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Insight Reports 4 minutes

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

Coresight Research

Key Points

“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.

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