ASX-Dividend-Report-Banner

Xinhua Silk Road: Bailian Group plays crucial role in Shanghai's consumer market development

September 23, 2023 02:35 AM AEST | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Xinhua Silk Road: Bailian Group plays crucial role in Shanghai's consumer market development
Image source: Kalkine Media

BEIJING, Sept. 23, 2023 /PRNewswire/ -- China's retailer giant, Shanghai Bailian (Group) Co., Ltd. has broadened its market presence through enhancing the commercial landmarks influence, optimizing consumer goods supply, and innovating business models.


In July 2021, Shanghai was selected as one of the first batch of international consumption center cities. As a commercial giant in Shanghai, Bailian Group has seized this strategic opportunity and made positive and quick respond. The company conducted deep engagement with May 5 Shopping Festivals, witnessing sales rising year by year.

It is learned that the shopping festival in 2023 coincided with the 20th anniversary of the establishment of Bailian Group, the group invested a total of about 2 billion yuan in sales promotion resources during the festival.

In response to Shanghai's creation of new consumption spaces, Bailian Group actively promotes the transformation and upgrading of commercial entities, building two international consumption agglomeration areas in east and west of Shanghai.

In terms of new consumption landmarks construction, Bailian has made efforts from the commodity service side, integrating business with culture, art, tourism, sports, and exhibition, etc., thus creating characteristic small landmarks. For example, Bailian Group has cooperated with Shanghai Natural History Museum, combined with Guochao culture and through self-developed products, the two parties incubated a series of boutique stores.

Starting from this year, emporiums under Bailian Group have provided carriers for the debuts, exhibitions of well-known brands at home and abroad. A series of original marketing activities such as "Bailian Night" and "Sustainable Living Festival" and live broadcast sessions have been launched one after another, which continuously ignite consumer enthusiasm.

Bailian Group believes that consumption is a mirror that reflects the economic and social development of a city. In the background of digital transformation in Shanghai, the group opened up three major channels of online, mobile and offline, and reconstructed its business model emphasizing core elements of goods quality, shopping experience, and supply chain, thus building a brand new future-oriented digital business body.

Forging an international consumption center city is a strategic mission of Shanghai in China's "dual circulation" development, as well as a development opportunity for commercial enterprises in Shanghai. Represented by Bailian Group, with joint efforts of more commercial enterprises and entities, Shanghai's international consumption center city construction is becoming increasingly attractive to the world and injecting stronger impetus into regional development. 

Original link: https://en.imsilkroad.com/p/336240.html

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.