Insight ReportNew 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: Groceryshop 2025 Day One: AI Drives Smarter Operations as Shoppers Seek Value and WellnessWeekly US Store Openings and Closures Tracker 2025, Week 32: Claire’s Files for Bankruptcy—Potentially 1,137 Stores To CloseSycamore Partners To Acquire Walgreens Boots Alliance—Exploring the Reasons for and Implications of the $23.7 Billion DealUS Retail and Logistics Holiday Hiring Hits Lowest Level in Over a Decade—Data Graphic
