Suning to open 10,000 more Internet-powered stores in 2020

Chinese leading e-commerce player Suning is going to step up investment in smart retailing infrastructure to open 10,000 Internet-powered stores in 2020, while introducing more talents, according to Zhang Jindong, Chairman of the board of Suning Group.

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Panasonic to Build Global Appliance Plant in China

Panasonic plans to build a new kitchen appliance factory in China to act as a global production hub as the Japanese electronics giant remains optimistic about the sector despite a rise in competition.

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Xiaomi to Enter Japan on Dec. 9

Xiaomi, the world’s fourth-largest smartphone brand, will enter the Japanese market earlier than expected as it touts overseas markets as an important pillar of its growth.

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Smartmi unveils new brand Jya to highlight design aesthetics

Smartmi, a company within Xiaomi’s ecosystem, unveiled its new brand Jya, a homophone for “home” in Chinese, in Beijing on November 26 2019. Products released at the conference included a convection space heater, a desktop air purifier, an air circulator fan and a lamp. The brand later put on a...

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Revenue of JD.com grew by 28.7% YOY for Q3 2019

Revenue of JD.com posted 134.8 billion Yuan for Q3 2019, up by 28.7% year-on-year, higher than the expected 128.4 billion Yuan, and net profit 3.1 billion Yuan, up by a whopping 160.6% year-on-year, EPS of JD ADS 2.08 Yuan, more than the expected 1.22 Yuan, according to the Q3 report of the company ...

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