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

Online Catering Services Forced to Have Brick-and-Mortar Restaurants by 2018

Only off-line catering businesses with bricks-and-mortar restaurants and proper business licenses are allowed to offer on-line catering and ordering services, a new regulation said Friday [10 November 2017]. Online catering and ordering services should be subject to the same rules as off-line restaurants, said the regulation issued by the China Food and Drug Administration (CFDA)…Full

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

China’s JD.com to Establish Joint Ventures in Thailand

China’s second biggest e-commerce company JD.com and Top Thai retailer Central Group will jointly invest $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services respectively, a statement from Central Group said on Friday [15 September 2017]. According to the statement, Central Group will invest $250 million to the ventures, and

Danish Food Products to Be Sold on China’s Kaola.com E-commerce Platform

China-based cross-border e-commerce platform kaola.com signed an agreement on Wednesday [13 September 2017] with Denmark’s supermarket chain Irma to bring Danish brands to the Chinese market through the platform. According to the agreement, Irma, a subsidiary of Coop Denmark A/S, will first sell its own coffee, chocolate, marmalade, personal care products and children’s clothing through