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

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

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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
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Yujing Liu

Yujing Liu

Yujing Liu is a business reporter with a passion for understanding and explaining the fascinating complexities of China’s economy and society. Originally from Beijing, she joined the Post in 2017 after graduating from the University of Hong Kong with a degree in politics and journalism.