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Tag: wechat

Retail Asia05/05/2020
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E-Tailing

WeChat launches plan to stimulate retail growth

2min0
Chinese social-media and mobile-payment app WeChat has introduced measures aimed at boosting the recovery of the retail industry. The firm’s Wechat Retail Growth Plan is intended to help global businesses and brands strengthen their understanding and use of WeChat’s tools and functions to better resolve the challenges created by the coronavirus pandemic. The plan uses […]
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Retail Asia26/12/2019
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Finance

WeChat Adds Diamond Purchase Traceability Feature

1min0
Tencent partnered with Russian diamond miner ALROSA Group to offer an in-app blockchain-based feature that provides traceability for diamond purchases made through WeChat. WeChat adds a new capability for affluent users to access transparent information about the «origin, characteristics and ownership history» of diamonds purchased through the platform. In addition to ALROSA – which accounts […]
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Retail Asia15/11/2019
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Finance

Foreigners in China Can Soon Use Wechat Pay

3min0
Alipay and WeChat Pay have announced plans to open up their platforms to foreigners visiting the mainland. This week, the two dominant payment apps in China announced that they will allow their platforms to be used by visitors to China, possibly boosting spending there. Although Alipay and WeChat Pay’s logos are visible in stores and […]
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Retail Asia08/02/2019
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Fashion

Luxury goes local as Chinese shoppers gravitate towards home-grown brands

9min0
Affluent Chinese consumers have for years shown a preference for global, well-known brands and labels. But with growing sophistication in tastes and a penchant for unique styles, the well-heeled are now increasingly gravitating towards high-end Chinese designers. “While global forces will continue to impact China’s luxury market, domestically there’s this whole new wave [of Chinese […]
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Retail Asia17/01/2019
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Living

Walmart China to boost offline, online integration

1min0
Walmart China has pledged to further its online/offline integration strategy with increased focus on fresh food distribution, private brands and membership services. The firm’s president and CEO Tan Wern-Yuen said the business will focus on “consolidating its upstream resources and to further improve product quality”. The firm is set to invest more than RMB700 million […]
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Retail Asia11/01/2019
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Living

More Chinese seniors embrace WeChat

3min0
The ubiquitous WeChat is continuing to expand its reach across all age groups – especially among people aged 55 and above. According to the 2018 WeChat Data Report released at the WeChat Open Class Pro 2019 event in Guangzhou this week, seniors recorded the fastest growth of any age group last year. WeChat says more people are sharing […]
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Retail Asia07/01/2019
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Fashion

JD stores open in Beijing and Mongolia

4min0
Chinese online retail giant JD has opened two new innovative stores at Beijing Capital International Airport (BCIA) and Hohhot East Railway Station in Inner Mongolia. In a move to further expand the firm’s “boundaryless retail” strategy, the JD travel retail stores use the e-commerce company’s latest retail technology in order to make it easier and […]
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Retail Asia31/12/2018
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Finance

Chow Tai Fook Jewellery Group, WeChat signed agreement deal

2min0
Chow Tai Fook Jewellery Group has signed a memorandum of understanding with Chinese online platform Tencent to allow jewellery purchases using WeChat Pay. In a move to promote “seamless cross-border intelligent consumption”, the agreement allows Hong Kong WeChat users to use the platform’s digital payment solution to make purchases at specified Chow Tai Fook jewellery […]
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Retail Asia07/12/2018
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Food

Remodeled M&M’S World Shanghai reopened

1min0
M&Ms World Shanghai reopened yesterday in Shanghai Shimao International Plaza. The newly remodeled 1600sqm interactive store, which offers an immersive, personalised experience with the M&M brand to residents and tourists, remains the only one based in Asia. The store is part of the global M&Ms retail business, which includes My M&Ms’ e-commerce sites and a […]
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Retail Asia26/11/2018
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E-Tailing

Walmart China tests same-day delivery from Dada

1min0
Walmart China has begun testing same-day grocery delivery in its Xiangmihu store. The new Walmart To Go service is available within a WeChat mini-program, following Walmart’s partnership with online social networking provider Tencent earlier this year. It is currently undergoing trial with future rollout pending feedback from customers who opt in to the service. Those […]
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Retail Asia19/11/2018
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Telecom

Tencent finished Q3 with strong result despite regulation

2min0
Gaming and chat specialist Tencent has reported a strong third-quarter profit despite ongoing issues with Mainland China regulatory authorities over its gaming software. Tencent’s share price has fallen by about one third this year, shedding US$165 billion off its value, although last year its share price doubled. In September the company announced a restructuring program […]
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Retail Asia26/10/2018
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Logistics

JD start to have parcel delivery in logistic division

4min0
Chinese e-commerce company JD is opening its logistics network up to consumers to send parcels around the country, marking the first entry by an e-commerce company into the parcel delivery business. The new JD parcel delivery service announced enables users of the company’s app in Beijing, Shanghai and Guangzhou to send items intra-city and throughout […]
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Retail Asia23/10/2018
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Research

The sharp rise of Pinduoduo – What is the secret?

9min0
Pinduoduo, also known as PDD, founded by the Ex-Googler Colin Huang, is currently the fastest growing app in the history of the Chinese Internet and the leading Chinese App for social e-commerce. Pinduoduo is reported to have raised a US$3 billion investment round led by Tencent Holdings, at a valuation of US$15 billion. A significant […]
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Retail Asia11/10/2018
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Finance

Indonesia Central Bank says Alipay, WeChat non-compliant with e-transaction rules

2min0
Bank Indonesia has said that foreign consumer payment applications, like China’s Alipay and WeChat that Chinese tourists reportedly used in Bali, are not approved for local use. The central bank said the applications did not comply with regulations, in particular because they did not have a cooperation with local payment systems. BI payment system policy executive director Onny Widjanarko said in […]
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Retail Asia17/09/2018
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E-Tailing

Burberry is launching ‘See Now, Buy Now’

1min0
British luxury fashion house Burberry is releasing a see-now, buy-now collection exclusively on Instagram and WeChat. Limited-edition pieces from the collection, the first released under the Burberry label by designer Riccardo Tisci, will be made available through 24-hour product releases on the two platforms. The inclusion of WeChat on the see-now, buy-now program illustrates the […]
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