Offline shopping still accounted for more than 80 per cent of China’s 36 trillion yuan retail market last year. Photo: AP Offline shopping still accounted for more than 80 per cent of China’s 36 trillion yuan retail market last year. Photo: AP
Offline shopping still accounted for more than 80 per cent of China’s 36 trillion yuan retail market last year. Photo: AP
Retailing
Business /  Companies

Tencent teams up with ParknShop, Yonghui Superstores in latest bid to shake up China’s bricks-and-mortar retail market

  • Three companies have formed joint-venture called ParknShop Yonghui, valued at 1.2 billion yuan (US$170 million)

Topic |   Retailing
Yujing Liu
Yujing Liu

Updated: 8:11pm, 25 Oct, 2018

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Offline shopping still accounted for more than 80 per cent of China’s 36 trillion yuan retail market last year. Photo: AP Offline shopping still accounted for more than 80 per cent of China’s 36 trillion yuan retail market last year. Photo: AP
Offline shopping still accounted for more than 80 per cent of China’s 36 trillion yuan retail market last year. Photo: AP
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