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Tag: china

Retail Asia03/07/2017
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Telecom

Nokia to expand its presence in China

2min0
Nokia has announced plans to establish a dedicated unit to help major Chinese internet companies expand overseas. The new unit will focus on areas including data centers, cloud computing, IP routing, transport and services, as well as emerging technologies such as AI, machine learning and edge cloud. Nokia is taking the initiative as part of […]
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Retail Asia03/07/2017
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Finance

Prepare for a mobile payment revolution among Chinese travelling shoppers

6min0
Mobile payments will soon overtake cash and credit cards as the preferred payment choice for Chinese travellers shopping abroad, according to a new survey. Mobile payments specialist Cancan and financial research authority Kapronasia have published a global study, 2017 Mobile Payment Survey: Chinese Consumers Abroad, covering the impact of Asian mobile payment solutions at point-of-sale worldwide. Over 1,000 […]
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Retail Asia30/06/2017
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E-Tailing

Social media set to morph into shopping platform

4min
China’s shoppers expect a more personalized customer experience in a new digital era where the distinction between online and offline matters less, a new report on Chinese consumer trends has found. McKinsey & Co released their report China iConsumer Research 2017 on the sidelines of the annual meeting of the New Champions 2017, also known […]
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Retail Asia30/06/2017
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Telecom

China Telecom taps Silver Peak for managed SD-WAN services

3min0
China Telecom has forged a partnership with Silver Peak to provide its multinational enterprise customers with fully-managed software-defined wide area networking (SD-WAN) services using Silver Peak’s Unity EdgeConnectSP and Unity Boost SD-WAN products. The collaboration enables China Telecom to deliver managed SD-WAN services, including security services, SaaS optimization, cloud application performance, visibility and control to […]
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Retail Asia30/06/2017
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Telecom

5G connections in China to reach 428m by 2025: GSMA

5min0
Chinese operators are on track to launch commercial 5G networks by 2020 and are expected to establish the nation as the world’s largest 5G market by 2025, Mats Granryd, director general of the GSMA, said during a keynote at the Mobile World Congress Shanghai. 5G connections in China will reach 428 million by 2025, accounting […]
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Retail Asia30/06/2017
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E-Tailing

China’s Tech Entrepreneurs Need to Watch Their Backs

8min
In China, that’s already happening. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are online-offline conglomerates each with hundreds of millions of users. The pair–directly or through companies they invest in–provides services and products across a range of businesses from retail, media and entertainment to health care, payment, banking, logistics and transportation. Their market capitalizations, […]
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Retail Asia30/06/2017
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Real Estate

CapitaLand nabs three mall management contracts in China

2min
These expand the group’s mall footprint by another 115,000 sqm. CapitaLand Limited is accelerating its shopping mall network expansion through the recently-won management contracts with three new partnerships in China. According to the group, its subsidiary CapitaLand Mall Asia will be adding more than 115,000 square meters of gross floor area with these deals. In Chengdu, […]
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Retail Asia30/06/2017
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General

China economy growing but harder times beckon

3min
China’s economy continued to improve in the second quarter, with corporate profits rising and hiring up, a private survey showed, but it suggested the Asian giant may have to brace itself for tougher times ahead even though firms have been able to weather a tighter financing environment. The quarterly survey of thousands of Chinese firms […]
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Retail Asia29/06/2017
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E-Tailing

China’s Alibaba boosts stake in SE Asia online sales

2min
Chinese e-commerce giant Alibaba said Wednesday it would inject another $1 billion into Southeast Asia’s Lazada, as the cashed-up company increases its stake in the region’s nascent online shopping market. The investment will raise Alibaba’s holding in Lazada to 83 percent from 51 percent and take its total outlay on the company so far to […]
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Retail Asia29/06/2017
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Logistics

Kerry launches new UK-China rail freight service

2min0
Kerry Logistics Network announced the launch of its weekly scheduled Less Than Container Load (LCL) rail freight service between Duisburg, Germany and Shanghai via the Yiwu terminal in the Yangtze River Delta, China, using its own consolidation containers. This additional service option for east- and westbound shipments enhances Kerry Logistics’ existing Full Container Load (FCL) […]
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Retail Asia29/06/2017
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Telecom

China Telecom to expand JV with AT&T

2min0
China Telecom has agreed to extend its partnership with AT&T to cover the development of more advanced network services for multinational companies operating in China. The operators have signed a framework agreement to explore ways to develop new IoT, cloud-based big data, VoLTE roaming and SDN based services. AT&T, China Telecom and Shanghai Information Investments […]
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Retail Asia28/06/2017
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Fashion

La Chapelle gets green light to list in China

4min0
Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd., backed by Legend Capital, Goldman Sachs and other investors, have received approval from Chinese security regulators to list on domestic Chinese stock exchanges three years after it completed an IPO in Hong Kong. Founded in 1998, La Chapelle is often called “China’s ZARA” as it focuses on fast […]
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Retail Asia28/06/2017
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Logistics

Crown Equipment expands Shanghai operations

2min0
Crown Equipment Corporation is expanding in Shanghai with a new facility to support growing customer needs in the region. The facility includes space for extensive new equipment inventory, a parts distribution centre, training facility for mainland China, technology demonstration centre as well as local sales, parts and customer service operations for the Shanghai area. “The […]
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Retail Asia27/06/2017
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Finance

China’s AliPay, UnionPay & WeChat Pay join LATAM Fintech’s payments revolution

6min0
The fintech dLocal that specializes in cross-border payments for emerging markets, has integrated AliPay, UnionPay and WeChat Pay – China’s three major digital payments providers – into its platform. The addition for Uruguay-based dLocal with a US presence is touted as enabling global merchants to reach some “300 million Chinese consumers.” Collectively these three providers captured the vast bulk of the […]
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Retail Asia26/06/2017
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E-Tailing

China’s tech giants in race to transform grocery shopping

4min
As Amazon.com looks to swallow United States grocery chain Whole Foods, China’s tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China’s Alibaba Group Holding and JD.com have invested heavily in offline retail – bricks-and-mortar stores – in recent […]
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Retail Asia26/06/2017
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Fashion

Lacoste pops up at Haitang Bay’s China Duty Free Mall

1min0
Lacoste has opened a pop-up store this month in the China Duty Free Mall, the centrepiece of the CITS Haitang Bay Duty Free Shopping Complex. Tennis time: Lacoste’s pop-up outlet in the China Duty Free Mall includes an interactive game. The 64sq m outlet is celebrating the recent French Open championships and the announcement of Lacoste’s new ‘Crocodile’, […]
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