From the Sector

• zwissTEX adds zwissCLEAN MASK BASIC to the zwissCLEAN® antiviral and antibacterial range

zwissTEX is adding a BASIC mask to the zwissCLEAN® range which is particularly suitable when a mask is to be worn over a longer period of time - whether for school, concerts, trade fair visits or air travel. "The special feature of our zwissCLEAN MASK BASIC is that it can be worn for up to 12 hours without any problems due to the breathable material", says Maximilian Schönfließ - Business Development Manager of zwissTEX. "With it even sleeping is possible. And unlike disposable masks it can be washed up to 10 times at 30 degrees. Disposal by type is also possible".

With zwissCLEAN® masks, zwissTEX is a pioneer among manufacturers of antiviral and antibacterial oronasal masks. Unlike conventional models they actively and highly effectively eliminate viruses and bacteria thanks to the latest textile technologies. This is made possible by an environmentally friendly finishing that foregoes the use of silver and zinc. "The formula physically interrupts the cell membrane of the viruses and bacteria - so no development of resistance is possible. In this way 99.9 percent of viruses and bacteria are eliminated within a very short time," says Schönfließ.

The zwissCLEAN MASK COMFORT is recommended for daily protection at shopping, on public transport, at business appointments or similar events. It consists of a three-layer structure and combines efficient antiviral protection with long-term wearing comfort. The outer material and the integrated fleece promote protection against viruses and bacteria. The lower material made of organic cotton guarantees a lasting pleasant feeling on the skin. The mask can be washed up to 30 times, thus replacing up to 210 disposable masks and saving resources sustainably.

The zwissCLEAN® range is being continuously expanded. "In addition to mask production we plan to manufacture antiviral and antibacterial gloves," says Schönfließ. "The test phase is already underway and we will start production of the gloves in the coming weeks.

Protective masks for Europe
With FleeceforEurope and Lindenpartner, Düsseldorf-based Kloepfel Group purchasing consultancy and Berlin-based industrial consultancy Bechinger & Heymann Holding plan to manufacture and distribute up to 50 million protection class FFP1 through FFP3 respiratory masks a month exclusively for the European market from the beginning of fall. And the primary focus will be on quality.
With protective masks – including those used in operating rooms – this quality is provided above all by  virus-absorbing nonwovens. And these will be manufactured by ‘FleeceforEurope’ using an Oerlikon Nonwoven meltblown system.
But masks effectively protecting against infections can only be guaranteed with the right quality. A crucial factor in this is the inside of the mask. Because the nonwoven used in protection class FFP1 through FFP3 respiratory masks plays a decisive role.
Here, the meltblown technology from Oerlikon Nonwoven will be deployed. In a special, patented process, the fibers laid into a nonwoven fabric during manufacture are subsequently electrostatically-charged, before the material is further processed downstream.

European market for protective masks with a promising future
Those responsible at Oerlikon Nonwoven and FleeceforEurope, which will primarily focus on producing high-end nonwovens, and Lindenpartner, which will manufacture and distribute the protective masks, are certain of one thing: the market for protective masks has a very promising long-term future in Europe.
What has been commonplace in Asia for many years now will also become normal in Europe. People will be increasingly wearing face masks when venturing out, in order to better protect themselves against health risks such as the current pandemic and also against increasing environmental pollution in the form of  fine particles and exhaust fumes in the future. A

Medical face masks from a vending machine
Mask producer Lindenpartner has already secured supplies of nonwovens and will be producing face masks for the European healthcare sector over the coming weeks. To fight the coronavirus pandemic, Lindenpartner is planning to install 100 self-service face mask vending machines in Germany over the next four weeks, positioning them in publicly-accessible places such as shopping centers and airports, for example.

In keeping with the brand’s internationalization strategy, Pinko is glad to announce an ambitious retail expansion plan in the Korean market.
The first phase of this retail project, developed in collaboration with Mitsui & Co. Italia and La Pace as local partner, saw the opening of two stores located inside two of the most important and prestigious Korean duty free shopping destinations.

