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Insights
11-Apr-19 JD.com’s 7Fresh and Yonghui Superstores are set to co-invest RMB5 bn (USD750 mn) in Thailand to establish sourcing and distribution of tropical fruits, including RMB1.5 bn of durians, mangosteens, longans, and coconuts from Thai agricultural brands.
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Insights
14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]
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Insights
12-Mar-19 The pace of shopping venue openings in China is the highest ever, against a background of slowing retail sales and growth of online - 634 net openings in 2017/18. There is now a risk of over-supply in many cities. [image: Local Gravity / Retail In Asia]
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Insights
02-Mar-19 Alibaba’s Tmall expects cosmetics brands to open 1,000 shops this year to meet demand from Chinese consumers. Seven international cosmetics companies - Tom Ford, P&G’s Oriental Therapy, Cosme, d-program, Primera and Barnängen - will open on Tmall in 2019. [image: Retail In Asia]
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Insights
28-Feb-19 Future Retail, which operates local retail chains such as Food Hall and Nilgiris, has secured a deal with 7-Eleven to set up the first 7-Eleven stores in India and will convert some of its existing operations into 7-Elevens. [image: Reuters / Toru Hanai]
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