Yesterday, real estate and entertainment conglomerate Dalian Wanda Group announced (in Chinese) that it had sold a 12.77% stake in its film subsidiary, Wanda Film, for RMB 7.8 billion ($1.24 billion dollars). The buyers of the minority stake are e-commerce giant Alibaba and the state-backed Cultural Investment Holdings. Alibaba will be acquiring a 7.66% stake […]
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China Tech Talk 40: Unpacking China’s “new retail”
Matt and John try to understand the recent (and not so recent) moves by China’s internet giants into offline retail. Links Alibaba to invest $4.6 billion in China electronics retailer Suning JD vs Alibaba: The war for China’s fresh food Alibaba is revamping China’s offline retailing through a bottom-up approach Tencent to challenge Alibaba’s new […]
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Node Worthy 17: AI, blockchain, and Tencent’s move into the offline world
This week we talk the recent EmTech China conference, AI, blockchain, and Tencent’s move into the offline world. Download this episode Links Blockchain buzzwords, changes, and challenges: EmTech China blockchain panel EmTech China reveals what jobs will be left for humans after AI takes over Tencent may invest in Carrefour China as internet giants extend […]
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Tencent shows off their vision for the future of unmanned retail
As “new retail” changes from jargon to oft-used phrase, Tencent has thrown their hat into the ring. However, they don’t plan on opening their own stores (the WeChat pop-up seems to have been exactly that). Rather they want to be the foundation to help the retail industry achieve two goals: the digital upgrade of stores and […]
