Dangdang’s latest tie-up with Yhd.com shows it has no interest in finding a true strategic partner, setting it up to fail or become marginalized if it tries to remain independent.
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Dangdang’s latest tie-up with Yhd.com shows it has no interest in finding a true strategic partner, setting it up to fail or become marginalized if it tries to remain independent.
Tencent is likely to buy 6 percent of JD.com when the pair announce a strategic tie-up, while Yihaodian could make a larger investment in Dangdang in their new partnership.
Wanda Group’s entry to e-commerce will add further competition to the space, while Yihaodian’s move into Shanghai’s new FTZ looks like a smart move to boost its international connections.
New initiatives by Alibaba and Yihaodian reflect continuing hyper competition in the e-commerce sector, with no easing likely for at least the next 2 years.
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Virtual reality stores turn open spaces into a supermarket
Yihaodian is launching augmented reality stores, which give customers the impression of a physical store while they browse on their smartphones.
Click here to find out more.
Chinese e-commerce giant will make use of blank city spaces around the country and utilize augmented reality technology to allow customers to shop virtually and have goods home-delivered.