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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Apparel and Beauty Spending Tracker, May 2023: Clothing, Footwear and Beauty Spending Growth All Moderate FurtherUS Apparel and Footwear Private Label: Consumer Attitudes and Inflation Present OpportunitiesUS Store Tracker Extra, March 2023: Retailers To Close 31 Million Square Feet of Retail Space in 2023Analyst Corner: A Definitive Guide to US Drugstore Retail with Aditya Kaushik