New Retail Briefing: JD.com Prompts Social Gifting on WeChat; Suning Acquires Convenience Stores from Fung Group

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:

• JD.com launched a gifting mini program JD Gift on WeChat to boost social e-commerce.
• JD.com opened its first services center for luxury goods in Beijing to scale up its servicing capability in the field of high-end products.
• Suning acquired the Circle K convenience store business in Guangzhou from Hong Kong-listed Fung Group.