[May 17-23th] Panda Review #4 China digital news of the week
🛍️ E-commerce & Co.
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.
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.
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
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.
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.
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
🏮 A little bit of Culture
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.