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The China Edit | Wanda, Retail Expansion, Alibaba

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Dalian Wanda Group chairman Wang Jianlin | Source: Wikimedia Commons
By
  • Kate Abnett

"Wanda Ecommerce Venture Valued at $3bn(The Financial Times)
"Two investment funds have taken a 5 per cent stake in Dalian Wanda Group's ecommerce unit, valuing the four-month-old joint venture with two of China's internet giants at Rmb20bn ($3bn), according to the Chinese property conglomerate."

"Growth of China's Middle Class to Fuel Retail Expansion" (Retail Gazette)
"The country's rapidly growing middle class is set to propel significant retail expansion over the next 10 years."

"Jack Ma Warns of Risks for Alibaba after Big Success in 2014(Live Mint)
"Ma, the executive chairman of the Alibaba group, said the company faced more pressures due to the limelight it received by winning the biggest IPO at NYSE."

China Approves Three New Foreign Courier Firms (Reuters)
“Express parcel delivery is booming in China, thanks to a surge in e-commerce. The Chinese market, however, is highly fragmented and competition is stiff.”
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