Retail
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JD Xintonglu covers more than 300 cities in China
On August 24, Zheng Hongyan, Vice President of JD.com Group and President of the JD.com’s Xintonglu Department that was in charge of the omni-channel retail business, announced that the JD Xintonglu would upgrade its cooperation with the supermarkets on JD.com in three aspects including venue layout, omni-channel supply and uni marketing, to boost sales in all channels with the partners of the ups
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Fanli.com included in the top 50 Internet companies in Shanghai
Recently, Jiemian News has released the list of top 50 new economy Internet companies in Shanghai, which included Fanli.com, Xiaohongshu, Bilibili, and Pinduoduo.
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Big data operator for retailers Winwin-Inc.com completes Series A+
Mashangying, or Winwin-Inc.com, recently announced the completion of Series A+ round financing led by Challenjers Capital, raising tens of millions of yuan.
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YMatou announces plan of opening 1,000 stores in 3 years
On August 17, CEO of YMatou, Zeng Bibo, announced the plan called “1000 Stores in 100 Cities”, at the 10th anniversary global press conference of the company.
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Tmall Supermarket, Taoxianda, and Ele.me upgrade cooperation with Yili
On August 14, Tmall Supermarket, Taoxianda, and Ele.me announced that they had upgraded the strategic cooperation with Yili, one of China’s leading dairy producers.
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Alibaba.com to introduce group buying wholesales mode
On August 13, Alibaba.com announced that the purchasing festival on the platform was going to begin from September 1, which was expected to attract 20 million wholesalers from around the world to prepare for the promotion days like Black Friday and Christmas.
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Six Hexiaoma stores open simultaneously in Shanghai with takeout lockers
On August 12, Hexiaoma announced the opening of six stores in Shanghai. In addition to the Guangqi Chengmen Store where the announcement was made.
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JD.com acquired VIPMRO, a procurement platform for MRO products
On August 12, JDMRO, the industrial product purchasing platform under JD.com announced the completion of acquisition of VIPMRO, one of China’s leading online procurement platform for MRO products that had 100,000 industrial retail stores settled in.
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Meituan and PSBC cooperate and launch joint debit card
On August 11, Meituan and Postal Savings Bank of China（PSBC）jointly launched a debit card named after PSBC and Meituan, on their strategic cooperation agreement signing ceremony in Beijing.
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MofCom to promote comprehensive development of branded convenience store chains
The Ministry of Commerce issued a notice on promoting more branded convenience store chains in the next three years, which highlighted the necessity to accelerate arranging the layout of the stores, to promote the digital transformation, and to establish smart supply chains.
