Wal-Mart China partners with JD.com
Wal-Mart China has formed a strategic partner with Chinese eCommerce giant JD.com. The agreement includes a wide range of business initiatives both online and offline:
- JD.com will take ownership of Wal-Mart China’s ecommerce marketplace Yihaodian.
- Sam’s Club China will open a flagship store on JD.com, offering imported products to 600 million JD.com customers.
Both companies will work together to leverage their supply chains to improve product selection and delivery.
Digital research firm eMarketer projects that by 2020 a quarter of China’s entire population will order items through cross-border e-commerce, spending US$160 million. //government regulation can be a big uncertainty.
Sun comes out on retailers in May as clothing demand spurs growth
Fine weather in May helped British retail see an unexpected growth in May. Clothing sales grew 4.3% compared to April. Overall sales were 6% higher than last May. The planned referendum on EU membership has not yet deterred shoppers. However, economists warned the retail seals growth may begin to slow as the depreciation of sterling in the second half of this year. //The prospect looks gloomy now that the pound has depreciated over 11% overnight.
Amazon is the most preferred e-commerce website for sellers in India
Amazon, Flipkart, and Snapdeal are the most preferred e-commerce websites among sellers in India according to a recent Nielsen study.
Rakuten opens online store on Kaola.comin China
Rakuten has struck a deal with Chinese internet giant NetEase to launch an online store on NetEase’s cross-border platform, Kaola.com. This strategic agreement will allow Rakuten to bring Japanese brands and goods to more than 800 million NetEase users across China. Initial product offerings will be from health, food, and cosmetics categories.
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