Tag: Billion

Tencent bets China’s shopping malls can be fashionable again as it leads $5.4 billion Wanda deal

China’s top think tank predicted in 2016 that one in three of the country’s estimated 4,000 shopping malls would close within five years as consumer spending shifted online and millennials prefer swiping through websites than ruffling through clothes racks. Tencent Holdings, together with JD.com, Suning Commerce and Sunac China, is out to prove the forecast wrong, …

Chinese online retailer JD.com raises US$2.5 billion for logistics arm in latest round of funding

JD.com announced on Wednesday that it has raised US$2.5 billion in the latest funding round for its subsidiary JD Logistics and it comes at a time when China’s second largest online retailer is looking to build its logistics network and expand globally. “This financing will enable JD Logistics to further enhance its smart supply chain network …

Has Netflix Killed The Billion Dollar Movie?

20th Century Fox Netflix rarely releases viewing data, but its four-film partnership with Adam Sandler has apparently been beneficial for both parties. The streaming service claims “users have spent 500 million hours over 17 months” watching Sandler’s films, including The Ridiculous 6 and Sandy Wexler, and Sandler is making four more movies for Netflix. He’s not …