How E-commerce and Livestreaming Became Frenemies
Baidu's billionaire founder Robin Li. “Home appliance queen” Dong Mingzhu, of electronics maker Gree. Luo Yonghao, the indebted online celebrity founder of smartphone maker Smartisan. China’s livestreaming industry has welcomed a flurry of high-profile figures over the past few months.
E-commerce Giants Up Their Livestreaming Game for 618 Shopping Festival
2020欧洲杯比赛投注 It’s not even June yet, but the competition to win at the 618 Shopping Festival is already in full swing. The mid-year sales promotion was created by JD.com back in 2004 to mark its June 18 anniversary, but has since been picked up by rival retailers and expanded into several weeks of splashy campaigns.
Canali Assumes Control of 10 Chinese Stores
2020欧洲杯比赛投注 As China rebounds from the heavy impact of the coronavirus outbreak on luxury spending and retail, brands are rushing to quickly resume business in the Asian country. Canali is taking back control of 10 of its stores in China, WWD has learned. Located in the Chinese cities of Changsha, Changchun, Hangzhou, Kunming, Nanning, Taiyuan and Xi’an, the units were previously operated by a local franchise partner.
Hong Kong Retail at ‘Life-Or-Death’ Moment Says HKRMA
Hong Kong’s retail industry is facing “a crucial, life-and-death moment of survival” according to the city’s main retail body the HKRMA, which has sent an open letter to chief executive Carrie Lam seeking government support.