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LVMH’s Sephora picks JD.com for China online store, says fakes a concern

May 13, 2015 admin 174-physical, combined-2-53, facebook, global-firm, hennessy, social-networks, wanda-group, wednesday

Global beauty retailer Sephora, part of French luxury goods group LVMH Moet Hennessy Louis Vuitton SE, launched its first online store in China on shopping platform JD.com Inc, the latest global firm to tap into China’s booming e-commerce market. The cosmetics chain, which has 174 physical stores in mainland China, said on Wednesday it had chosen JD.com partly due to its focus on fighting counterfeit goods, an issue that has plagued China’s online retail market including sector leader Alibaba Group Holding Ltd

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WeChat is Tencent’s ace in China’s online entertainment race

May 12, 2015 admin chinese, combined-2-53, details-on-its, facebook, give-specific, hollywood, million-monthly, music-content, social-networks, tencent, wanda-group

By Paul Carsten and Lisa Richwine BEIJING/LOS ANGELES (Reuters) – In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card. The wildly popular app allows Tencent to channel 500 million monthly active users to its entertainment services, a huge consumer base for subscriptions or marketing – pay dirt for media and advertising partners.