Insight ReportNew Retail Briefing: Alibaba Buys Kaola; Kuaishou Launches a “Trustworthy Goods Festival” Coresight Research September 10, 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: Alibaba acquired cross-border e-commerce platform Kaola for US$2 billion. Short video app Kuaishou achieved sales of over ¥100 million (US$14 million) in its first “Trustworthy Goods Festival,” which ran August 28-30. Fliggy and Alipay partnered with the San Diego Tourism Authority and Brand USA to encourage Chinese tourists to visit San Diego. US fashion brand Everlane launched a flagship store on Tmall Global. 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: Profiling Six Artificial Intelligence Startups: AI Showcase InsightsThe CORE 3.0 Framework for Artificial Intelligence in RetailSentiment, Tariffs and Inflation—How Is the US Shopper Reacting? US Consumer Survey InsightsHead-to-Head in US Department Stores: Kohl’s vs. Macy’s
