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