Portal Berita Ekonomi Jum'at, 19 April 2019

Perspektif Baru Bisnis & Ekonomi

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Executive Brief
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Alibaba Group and Fung Retailing Form Strategic Partnership

Alibaba Group and Fung Retailing Form Strategic Partnership - Warta Ekonomi
WE Online, Jakarta -

Fung Retailing Limited and Alibaba Group Holding Limited announced a strategic partnership to bring more international lifestyle brands to mainland China.

This collaboration aims to meet the increasing demand of Chinese consumers, building on the strengths of both parties in online and offline retailing. At the same time, it will better serve global brands by leveraging Fung Retailing's global portfolio of brands, offline retail channels and marketing know-how, as well as Alibaba's ecosystem, digital retail leadership, technology, and consumer insights from Alibaba's over 600 million users.

That will help global brands tailor their product development and marketing strategies to meet the ever-changing needs of Chinese consumers. The brands can also draw on Alibaba's new retail channels, including Tmall and Intime, as well as Fung Retailing's offline stores, thereby reducing costs, risks, and the time traditionally associated with entering the China market.

Under the MOU, both companies will join forces in global brand recruitment and offer brands merchandising, marketing and omnichannel distribution services. This collaboration will focus on the mainland China market as a first step, and potentially expand to other regions riding on Alibaba's platforms.

Speaking during the signing ceremony at the CIIE in Shanghai, Alibaba Chief Executive Officer Daniel Zhang said, "It is an honor to kick off full-scale strategic cooperation with Fung Retailing at the historic China International Import Expo. We endeavor to help global brands expand their foothold in the China market by fully integrating Alibaba's strong capabilities in New Retail, big data and technology with Fung Retailing's unparalleled advantageous in brand and supply chain resources. We believe this partnership represents the beginning of a new chapter for New Retail."

Fung Retailing Ltd. Group Managing Director Sabrina Fung said retail is changing exponentially, so it's important to stay ahead of the curve, which this agreement allows it to do.

"Through this exciting strategic partnership with Alibaba, we will help customers navigate the full Chinese retail economy and reach China's 1.4 billion consumers more easily. In this evolving retail landscape, and faced with changing consumer behavior and disruptive retail technologies, we are focused on developing new ways to do business," said Fung.

Tag: Alibaba Group Holding Limited

Penulis/Editor: Cahyo Prayogo

Foto: Alibaba Group

Kurs Rupiah

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China Yuan CNY 1.00 2,105.18 2,084.26
Dolar Amerika Serikat USD 1.00 14,086.00 13,946.00
Dolar Australia AUD 1.00 10,113.75 10,011.83
Dolar Hong Kong HKD 1.00 1,795.40 1,777.49
Dolar Singapura SGD 1.00 10,408.63 10,303.66
EURO Spot Rate EUR 1.00 15,908.73 15,749.22
Ringgit Malaysia MYR 1.00 3,399.95 3,362.91
Yen Jepang JPY 100.00 12,583.53 12,455.12

Ringkasan BEI

No Name Today Change Stock
1 Composite Index 6507.221 25.680 632
2 Agriculture 1488.400 -0.956 21
3 Mining 1783.288 -3.538 47
4 Basic Industry and Chemicals 848.126 -1.627 71
5 Miscellanous Industry 1355.756 16.130 46
6 Consumer Goods 2546.270 -36.045 52
7 Cons., Property & Real Estate 498.429 6.710 75
8 Infrastruc., Utility & Trans. 1164.446 9.331 73
9 Finance 1310.375 20.186 91
10 Trade & Service 811.400 -3.387 156
No Code Prev Close Change %
1 HRME 300 374 74 24.67
2 SAPX 555 690 135 24.32
3 APEX 645 790 145 22.48
4 CNTX 414 496 82 19.81
5 MIDI 1,020 1,200 180 17.65
6 INPP 675 790 115 17.04
7 BBLD 484 565 81 16.74
8 KICI 284 330 46 16.20
9 SSIA 570 660 90 15.79
10 GHON 1,325 1,525 200 15.09
No Code Prev Close Change %
1 INRU 720 600 -120 -16.67
2 TMPO 208 180 -28 -13.46
3 MLPT 1,340 1,200 -140 -10.45
4 KOIN 226 204 -22 -9.73
5 SIPD 800 725 -75 -9.38
6 TPMA 278 252 -26 -9.35
7 TRIO 177 161 -16 -9.04
8 JSKY 1,300 1,185 -115 -8.85
9 BDMN 9,425 8,600 -825 -8.75
10 ABMM 2,200 2,010 -190 -8.64
No Code Prev Close Change %
1 BBRI 4,340 4,460 120 2.76
2 BBCA 27,475 28,125 650 2.37
3 CPRI 167 177 10 5.99
4 WSKT 2,110 2,160 50 2.37
5 BMRI 7,625 7,800 175 2.30
6 ABBA 178 163 -15 -8.43
7 BGTG 83 82 -1 -1.20
8 UNTR 26,425 26,075 -350 -1.32
9 WIKA 2,330 2,420 90 3.86
10 TLKM 3,870 3,860 -10 -0.26