The first Pinko shop in Korea opened its doors at the end of January at Seoul’s Shilla Duty Free Downtown Store, which houses the boutiques of the most prestigious global luxury brands. The inauguration of the second Pinko store in Korea was celebrated with an opening party on Feb. 20. This store is located in Seoul at the Hyundai Department Store Duty Free Dongdaemun, one of the most important Korean touristic attractions at day and night, thanks to its wide offering of merchan-dising categories, spanning from international luxury and fashion items to the highly popular Made in Korea beauty products.

Pinko’s retail expansion plan in the Korean market also includes the opening of two new stores by the end of 2020, while the company aims to operate a total of 14 boutiques, 6 inside department stores and 8 at Duty Free destinations, within three years.

• GS1 Germany bietet in seinem Experience Center eine neue Shopper Journey für den Fashionbereich an.
• Besucher können live erleben, wie digitale und analoge Realitäten des Einkaufens verschmelzen und das Shoppingverhalten der Konsumenten verändern.
• Innovative Technologien bieten neue Möglichkeiten der Kundenansprache und -bindung und erleichtern den Einkaufsprozess.

Die Konsumwelt von morgen – im Knowledge Center von GS1 Germany in Köln ist sie heute schon erlebbar. Bereits seit Mitte 2017 können sich die Besucher in der neu geschaffenen, voll digitalisierten Experience Area auf eine interaktive Shopper Journey begeben, um Trends und technologische Innovationen im Omni-Channel-Zeitalter zu erkunden. Jetzt hat GS1 Germany seinen visionären Erlebnis-Parcours um eine digital durchgestylte Fashion-Shoppingtour erweitert. „Die technologischen Möglichkeiten entwickeln sich rasant und dies wird das Einkaufsverhalten der Konsumenten auch in der Fashionbranche signifikant verändern“, sagt Ines Aust Senior Manager Fashion bei GS1 Germany. „Wir möchten den Fachhandel und die Modemarken bei ihrer digitalen Transformation bestmöglich unterstützen. In unserer neuen modespezifischen Shopper Journey können sie kanalübergreifende, nahtlose Einkaufsprozesse erleben und sehr anschaulich erfahren, mit welchen GS1 Standards und innovativen Technologien sie den veränderten Bedürfnissen der Shopper gerecht werden können.“

Shopper Journey der Zukunft: Fashion auf allen Kanälen
Startpunkt der neu konzipierten Fashion Shopper Journey ist die „Home Base“, ein stilisiertes Wohnzimmer, in dem moderne Verbraucher typischerweise ihre Einkaufstour starten: Gemütlich auf der Couch sitzend lassen sie sich zunächst über Social Media Plattformen und Fashion-Blogs inspirieren. Hier treffen die Besucher auf ihre virtuellen Begleiter, die Shopping-Avatare Julia und Michael, und erleben wie die beiden sich per Click & Reserve angesagte Trendartikel, die ihnen Influencer empfehlen, sichern. Auf dem Weg zum „Fashion Store“ entdecken sie per digitaler Außenwerbung an der Bushaltestelle passende Sneaker und trendige High-Heels zu ihren bereits reservierten Outfits. Sie können sie per QR Code scannen und sich reservieren lassen. Im Store angekommen, werden beide aufgrund ihrer hinterlegten Kaufdaten erkannt – der digitale Self-Check-In macht´s möglich. Bei Anprobe und Komplettierung des neuen Looks helfen smarte Innovationen wie die „Intelligente Umkleidekabine“ oder der „Magic Mirror“: Der Spiegel zeigt weitere passende Artikel an, die der Kunde per Touchscreen bestellen und sich von seiner Lieblingsberaterin direkt in die Umkleidekabine bringen lassen kann. Bezahlt wird automatisch – mit einer RFID-basierten, mobilen Self-Checkout-Lösung werden die Beträge beim Verlassen des Stores abgebucht und die RFID-Sicherheitsetiketten entsichert.
Der neue Rundgang macht auf Schritt und Tritt deutlich: In Zukunft verschmelzen die digitale und analoge Realität des Einkaufens mehr und mehr, sämtliche Prozesse sind vernetzt und zunehmend von künstlicher Intelligenz unterstützt. Handels- und Industrieunternehmen der Fashionbranche, die ihre Angebote auf Augenhöhe mit den Shoppern weiterentwickeln und im Omni-Channel-Wettbewerb bestehen wollen, erhalten in der Shopper Experience von GS1 Germany wichtige Impulse für den Einsatz neuer Tools und Technologien.

