Carrefour and Tencent Open its First “Smart Store” in Shanghai

French hypermarket chain Carrefour SA opened its first smart retail store on Sunday [20 May 2018] in Shanghai, featuring technologies ranging from facial recognition payment to personalized mobile advertisements backed by internet giant Tencent Holdings Ltd. Named Le Marche, the 4,000-square-meter shop marked the first step the partners have taken to rejuvenate conventional retail with

Tencent Holdings to Purchase a 5% Stake in Yonghui Superstores

Tencent Holdings has agreed to purchase a stake in one of China’s largest supermarket chains, Yonghui Superstores, in the latest move to step up the war with Alibaba Group Holding in the “new retail” battleground of online-offline shopping…Full Article: South China Morning Post Dec 2017 Key Points As of December 2017, YH Super Species (est.

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

Tencent-backed Chongqing Online Startup Focuses on Rural Land Transactions

Last December, an online auction of an island in the Maldives on Chinese e-commerce platform Taobao.com hit the headlines. Surprisingly for such a big deal, the agency that handled all the business transactions was a startup company in Chongqing. In April, 2015, the internet company Chongqing Meicun Technology Co Ltd launched jutubao.com, a website that