Insight Report 5 minutes PremiumNew Retail Briefing: Tencent Develops New Credit Payment Product Coresight Research September 24, 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: Tencent is developing a credit payment product, named Fenfu, which will integrate into WeChat Pay. Coach and Kate Spade will launch stores on Alibaba’s dedicated luxury and premium goods platform Tmall Luxury Pavilion. Tmall joined New York Fashion Week under the banner of “Tmall China Cool,” with five Chinese brands showcasing their spring-summer 2020 collections at Spring Studios. 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: Analyst Corner—Profit Potential for Preloved Products? A View of the US Fashion Resale Market with Sunny ZhengWeinswig’s Weekly: The Checkout Process Continues To Evolve and Reduce FrictionRite Aid Bankruptcy: What Does It Mean for Rivals?Shoptalk 2024 Wrap-Up: AI “Hype” and Back to Retail Basics—Loyalty, Physical Stores and More
