As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. The company has introduced Gucci’s newly opened flagship store, now accessible on China’s JD.com. This...
China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and Alibaba said the country’s consumer spending has not yet recovered from the downturn that was seen during the pandemic, CNBC...
Started by Chinese eCommerce giant Alibaba.com as a kind of Valentine’s Day for the unattached to buy gifts for themselves, the annual Nov. 11 Single’s Day phenom has since grown into the world’s biggest sales event, generating an estimated $139 billion in just 24 hours...
After more than five years of working on a FinTech project with Chinese eCommerce marketplace JD.com, commercial lender China Merchants Bank (CMB) has decided not to move forward with the planned direct banking joint venture. CMB’s board gave no reason for its decision to withdraw an application that...
November 11, 2022
Started by Chinese eCommerce giant Alibaba.com as a kind of Valentine’s Day for the unattached to buy gifts for themselves, the annual Nov. 11 Single’s Day phenom has since grown into the world’s biggest sales event, generating an estimated $139 billion in just 24 hours last year. For context, compare that to the $12 billion […]
March 13, 2020
There is nothing worse than trying to get customer service from a less than fully functional chatbot or automated voice system. Ask it a question it gives an answer, just...
September 28, 2018
An estimated 52 percent of consumers worldwide are now using Intelligence of Things (IoT) devices. However, even as smart devices become more present in consumers’ homes, researchers and consumers alike...
August 09, 2017
UnionPay is facing an increasingly competitive and complicated world these days. Some question whether the card-payment network operator will be able to overcome the struggle to “remain relevant” in a market that is quickly...
January 18, 2024
As the Lunar New Year approaches, major online retailers in China are offering significant discounts on iPhone models. Alibaba’s Tmall and JD.com are among them. Apple, facing tough competition from domestic brands like Huawei, is also joining the discount trend, Nikkei Asia reported Thursday (Jan. 18). These moves come as iPhone sales in China have experienced a decline, with the Apple device now […]
March 10, 2023
China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and Alibaba said the country’s consumer...
July 25, 2022
After more than five years of working on a FinTech project with Chinese eCommerce marketplace JD.com, commercial lender China Merchants Bank (CMB) has decided not to move forward with the planned direct banking...
May 12, 2022
JD Technology, the FinTech arm of Chinese eCommerce giant JD.com, is delaying its initial public offering as it continues to wait for government regulatory approval. That’s according to a report...
