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