Services Group, BBVA reported on Wednesday [28 June 2017]…Full Article: China Daily June 2017 Key Point Banco Bilbao Vizcaya Argentaria (BBVA), Spain’s second-largest bank, is the first Spanish financial company