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Alibaba Invests $2.88B in Latest China New Retail Alliance | Alizila.com
Alibaba Group said Monday it will invest HK$22.4 billion ($2.88 billion)  for a 36.16% stake in Sun Art Retail and provide technical guidance to the Chinese hypermarket operator as it digitizes its operations.

The investment further underscores the Hangzhou-based tech giant’s commitment to New Retail, an innovative business model that seamlessly blends online and offline shopping into an “omnichannel” consumer experience.

It’s also part of a three-way strategic alliance Alibaba is forming with two leading players in China’s retail sector–Auchan Retail and Ruentex Group. Through the deal, Alibaba will acquire its stake from Ruentex, whose Sun Art shareholding will decrease to 4.67%. Auchan will acquire shares and raise its stake to 36.18% in Sun Art upon the deal’s completion.
apac  o2o  retail  ecommerce  deals  alibaba 
yesterday by dancall
How Cainiao Set New Record Delivery Times for 11.11 | Alizila.com
These last-mile facilities, which were established in all Tier 1 and Tier 2 cities in China, played a key role, said Wang. Alibaba leveraged its wealth of consumer insight to predict which products were likely going to be bestsellers in target areas. Goods were then shipped and stored in these locations early on, ensuring the fastest possible delivery times once shoppers clicked “buy” on Tmall or Taobao.

“Closing delivery distances alone can largely improve the consumer experience,” Wang said.
retail  delivery  apac  ecommerce  speed  casestudies 
yesterday by dancall
Reviewing China's Singles' Day 2017: It's No Longer Just About Alibaba | ExchangeWire.com
Last year, going global and playing up technology were the apparent overarching themes in the e-commerce giant’s strategy for the festival. This year, it was all about ‘New Retail’ – the strategy that promotes seamless online-to-offline integration, leveraging big data and retail innovation, to create a more effective way of doing business for retailers and a more holistic shopping experience for shoppers.

Under this strategy, Alibaba had set up 60 physical pop-up stores across 12 cities in China, and converted 100,000 stores into ‘smart stores’ with a dazzling range of tech features at which shoppers can browse and experience featured merchandise, and make purchases readily on the spot.

On top of the 140,000 brands (including 60,000 international brands) participating in the festival, Alibaba had extended its reach to retailers in rural China as well. For the first time, Alibaba had integrated some 600,000 small-scale independent convenience stores and 30,000 rural retail centers with its e-commerce ecosystem, making this year’s festival the biggest ever in scale.
retail  ecommerce  pop-up  apac  alibaba 
7 days ago by dancall
China’s Billion Dollar VR Theme Park Is Nothing Short Of Colossal - VRScout
More interestingly however are the portions of the park dedicated specifically to VR film production as well as a media research and development. It appears as though the park, while branded as a VR playground, will actually being doing a whole lot more than meets they eye. It’s exciting to see a facility this well-funded blend development and entertainment in such a unique way. It’s very possible East Valley of Science and Fantasy could become the HQ for all things VR not only in China, but the entire Eastern hemisphere.
vr  apac 
7 days ago by dancall
Tencent’s profit surges 69% thanks to its thriving games business | TechCrunch
The older PC unit grew 27 percent to reach sales of 14.6 billion RMB ($2.2 billion), while its
mobile cousin hit 18.2 billion RMB ($2.75 billion) thanks to 84 percent growth. Honour of Kings, the world’s most lucrative mobile app this year, was a stellar contributor, while the firm also owns League Of Legends for PC. Tencent paid tribute to the app, and a handful of others, for the growth but it didn’t break out each title’s sales.
tencent  stats  apac  gaming 
7 days ago by dancall
By the Numbers: 2017 11.11 Global Shopping Festival | Alizila.com
1. Childlife
2. GNC
4. Aveeno
5. Nike
6. Revlon
7. Puritan’s Pride
8. Nature’s Bounty
9. Gerber
apac  ecommerce  alibaba  stats 
8 days ago by dancall
Nike Playing to Win With New Retail and 11.11 | Alizila.com
To me, new retail is about being even more consumer-centric. Nike is leading the future of sport retail through digital, and in China we are the industry’s leading brand on e-commerce as well as in the physical stores.

The Nike Consumer Experience is our solution, aimed at giving the consumer a better Nike experience anywhere they shop across the landscape from online to offline footprints, from owned to partnered portfolio. It features curated product assortments, exclusive services and elevated environments and user experiences, all tailored to the consumer.

