China e-commerce giants court luxury retailers with delivery
Beijing
IN China, legions of delivery personnel power the world's largest e-commerce boom. Known for their careening three-wheeled carts, they terrorise pedestrians and sometimes dump their packages on doorsteps and desks with the delicacy of a restaurant employee tossing out yesterday's leftovers.
Then there is Tang Hongliang, who is part of an ambitious effort to bring some sparkle to the business - and perhaps help revive the fortunes of the world's makers of high-priced handbags and watches.
Decked out in a black suit, dark grey tie and white gloves, Mr Tang does not look like a typical Chinese package courier. Instead of piping hot noodle lunches, he delivers a US$2,400…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
Japan’s Uniqlo opens Rome store as part of European expansion