New Retail Briefing #3: Walmart China Eyes Retail Innovation; A.S. Watson and Unilever Agree to New Retail Partnerships

Executive Summary

“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments on New Retail in China. 

• Walmart China launched “Omega8,” an initiative to help tech startups test technology projects.
• Beauty and health retailer A.S. Watson and Netease’s Yanxuan opened a lifestyle store in Guangzhou.
• Unilever signed a cooperation agreement with JD Supermarket to develop its New Retail capabilities, including developing new products based on consumer behavior data.