Suning.com plans to revamp department store supply chains by tapping the power of big data and AI.
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 […]
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.
Scale and differing corporate cultures and business model may prove obstacles for Suning to integrate Carrefour China, says one expert.
Panda TV’s potential bankruptcy filing highlights the intense competition in the Chinese livestreaming market.
Chinese public attitude towards gaming no longer sees it as a waste of time.
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 company reportedly inked the deals at 10% to 20% below the going price for acquiring new users.