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.
Scale and differing corporate cultures and business model may prove obstacles for Suning to integrate Carrefour China, says one expert.
The partnership will include more than 40 movies in the upcoming year.
Panda TV’s potential bankruptcy filing highlights the intense competition in the Chinese livestreaming market.
Founded by Zhang Jindong and his elder brother in 1990, Suning is China’s largest omnichannel retailer.
The acquisition will help the Alibaba-backed retailer shore up its presence in southern China.
The market experienced a period of boom and bust in 2016–2017, as smaller platforms lost both broadcasters and users.