Suning.com plans to revamp department store supply chains by tapping the power of big data and AI.
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Posted inThe Numbers
Net profit at Suning.com tumbled nearly two-thirds in first half
The retailer’s offline expansion has taken a toll on revenue amid a lackluster consumer market.
Posted inHeavy Hitters
Suning.com acquires 80% stake in Carrefour China
Scale and differing corporate cultures and business model may prove obstacles for Suning to integrate Carrefour China, says one expert.
Posted inHeavy Hitters
Briefing: Douyin partners with six film companies on movie promotions
The partnership will include more than 40 movies in the upcoming year.
Posted inNews
Alibaba acquires stake in Wanda Film as the entertainment conglomerate scales back on debt
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 […]
Posted inHeavy Hitters
Suning’s convenience store arm buys Circle K outlets in Guangzhou
The acquisition will help the Alibaba-backed retailer shore up its presence in southern China.
Posted inHeavy Hitters
Briefing: Game live-streaming platform Panda TV may file for bankruptcy
Panda TV’s potential bankruptcy filing highlights the intense competition in the Chinese livestreaming market.
Posted inOn the Cusp
Briefing: JD.com-backed electric vehicle company denies production problems
The JD.com and Wanda-backed group has suffered rumors of production problems.
Posted inTurf Wars
Briefing: Online retailer Suning to open 15,000 offline stores in 2019
Founded by Zhang Jindong and his elder brother in 1990, Suning is China’s largest omnichannel retailer.
Posted inOn the Cusp
Briefing: Invictus Gaming wins first League of Legends Worlds title for China
Chinese public attitude towards gaming no longer sees it as a waste of time.
