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

Germany’s Aldi Teams Up with Alibaba’s Tmall

German supermarket franchise Aldi has been taking ground from Australia’s dueling retail giants, Woolworths and Coles since 2001. It now hold around 15 percent of the supermarket space with 350 stores across the country and A$4 billion ($3 billion) in annual sales. With the help of Tmall Global, operated by Alibaba, Aldi is now expanding

Australian Grocery Chain Woolworths to Accept China UnionPay Cards at its Supermarkets

The Australian grocery giant Woolworths said on Tuesday [7 February 2017] that it will now accept UnionPay cards at its stores; China’s leading debit and credit cards. Woolworths will offer all forms of UnionPay payment, including the contactless mobile based transactions at its terminals…Full Article: China Daily Feb 2017 Key Points According to China UnionPay

Alibaba Looks to Leverage “Double 12” Shopping Promotion to Grow its Koubei E-Commerce Platform

Koubei, the online-to-offline or O2O e-commerce platform backed by internet giant Alibaba Group Holding, expects to give overseas offline stores a sales boost and provide internet-based finance for more merchants during the “Double 12” (Dec 12) shopping festival on Monday [12 December 2016]. The company said from Dec 10 to 12, more than 1 million

Germany’s Supermarket Chain, Metro AG, to Open Digital Store on Alibaba’s Tmall E-commerce Site

German retailer Metro Group AG said on Tuesday [8 September 2015] that it plans to open a store in Tmall, the business-to-consumer platform of Alibaba Group Holding Ltd, to attract more shoppers. Metro is launching its official flagship store on the Alibaba Tmall International platform and will offer a wide range of German products, according

E-Commerce Site, JD.com, Buys 10% Stake in Fujian’s Yonghui Superstores

Chinese online retailer JD.com said on Friday [7 August 2015] that it has bought a 10-percent stake in domestic supermarket Yonghui Superstores for 4.31 billion yuan (around 700 million US dollars). The deal is part of the online retailer’s campaign to leverage existing networks of bricks-and-mortar stores to boost its supply chain and diversify its