Insight Report 4 minutes PremiumNew Retail Briefing #4: Suning.com Expands to Department Stores, Alipay Available at Walgreens Coresight Research February 26, 2019 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 in New Retail in China and beyond. Here’s what’s happening: Suning.com acquired all 37 department stores of leading Chinese property developer Wanda Group and will convert the stores to smart retail formats. Alibaba’s digital payment solution Alipay can now be used at US pharmacy chain Walgreens stores, making it easier for people visiting from China to shop there. Alibaba acquired an 8% stake in Bilibili, a Chinese online video platform targeting young people. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Data Dive: US Consumer Debt in Focus as the Fed Cuts RatesFebruary 2023 Monthly Consumer Update: US, UK and ChinaEarnings Insights 1Q23, Week 2: Colgate-Palmolive, CVS, Floor & Decor, L’Oréal and Sprouts Farmers Market Post Strong Results; Carter’s, Estée Lauder, Hanesbrands and Wayfair Sales DeclineHoliday 2024: US Consumer Survey and Retail Outlook—Early Shopping and Deal-Seeking To Define the Season