Today’s consumers are evolving. They want personalized and curated products, they want them immediately, they want to purchase them via mobile and they want it to be easy.
sportswear  retail  apac  alibaba  ecommerce 
8 days ago by dancall
Alibaba’s AI Fashion Consultant Helps Achieve Record-Setting Sales - MIT Technology Review
FashionAI received its first big wave of customers on Saturday during Singles’ Day, a Chinese shopping festival started by Alibaba in 2009 and held on November 11 each year. This year’s event set a record, with a staggering $25 billion worth of goods sold. And the company hopes the technology it rolled out could help it reinvent retail using artificial intelligence.

He settled on a pair of black pants and chose her size. A large orange button in the lower right-hand corner of the screen allowed her to call a store clerk, who brought the pants to her. Even though she didn’t end up buying the jacket or the pants, she was fascinated by how a computer program could offer professional style suggestions. “Sometimes I walk into a store without knowing which piece of clothing I should buy,” she says. “This way I can choose more efficiently.”  
alibaba  ai  luxury  retail  ecommerce  apac 
8 days ago by dancall
Alibaba tests 60 futuristic pop-up stores across China for Singles Day - Digiday
Those pop-up stores run from Oct. 31 through Nov. 11. One of the store features is a digital screen called “magic mirror” that lets shoppers try on things like sunglasses, cosmetics and apparel virtually. If they like the product, shoppers can make a purchase through Alibaba’s mobile payment service Alipay by scanning the QR code on the screen. Another store feature is an AR display area where shoppers can scan product images to visit corresponding listings and get coupons on Tmall. Meanwhile, brands like L’Oréal-owned skin cleanser Clarisonic also set up vending machines in their pop-up stores so consumers could make purchases without waiting in line for the cashier.
ecommerce  retail  o2o  alibaba  apac  augmented-reality 
11 days ago by dancall
Luxury brands like Burberry are piling onto China's Singles' Day | Glossy
For the first year for the Musée hub, participating brands include Burberry (which announced Thursday that China is the brand’s fastest-growing region), Guerlain, La Perla, La Mer, Rimowa and Tag Heuer. Singles’ Day strategies vary: La Perla is selling limited-edition pajamas embroidered with 18-karat gold; Burberry is selling a version of its trench coat in its recognizable check pattern; La Mer is selling its face cream in an exclusive mother-of-pearl casing; luxury luggage brand Rimowa collaborated with Chinese artist Yue Minjun to sell a set of hand-painted suitcases. Guerlain took its Singles’ Day play offline by sending sales reps to China to offer two-hour appointments for Tmall’s luxury shoppers to make a personalized perfume. The whole ordeal cost “hundreds of thousands in RMB” for Guerlain to pull off, according to a source close to the company.
luxury  apac 
14 days ago by dancall
Musical.ly, the lip-syncing video app, is going to sell for at least $800 million - Recode
Musical.ly is interesting for a bunch of reasons:
It’s indicative of the astonishing trajectory a hit app can enjoy, fueled by a worldwide population of mobile phone owners.
It’s the first Chinese-bred social app to enjoy real success in the U.S.
It may be the most successful video app not owned by an internet giant like Facebook or Google.
It effectively served as a social and messaging app for a very young user base — likely too young to be using social and messaging apps.
deals  apac  music  kids  widgets 
14 days ago by dancall
L’Oreal Glams Up New Retail To Attract Customers for 11.11 | Alizila.com
FIRST-EVER FASHION SHOW FROM CHAMPS ELYSEES – In early October, Tmall customers had an unparalleled opportunity to “participate” in a fashion show held for the first time ever on the Champs-Élysées, a universally known boulevard synonymous with prestige, luxury and elegance. The show featured “A-listers,” such as American actress Jane Fonda, Oscar winner Helen Mirren, and Chris Lee, one of the most popular pop stars in China. It was broadcast live exclusively and replayed on Tmall.com. Viewers were able to see the entire show in 360 degrees, simply by moving their phones. To date, over 4.5 million people have watched the show.“Thanks to e-commerce and thanks to Alibaba technology, we can literally bring Paris to the Chinese consumers,” said Stéphane Rinderknech, the company’s China Chief Executive Officer.Adding to the exclusivity was the debut of Balmain’s newest lipstick collection on Tmall.com designed specially for 11.11 customers.
apac  luxury  ecommerce  casestudies 
15 days ago by dancall
WeChat users send 38 billion messages per day
6.1 billion voice messages sent each day
205 million video and voice calls daily
50 million “seniors” – age 55-70 – are active users
3.5 million active “official accounts,” used by brands, media outlets, bloggers, and celebrities
797 million users actively browse through content from official accounts
wechat  stats  apac  im  voice 
15 days ago by dancall
Tencent pays $2b for stake in struggling Snapchat
Tencent has been a bit more specific, saying it could work with Snap to publish games and improve ad sales – specifically to create “newsfeed ads” within Snapchat, reports Reuters. Snapchat does not have a newsfeed, suggesting the millennial-oriented messaging app could become more like Facebook – or like the Moments stream inside Tencent’s WeChat.
tencent  wechat  snapchat  deals  partnerships  apac 
15 days ago by dancall
Google Has a New Plan for China (and It's Not About Search) - Bloomberg
Instead, Google’s ingress is centered around artificial intelligence. The internet giant is actively promoting TensorFlow, software that makes it easier to build AI systems, as a way to forge business ties in the world’s largest online market, according to people familiar with the company’s plans. It’s a wide pitch targeting China’s academics and tech titans. At the same time, Google parent Alphabet Inc. is adding more personnel to scour Chinese companies for potential AI investments, these people said.
google  apac  ai  future 
16 days ago by dancall
China, Russia Put Millions in This Startup to Recognize Your Face - Bloomberg
The Beijing-based company, also known as Face++, has attracted several other investors including the Russia-China Investment Fund, a venture backed by sovereign wealth funds of the two nations, and SK Group, the person said, requesting not to be named because the matter is private. The funding will give the startup a valuation of at least $1 billion and may be announced as soon as Tuesday, the person said.
apac  recognition  new-companies 
16 days ago by dancall
‘See Now Buy Now’ Kicks Off 11.11 Global Shopping Festival | Alizila.com
The orders placed during See Now Buy Now are counted as pre-sales for 11.11, and transactions are completed by shoppers after the clock strikes midnight that evening. This year, the pre-sales from the fashion show more than doubled–118 percent–over last year’s figures. The growth speaks to Alibaba’s ability to connect apparel brands to consumers by leveraging both its media and e-commerce platforms. Moreover, it underscores that “retail-tainment” is a crucial strategy for international brands seeking to widen their presence and deepen their engagement with consumers in China.

