Better Life news

JD.com and Tencent have again teamed up to purchase a stake in Chinese retail chain Better Life, extending their offline retail presence in China. The deal Tencent, which operates China’s most popular social media platform, WeChat, is buying a 6% stake in Shenzhen-listed Better Life Commercial Chain Share Co. for CNY887m (US$140m). Meanwhile, JD.com, China’s second-largest e-commerce compan...

Chinese retailer Better Life forms partnerships with book etailer Dangdang, driving online and offline synergies for both businesses. Alliance to expand online offer and drive store footfall Hunan based retailer Better Life will offer products from Dangdang’s site in its network of 452 stores, likely to be delivered through an online collection pick up service. With over 10m subscribers...

Chinese retailer Better Life has announced its plans to expand its e-commerce platform yunhou.com, open 33 more stores and invest more on building shopping centres. Further develop the e-commerce platform Since starting the e-commerce business in 2013, Better Life has been putting more effort on building it into an online-to-offline local service platform. The platform targets to generate a...

So the dust has settled as Alibaba set another record of online sales in one day. On Alibaba’s platforms alone: 57.1 bn RMB (US$9.3 bn) in gross merchandise volume was sold 278 million orders were received 217 countries and regions joined in the shopping spree Source: Alibaba An opportunity for everyone Though Alibaba has been the main driver of the shopping festival, other...

During the 'Golden Week' national holiday, which ran from Oct 1-7, is one of the most important holiday for the retail industry in China when millions of people travel in and out of the country and reunite with family and friends. The retail performance during this time is often considered as indication of the world's second-largest economy. This year, the growth in China's retail sales during t...

Better Life plans to expand further in the Southwest region- investing RMB 1bn (USD 161mn) to build a distribution center in Sichuan province-after spending RMB 1.576 bn (USD 253mn)  acquiring 100% of Guangxi Nancheng Department Store earlier this year. Opening plans in Sichuan Better Life has opened 5 hypermarkets in Sichuan in 2014 and is planning to open 3 more this year. It also has an ag...

Better Life (BuBuGao), leading multi-format retailer in Hunan province, reported revenue of RMB 3.67bn (USD 0.6bn) in Q1 2014, up 16% year-on-year. Revenue from hypermarket and supermarket formats, which accounted for more than 50% of the group's revenue, rose by 16%. Like-for-like sales rose by 6%. Better Life opened 3 new hypermarkets during the quarter and plans to open 30 hypermarkets and s...