Luckin Coffee Faces Internal Strife, CEO Guo Jinyi Urged to Step Down
On the evening of Jan. 6, it was reported that middle and senior executives of Luckin Coffee signed a joint letter, accusing the current chairman and CEO Guo Jinyi.
Tag: #retail
Showing 12 of 27 posts with this tag
Chinese Vending Machine Firm UBOX Applies for Hong Kong IPO
According to the official website of the Hong Kong Stock Exchange (HKEx), Beijing UBOX Online Technology Corp. (UBOX), a Chinese unmanned retail operator, formally submitted an application for a public listing on May 27.
5/30/20223 min read
Alibaba Considers Selling Intime Retail in Strategic Shift
Alibaba Group is reportedly contemplating the sale of its retail subsidiary, Intime Retail, as part of a broader strategic reassessment.
China’s JD.com and Shopify Team Up to Serve Cross-Border Merchants
Chinese e-commerce giant JD.com has formed a strategic partnership with Ottawa-based Shopify to help U.S. merchants sell their goods in the world’s second-largest economy.
1/19/20222 min read
Costco’s First Chinese Store Flooded on Opening Day
American retail giant Costco is deepening its foothold in the Chinese market with the opening of its first store in Minhang, Shanghai.
Budget Retail Giant Miniso Enters Toy Market
Budget retail store Miniso is joining the global toy market with the debut of its TOP TOY store in Guangzhou.
Youzan Technology Submits Updated Prospectus to Hong Kong Stock Exchange
Chinese SaaS service provider Youzan Technology Inc. submitted an updated application to the Hong Kong Stock Exchange this Monday, with GF Capital (Hong Kong) Limited as its sole sponsor.
8/30/20212 min read
Chinese New Retail Unicorn KK Group Raises $300M Led By JD.COM
Chinese new retail enterprise KK Group, formerly known as KKguan, has recently completed a new round of financing worth approximately US$300 million.
Suning Empowers Small and Micro Business Owners with Pioneering Retail Cloud Stores
Suning Retail Cloud announced on March 30 that it achieved its goal of opening 600 retail cloud stores in the first three months of 2021.
China VC Weekly: Retail, Biotech, EVs and Digital Media
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
8/10/20204 min read
Plum Ventures Invests in Smart Retail Firm Jingpin Hi-Tech
Jingpin Hi-Tech, a smart retail firm specializing in Software as a Service (SaaS) systems, has recently completed an A round of financing worth tens of millions of yuan, featuring exclusive investment from Plum Ventures.
2/28/20223 min read
Dada Ramps Up Expansion of Autonomous Delivery in Partnership with JD
Dada Group, China's local on-demand delivery and retail platform, announced Tuesday that it is set to advance an autonomous delivery operation open system to normalize the scalable use of unmanned delivery vehicles.