Suning.com plans to revamp department store supply chains by tapping the power of big data and AI.
The retailer’s offline expansion has taken a toll on revenue amid a lackluster consumer market.
The partnership will include more than 40 movies in the upcoming year.
The acquisition will help the Alibaba-backed retailer shore up its presence in southern China.
Panda TV’s potential bankruptcy filing highlights the intense competition in the Chinese livestreaming market.
The JD.com and Wanda-backed group has suffered rumors of production problems.
Founded by Zhang Jindong and his elder brother in 1990, Suning is China’s largest omnichannel retailer.
Chinese public attitude towards gaming no longer sees it as a waste of time.
The company reportedly inked the deals at 10% to 20% below the going price for acquiring new users.
Chinese social media Weibo comes under fire for the loopholes in lottery drawing algorism.