Many brands took advantage of the opportunity to interact with consumers and make a lasting impression through fashion, songs, dance and technology.

Adidas used 3D mapping technology to project images onto models as they cruised the runway, while Tag Hauer dancers wowed the audience in fluorescent, glow-in-the-dark costumes. And Pandora combined its designs with video and light projections to create a unique brand experience for the show.
alibaba  ecommerce  luxury  trends  apac 
22 days ago by dancall
Alibaba Elevates 11.11 With New Retail, Deeper Engagement | Alizila.com
A collaboration with brands to set up 60 New Retail-powered Pop-up Stores across 12 cities in China. Consumers can visit a pop-up store of a cosmetics brand, for example, to experience an augmented-reality (AR) lipstick trial.
The conversion of nearly 100,000 stores throughout China into “smart stores” to bring a range of New Retail experiences such as facial-recognition payments and scan-and-deliver O2O shopping to consumers.
An AR game called Catch the Cat to drive online traffic to offline locations. Consumers will use their mobile device to catch the virtual Tmall Cat mascot to win special perks, discounts and coupons for use at online and offline stores.
“Red envelopes” worth RMB250 million ($37.7 million) to be shared among Chinese consumers through various interactive games. 
apac  alibaba  ecommerce  retail  pop-up 
22 days ago by dancall
Alibaba Offers Glimpse of What’s to Come at 11.11 Festival | Alizila.com
Over 140,000 brands will participate in this year’s 11.11, offering promotions on 15 million-plus product listings. More than 60,000 international brands will be available to the more than half-billion Chinese consumers visiting Alibaba’s platforms.

The promotions and other activity announced Thursday are a prelude to November 11’s Single’s Day – the world’s largest single-day retail event – and tease what to expect from this year’s shopping extravaganza. Alibaba will offer more details at an 11.11 kickoff press conference in Shanghai on Oct. 31.
alibaba  apac  ecommerce  events  trends  stats 
5 weeks ago by dancall

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