Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
(AP) Alibaba plans to spin-off of its cloud computing business and said Thursday that its logistics and grocery units will explore initial public
(AP) Alibaba plans to spin-off of its cloud computing business and said Thursday that its logistics and grocery units will explore initial public
Meituan, a leading technology-driven retail company in China, today announced the audited consolidated results of the Company for the year ended
(China Daily) Twenty companies headquartered in Guangdong province were listed in the Hurun China Pre-Cooked Food Companies 2023 catalog, which was
(China Daily) Walmart China's strong fourth-quarter growth, propelled by its high-end membership store Sam's Club and e-commerce services, serves as
(China Daily) Carrefour China, part of retail corp Suning.com, has introduced strategic investment from a government-backed capital platform to
(Xinhua) Chen Jia doesn't often cook, but she still managed to prepare a hearty meal on Chinese New Year's Eve for her family without ordering any
(China Daily) The upcoming Spring Festival is expected to stimulate a consumption boom after the optimized COVID-19 measures in different parts of
(WSJ) Kroger Co. said it is buying rival Albertsons Cos. in a deal that values the company at $24.6 billion, one of the biggest deals in the history
(China Daily) Chinese consumers have shown an increasing appetite for ready-to-cook dishes as the stay-at-home economy has not only changed people's
(Reuters) Alibaba's supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation
(China Daily) Ready-to-cook dishes have gained huge popularity among Chinese consumers as the COVID-19 pandemic rages on and the digital economy
(WSJ) Walmart Inc. opened its first store in China in 1996, a sprawling supercenter in the Hong Kong border city of Shenzhen. It has been working to
(China Daily) Ready-to-cook dinners are gaining popularity among China's younger consumers as "stay-at-home economy" has not only changed
(China Daily) COVID-19 restrictions mean dining at restaurants has become a distant memory for some cities in China. Diners are eager to buy
(Reuters) Alibaba's supermarket chain Freshippo said on Sunday it was adding more couriers to meet high demand in Shanghai but this was not yet