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Pepkor appears to have been a net beneficiary of Covid-19 as consumers continue to shop down while strong demand for electronics and furniture has made up for softer growth in apparel after the school year got off to a later start due to the second wave of the pandemic.  The retail group, which is majority-owned by Steinhoff International, expects to report a decent rise in first-half earnings as South Africans kitted out home offices and studies so they could continue to work and study from home. According to data from Retailers’ Liaison Committee, it has gained market share in nearly all...

Total0 Didi Chuxing raised US$1.6 billion before IPO, according to media reports. JD.com and Uxin make interconnection in full chain service JD Group announced the launch of strategic cooperation with Chinese used car platform Uxin at the JD headquarters. The two parties will make comprehensive and in-depth interconnection in data, technology, used car testing standards and supply chain to optimize the used car trading environment and open a new era of digitalized used car retail. Tsinghua University established the School of Integrated Circuits to solve the shortage of chip talents Today, th...

Beijing organizes ceremony to connect ASEAN fruit importers with Guangxi fruit suppliers The 2021 Chongzuo City Agricultural Products and ASEAN Import Fruit (Beijing) Production and Retail Summit took place in the Guangxi Tower in Beijing on the 12th of April, 2021. The summit welcomed government officials from 17 provinces stationed in Beijing as well as relevant municipal officials from Guangxi and Chongzuo city, and spokespeople for JD Group, and Xinfadi Market. There were more than 200 people present at the summit. Contracts were signed at the summit with an estimated value of 10 million ...

Total3 Pony.ai has gotten the road test licenses for Beijing Intelligent Connected Vehicle Policy Pilot Zone Chinese autonomous driving firm Pony.ai has obtained the autonomous driving road test licenses in Beijing’s Intelligent Connected Vehicle Policy Pilot Zone. Self-driving vehicles equipped with Pony Alpha X, the latest generation system of Pony.ai, will be allowed to conduct public road tests within the zone. The zone includes the planned area of 225 square kilometers, 6 highways and urban expressways with a total length of 143 kilometers surrounding Etown. Guoxiong Capital establishe...

Much-needed online shopping competitor launched  The Competition Commission is worried about fair competition in the online shopping market, but Everyshop could shake things up. Everyshop will offer an extensive product range including electronics, appliances, furniture, fashion, beauty, fitness and DIY. Image: iStock   The first real Takealot competitor, Everyshop, was officially launched last we...