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Tag: china

Retail Asia11/07/2017
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Finance

Stripe strikes global partnerships with China’s Alipay, WeChat Pay

3min0
Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. Starting Sunday, the partnerships will allow online merchants using Stripe to integrate the ability for Chinese users to pay with Alipay and WeChat Pay on their websites, the […]
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Retail Asia11/07/2017
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Finance

Ant Financial aims for ‘cashless’ cities in China

3min0
Alibaba’s financial arm Ant Financial is looking to create more “cashless” cities across China, with the latest agreement inked with Tianjin municipality in North China. The city-wide “cashless” campaign pushed by the e-commerce giant is the fourth installment to hit China, following similar initiatives in Hangzhou — where Alibaba is based — followed by Wuhan and Fuzhou. As with the […]
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Retail Asia11/07/2017
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General

Chinese Travelers Spend More But Shop Less

6min0
The number of trips by outbound Chinese travelers is expected to reach 150 million this year, but while average trip spend is on the rise (up 3.5 percent 2015-2016), surprisingly shopping spend declined both in absolute and relative terms, to 33 percent of trip spend in the same period, according to a report released by […]
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Retail Asia10/07/2017
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E-Tailing

Alibaba launches low-cost voice assistant amid AI drive

3min0
The Chinese device costs significantly less than counterparts by Amazon and Google. China’s Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc’s “Echo”, its first foray into artificially intelligent home devices. The “Tmall Genie”, named after the company’s e-commerce platform Tmall, costs 499 yuan ($73.42), significantly less than […]
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Retail Asia10/07/2017
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E-Tailing

The Alibaba Group is ready to do business in Macau

2min0
Alibaba Group Holding Limited has had its application for trademark protection accepted in Macau, enabling the Chinese e-commerce giant to enter the MSAR with a series of products. Brands Ant Star, Ant Star Bank, Alimebot, 阿里蜜，星匯，星安，智惠，星匯銀行，智惠銀行, are now able to create and commercialise in Macau products ranging from newspapers and magazines to credit and debit cards, scientific and nautical […]
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Retail Asia10/07/2017
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Telecom

Xiaomi, Nokia sign alliance and patent de

2min0
Xiaomi and Nokia have signed new a multi-year business collaboration and a patent cross-licensing agreement covering each vendor’s cellular standard-essential patents. As part of the transaction, fast-growing Chinese handset vendor Xiaomi has also purchased patent assets from Nokia. Under the business cooperation component, Nokia will meanwhile provide network infrastructure equipment designed to meet the high capacity, low power […]
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Retail Asia10/07/2017
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Fashion

Aigle opens store in Suzhou

1min0
Aigle, a French outdoor leisure brand with a history of over 100 years, has opened a store in Jiuguang Department Store, Suzhou. Founded in 1853, Aigle is sells leisure jackets and rain boots with both fashionable designs and functions. Its classic works include the handmade rubber boots “Miss Juliette” and “Miss Julie”. The brand entered the […]
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Retail Asia10/07/2017
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Telecom

China Telecom joins HomeGrid Forum

3min0
China Telecom’s main research arm the China Telecom Shanghai Research Institute has joined the HomeGrid Forum to support the deployment of G.hn technology in Asia. The Institute has been working on G.hn related products for more than three years, with China Telecom selecting G.hn as its home networking technology of choice. China Telecom Shanghai announced […]
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Retail Asia07/07/2017
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Logistics

DHL and Latvian Railways join forces to boost Baltic-China trade

4min0
Baltic and Nordic exporters can look forward to faster, cheaper and more reliable logistics connections to China’s immense export market, following the signing of a new agreement between Latvia’s State Joint Stock Company Latvijas dzelzceļš (LDz) and DHL Global Forwarding. The Memorandum of Understanding and Cooperation (MUC) signed between both companies will see both organisations […]
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Retail Asia05/07/2017
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Telecom

Nokia formally launches Nokia Shanghai Bell JV

2min0
Nokia has announced the completion of the transaction with the China Huaxin Post & Telecommunication Economy Development Center to create the Nokia Shanghai Bell joint venture. The deal marks the official launch of the Nokia Shanghai Bell business, which combines the former Alcatel-Lucent Shanghai Bell with Nokia’s China business. But the two entities have effectively […]
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Retail Asia05/07/2017
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E-Tailing

Can Alibaba realize its global ambitions?

7min0
Jack Ma, the man who turned Alibaba into China’s dominant e-commerce platform, now has his sights set on global domination. Over the past year, Ma met business leaders and head of states in many countries to introduce his grand vision: small businesses from all corners of the world trading freely and securely on Alibaba’s platform. His goals are […]
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Retail Asia05/07/2017
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Telecom

Taiwan cellcos switch off 2G networks

1min0
Taiwan’s mobile operators have completed the switch-off of their respective 2G networks. The switch-off on Saturday has left the nation’s remaining 2G holdouts unable to place any calls except for emergency calls, or send or receive text messages or use data serices. At the time of the shutdown there were an estimated 60,000 2G holdouts […]
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Retail Asia04/07/2017
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E-Tailing

Capitalising on China’s cross-border e-commerce market

3min0
Attendees of the dialogue on GMS Cross-border E-commerce Cooperation Platform held in Yunnan province, China earlier this month discussed how to develop cross-border e-commerce businesses of ASEAN countries. More than 100 representatives from e-commerce companies and associations from the Greater Mekong Subregion (GMS) comprising Cambodia, Laos, Myanmar, Thailand and Vietnam as well as Yunnan Province […]
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Retail Asia04/07/2017
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Food

China remains Vietnam’s top rice importer

2min0
According to the Ministry of Agriculture and Rural Development, Vietnam exported 2.8 million tonnes of rice valued USD1.2bn in the first six months of 2017. Both the volume and value increased by 6.3% and 4.9% respectively compared to last year. However, average prices in the first five months decreased by 0.9% to USD445.5 per tonne […]
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Retail Asia04/07/2017
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Logistics

XPO expands global supply chain support for Sealed Air

2min0
XPO Logistics has expanded its global supply chain support for Sealed Air Corporation with the launch of an integrated warehousing and logistics management program in North America. Sealed Air is a global leader in food safety and security, facility hygiene, and product protection. XPO’s new operation supports four Sealed Air product lines – Diversey, Cryovac, […]
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Retail Asia04/07/2017
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Logistics

Kerry Logistics buys 50% stake in Lanzhou Pacific

3min0
Kerry Logistics has acquired of 50 per cent shares in Lanzhou Pacific Logistics Ltd. As the new shareholder and joint venture partner, Kerry Logistics will join hands with another shareholder of LPL, China Railway Container Transport Company Limited (CRCTC), in the management and operations of LPL. The investment marks another strategic step in advancing Kerry […]
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Retail Asia03/07/2017
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Fashion

Alibaba denies links to luxury e-tailer Yoox Net-A-Porter

4min0
the Chinese conglomerate, led by founder and chairman Jack Ma, had contacted Yoox Net-a-Porter over possible capital cooperation or even a takeover, adding it had not ruled out buying shares. This news was quickly denied by sources in the company, who stated this was “not true”. The suggested tie-up between Alibaba and YNAP comes just days after a mega […]
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