Insight Report 5 minutes PremiumNew 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: Groceryshop 2024 “Shark Reef” Startup Pitch Competition: Innovator ProfilesThree Data Points We’re Watching This WeekWeekly US and UK Store Openings and Closures Tracker 2024, Week 7: Pandora Announces Store Expansion PlansUS Social Commerce Survey 2023—Infographic: Video-Centric Platforms and Influencers Offer Opportunities for Brands
