Tencent
JD Logistics $3bn IPO falls short of expectations
JD Logistics long anticipated initial public offering (IPO) in Hong Kong has fallen short of expectations amid Beijing’s ongoing tech crackdown.
The IPO started off strongly as shares rose up…
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Burberry launches exclusive digital skins for Chinas biggest video game
Burberry has made its latest push into the gaming industry after launching a range of new branded digital skins for China’s biggest video game “Honor of Kings”.
Honor of Kings…
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Burberry launches virtual interactive replica of its flagship Tokyo store
Burberry has created an interactive virtual replica of its flagship Tokyo store allowing shoppers to browse and buy its entire spring/summer 2021 collection.
The luxury fashion giant has launched the…
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Alibaba stocks dive as Trump threatens to blacklist company
Alibaba’s shares have dropped on both the New York and Hong Kong stock exchanges following a report that the company could be blacklisted by the Trump administration.
The Chinese retail…
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Alibaba fined £57,000 for failing to provide paperwork in latest government crackdown
Alibaba has once again fallen foul of the Chinese government and has been fined 500,000 yuan (£57,000) for failing to submit relevant paperwork during an acquisition deal.
In the government’s…
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TikTok ban wipes $75bn of Chinese tech giants including Alibaba and JD.com
TikTok and WeChat’s US ban has wiped $75 billion off the value of Chinese tech giants including Alibaba and JD.com.
Last week Donald Trump announced plans to ban Chinese social…
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Burberry launches first “social media store” in China
Burberry has launched its first ‘social media store’ in China aiming to connect shoppers’ “online life with your in-store life”.
Burberry has partnered with Chinese tech behemoth Tencent to develop…
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Tencent to launch MiniShop function in major challenge to Alibaba and JD.com
Tencent is letting retailers build virtual stores on its wildly popular WeChat platform by themselves for the first time, presenting a major challenge to Chinese ecommerce giants.
The Chinese social…
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Honda is developing world’s first in-car voice activated shopping system
Honda has partnered with Chinese tech giant Tencent to develop the world’s first in-car voice activated shopping system.
The two companies are working together on a new infotainment system that…
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As the pandemic set in across the country, restrictions brought a temporary pause to the traditional methods of shopping for groceries.
With demand for online delivery skyrocketing overnight, huge…