GOME Retail on Monday released its unaudited interim results for the six-month period ended Jun. 30, 2020, showing its parent company experienced a loss of 2.623 billion yuan for the period.
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
The fast rising Chinese retailer Pinduoduo (PDD) has made it to this year’s Brandz Retail Top 20 list for the first time, as well as the brand database’s annual Top 100 Most Valuable Global Brands.
American retail giant Costco is deepening its foothold in the Chinese market with the opening of its first store in Minhang, Shanghai.
Small players’ dreams are nothing compared to the strategic needs of giants: the fiercely competitive market has no tolerance. It’s only a matter of time before those players will be driven out.