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[May 17-23th] Panda Review #4 China digital news of the week 

 

🛍️ E-commerce & Co.

JD Logistics
TECHNODE – May 19, 2021  

JD Logistics IPO, Tencent and Alibaba new offerings: Retailheads

The logistics branch of e-commerce giant JD.com is aiming to raise $3.4 billion with its Hong Kong debut next week. JD’s delivery service differentiates itself from Alibaba’s Cainiao by keeping everything in-house, running its own warehouses and staff instead of outsourcing operations to third parties. 90% of JD orders are delivered within one day.

Chinese brands
GLOBAL TIMES – May 20, 2021  

Chinese brands popular on e-commerce platforms as shopping festival approaches

“Upgrading and expanding the domestic market to attract consumption from overseas back to China is the biggest trend for this year’s 618 shopping festival,” Ling Chenkai, vice president of JD.com. Chinese domestic brands will take some market share from international brands in the long-term, but the proportion is hard to predict, Shen said.

Richemont

THEFASHIONLAW – May 21, 2021  

Richemont Beats Analyst Expectations, as Jewelry, China’s Rebound and E-Commerce Boost Sales

To date, Richmont says that its “partnership with Alibaba has led to 11 flagship stores being operational on Alibaba Tmall Luxury Pavilion: Cartier, Van Cleef & Arpels; IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget and Vacheron Constantin; NET-A-PORTER; Chloé, dunhill and Montblanc.”

🤳 Digital Marketing, KOL 

huiju influence

CIW – May 19, 2021  

WeChat’s new social e-commerce platform integrates Shopping Accounts

WeChat launched another product “Shopping Accounts” to its ecosystem in addition to Official Accounts, Mini Program, and Video Accounts, called Tencent Huiju Mini Program.

Freen china
JING DAILY – May 24, 2021  

How Luxury Brands Can Earn Green By Going Green In China

The importance of sustainability has grown exponentially. Today, most brands have launched sustainability initiatives: Hermès is experimenting with mushroom leathers. Gucci uses recycled packaging. Lamborghini recently pledged to transform all cars into hybrids.

Icicle chinese brand
JING DAILY – May 20, 2021  

Why ‘Invisible Luxury’ Is China’s Latest Trend

ICICLE, one of China’s largest eco-friendly brands, uses natural materials such as Japanese organic cotton and cruelty-free Chinese heavy silk. Modern consumers are more educated and better equipped to make informed purchases. They also have more choices for making an educated decision.

👀 New Technologies

Bytedance
THE FINANCE INFO – May 22, 2021  

ByteDance staff and investors shocked as founder steps back

Zhang Yiming said he first discussed stepping down as chief executive of ByteDance “with a small group” in March, but investors in the $200bn start-up said they were caught by surprise.

🏮 A little bit of Culture

Festival Club china 1

RADII – May 23, 2021

This Festival on the Beach is Redefining How to Experience Club Music in China

Zhao Dai, a relatively new nightclub based in Beijing, held their first-ever music festival on the beaches of Aranya. The club has quickly asserted itself as one of the top venues for electronic music in the country, becoming a main stop on the tour circuit for China-based musicians.

Jack Ma
BLOOMBERG – May 23, 2021

Jack Ma to Step Down as President of Academy He Founded

Hupan University, a training program for executives and entrepreneurs located in Hangzhou, Ma’s hometown, had recently changed its name to Hupan Innovation Center, dropping the word “university”