Alibaba’s purchase of a 36.16 percent stake in SUN ART Retail Group – a $2.9 billion investment – shook business news on November 20. Alibaba, the e-commerce giant that put forward of the concept of “new retail,” and SUN ART, the top offline retailer in China created a fusion of e-commerce and brick-and-mortar business.
No more than half a year ago, when DJI Goggles was still under engineering development, its Spark motion model already proved to be impressive with capturing the image from the bird-eye view. Now DJI unexpectedly released the improved version.
2017 will be a milestone in the history of Chinese companies. In April, Tencent ranked among the Top 10 companies in the world by market value. In June, Alibaba joined it in the Top 10, and within a few days surged to seventh place. On November 21, Tencent’s market value grew to $520 billion, passing…
Vietnamese e-commerce platform Tiki.vn recently announced it received $44 million in financing from JD.com. Tiki.vn said it would use the new financing to train staff, optimize logistics distribution and market its distribution service TikiNow.
A Victoria’s Secret Fashion Show opened at the Mercedes-Benz Cultural Center on November 20 in Shanghai. During the performance, model Meng Xi tumbled on the catwalk. She wrote on her Weibo shortly after, “Sorry! But I will keep on walking the stage.” SEE ALSO: Chinese Street Culture in Fashion Brand Business
Mobike launched Mobike New Lite, its latest model of bicycle, on September 22. After a two-month wait, the new models were finally available in Shenzhen’s Futian District, the company announced. The other districts will follow in the coming weeks.
“The Internet is a natural monopoly industry, and if it is still dominated by Baidu, Alibaba and Tencent in a decade, it will be most unfortunate for China,” Richard Liu said at the release of Qihoo 360 CEO Zhou Hongyi’s new book in Beijing on November 19.
The Xianyu 2017 Strategic Conference was held in Beijing on November 16. The company is the third trillion worth platform that Alibaba has developed after Taobao and Tmall, said Chen Weiye, general manager of Xianyu, a part of Alibaba Group.
The fourth World Internet Conference will be held in Wuzhen, Zhejiang Province from December 3 to 5, the State Council Information Office said. The session’s theme is “Develop Digital Economy and Promote Opening and Sharing – Jointly Build a Community of Shared Future in Cyberspace.”
Seven of the Top 10 are Internet technology companies – namely, Apple, Google, Microsoft, Amazon, Facebook, Tencent and Alibaba – have a combined market value of $4.25 trillion, close to Japan’s GDP in 2016.
China’s super computers the Sunway Taihu Light and Tianhe-2 have held onto their first- and second-place rankings in a new listing of the world’s Top 500 supercomputers, released November 13. The list also showed the number of Chinese supercomputers in the Top 500 has also surpassed the number in in the United States.
China’s National TV network CCTV 2 Finance Channel and the National Academy of Economic Strategy under the Chinese Academy of Social Sciences released their China Annual E-Commerce Report. How has Chinese e-commerce changed in the past year, and what are the highlights? What are the trends in global e-commerce?
This year’s Singles’ Day is just over, but Alibaba and JD.com are already fighting about how to calculate and record who had the most transactions.
Sogou was listed for trade on the New York Stock Exchange on the evening of November 9. Charles Zhang, Sogou’s shareholder and Sohu’s founder, and Sogou CEO Wang Xiaochuan spoke on the occasion.
JD.com pledged to purchase $2 billion worth of American goods during the next three years, including $1.2 billion of American beef and pork, the company said on November 8.