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. 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: Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes SalesHoliday 2023: US Holiday Homestretch—Amazon and Off-Pricers Poised To Win This SeasonUS Store Tracker Extra, August 2023: Retailers To Open 78 Million Square Feet of New Retail Space This YearChina Retail Insights: Countdown to Singles’ Day 2024, Three Months To Go—Brands Connect with Shoppers Through AI and Livestreaming
