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

Coresight Research

Key Points

“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:

  • launched a gifting mini program JD Gift on WeChat to boost social e-commerce.
  • 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.

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