Insight Report 5 minutes PremiumNew Retail Briefing: JD.com Prompts Social Gifting on WeChat; Suning Acquires Convenience Stores from Fung Group Coresight Research August 13, 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: 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. 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: Robotics in Retail—Part 2: Service Bots Automate and Upgrade the In-Store ExperienceWeekly US and UK Store Openings and Closures Tracker 2024, Week 7: Pandora Announces Store Expansion PlansChina Consumer Tracker: Shops Regain PopularityInnovator Matrix: Workforce Management
