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.
Read More →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.
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.
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...
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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