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  • What's News? August 7, 2013 | 0 Comments

    Suning banks on finance

    Suning will soon enter the banking industry. According to company insiders, the company has already organized a financial products team and begun initial discussions with a handful of domestic fund management companies. Suning's Yigou e-commerce platform looks to house securities, currency funds and other financial products. Suning is also busy integrating brick-and-mortar electronics retail with a growing e-commerce presence. Source: Tencent

  • e-Commerce, Trends
    June 4, 2013 | 0 Comments

    Retail Megatrends: Online Rise, Foreign Fall

    China: center of retail universe

    Retail in China increasingly means online retail. So says the “China Retail 100”, a report produced by the China General Chamber of Commerce. 2012 was the first year the report took account of online retail and the results were revealing: sales from China’s largest online retailers grew 113% faster than offline retail, with nearly half (49.6) of all retail sales growth in 2012 generated online (more in Chinese here). When that number crosses 50% in 2013, who stands to profit? ...Read More

  • What's News? May 30, 2013 | 0 Comments

    Apple gets special treatment

    With Apple official retail outlets still sparse on mainland China, Apple has set about installing special zones in other chain retail stores throughout Beijing. In an effort to cozy up to local retailers (and local consumers), Apple has its products displayed in self-designed and renovated zones in chain stores like Dixintong. Apple has yet to establish similar cooperation with big electronic and telecommunication chain retailers like Suning and Gome. Source: Finance China

  • What's News? May 17, 2013 | 0 Comments

    Suning arrives in Tibet

    Suning's first store in Tibet will open its doors on May 25th. Located in Lhasa, the new locale makes Suning the first large chain outlet to open in Tibet. Suning hopes to open more outlets and introduce e-commerce services in the special administrative region. Suning has opened over 1,600 stores in over 600 cities in China and abroad. Source: Winshang

  • What's News? May 9, 2013 | 0 Comments

    Suning shutters stores

    Suning plans to close about 200 stores this year to maintain profitability. As part of the company's strategic transition plan, Suning plans to upgrade some of its stores in tier-two cities and open county-level stores while shuttering locations in smaller counties. At the same time, Suning will integrate pricing across its online and offline platform. Source: Winshang

  • Branding, FMCG, Wellness
    March 2, 2013 | 0 Comments

    Nowhere fast: KFC’s China future

    China Hearts KFC?

    Is it time to downgrade the “credit rating” of foreign food sellers in China? Ongoing safety scandals involving KFC and other upmarket brands have garnered unwanted attention for foreign food from customers and regulators. While scandal is commonplace for domestic Chinese food and beverage makers, foreign companies have managed to maintain an image of health and safety, even when it comes to fast food and sweets. Those healthy images are now under interrogation in an environment where low public trust in food quality has spawned a cottage industry of home safety devices from smartphone apps to home chemical testers. Can foreign food stay a healthy choice?  ...Read More

  • What's News? February 20, 2013 | 0 Comments

    Suning finds new operations model

    Suning recently announced plans for a new “cloud retail” business model. The company wants to integrate online and offline operations to become an “offline business + e-Commerce + retail service provider.” Suning is also making changes to its organizational structure, annual planning, and HR according to the new model. Industry experts are optimistic about the new model and expect Suning’s strong supply chain and logistics to help with online/offline integration. Source: eBrun

  • What's News? February 20, 2013 | 0 Comments

    Laox doubles up in 2013

    Laox, Japanese retailer and Suning's new purchase, plans to open ten stores in 2013. Most of locations will arrive in cities where Laox already has an established presence like Beijing and Nanjing. At present, Laox only has ten total stores in China. Source: Winshang

  • What's News? January 28, 2013 | 0 Comments

    Redbaby to open offline stores

    Suning recently announced that one of the company’strategic goals for 2013 is speeding up the offline expansion of Redbaby. After a summer of M&A rumors, Suning purchased Redbaby, an online mother-and-infant website, in September 2012. At present, Suning and Redbaby are investigating potential locations for offline stores. The first half of 2013 should see Redbaby’s first outlet open its doors in a tier one city.

    Source: eBrun

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