JD.com, Inc., China’s leading technology-driven e-commerce company, and Google, announced today that Google will invest $550 million in cash in JD.com as part of a strategic partnership.

Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe. By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering helpful, personalized and frictionless shopping experiences. JD also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.

“This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world,” said JD.com’s Chief Strategy Officer Jianwen Liao. “This marks an important step in the process of modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”

"We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful, personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want,” said Google Chief Business Officer Philipp Schindler.

Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per share, equivalent to $40.58 per ADS, based on the volume-weighted average trading price over the prior 10 trading days.

Beijing - Tencent Holdings Limited (“Tencent”) (00700.HK), JD.com, Inc. (“JD.com”) (NASDAQ:JD), and Vipshop Holdings Limited (“Vipshop”) (NYSE:VIPS), today jointly announced that Tencent, a leading provider of internet value-added services in China, and JD.com, China’s largest retailer, have entered into definitive agreements with Vipshop, a leading online discount retailer for brands in China, such that Tencent and JD.com will invest an aggregate amount of approximately US$863 million in cash in Vipshop at the closing of the transaction.

Pursuant to the share subscription agreement, Tencent and JD.com will subscribe for newly issued Class A ordinary shares of Vipshop in the amount of approximately US$604 million and approximately US$259 million, respectively. The purchase price will be US$65.40 per Class A ordinary share, which is equivalent to US$13.08 per American Depositary Share (“ADS”) of Vipshop, five of which represent one Class A ordinary share. The purchase price represents a 55% premium over the closing price of the ADSs as of the last trading day on December 15, 2017.

The transaction is expected to close in the near future, subject to customary closing conditions.  Upon the closing, Tencent and JD.com will beneficially own, taking into account any existing holding, approximately 7% and 5.5%, respectively, of Vipshop’s total issued shares. The Class A ordinary shares issued to Tencent and JD.com will be subject to a two-year lock up restriction. Tencent and JD.com will have the right to appoint a director and an observer, respectively, to Vipshop’s board of directors during the two-year lockup period. After the end of the lock-up period, for so long as Tencent and JD.com hold approximately 12% and 8%, respectively, of Vipshop’s total issued shares, or otherwise by mutual agreement with Vipshop, they will maintain director and board observer rights.

Concurrently with the entry of the share subscription agreement, Tencent and JD.com have entered into business cooperation agreements with Vipshop, effective upon closing, establishing a cooperative relationship among Tencent, JD.com and Vipshop. Under these agreements, Tencent will grant Vipshop an entry on the interface of Weixin Wallet enabling Vipshop to utilize traffic from Tencent’s Weixin platform, and JD.com will grant Vipshop entries on both the main page of JD.com’s mobile application and the main page of its Weixin Discovery shopping entry, and will assist Vipshop in achieving certain GMV targets through JD.com’s platform.   

“I am truly delighted about Vipshop's new strategic cooperation relationships with Tencent and JD.com,” said Mr. Eric Ya Shen, Vipshop’s Co-founder, Chairman of the Board of Directors and Chief Executive Officer. “This undoubtedly is an important event for Vipshop as well as China's e-commerce and internet industries. We, together with Tencent and JD.com, will leverage our respective strengths to form a strategic cooperative alliance aiming to achieve a deep, win-win cooperation and to benefit internet users and consumers. We will develop a holistic cooperation with Tencent on the Weixin platform and expand our strategic alliance with Tencent into more and broader areas.  We will explore win-win opportunities in multiple areas with JD.com, including establishing a strategic alliance in collaboration with brand suppliers, and an on-line traffic alliance. We will continue to operate as an independent e-commerce platform and further deepen and enhance our leading e-commerce capabilities in fashion (including apparel, shoes, bags and accessories) and cosmetics categories as well as our strong female user base, thereby offering higher value and better user experience to our customers.”

“The strength of Vipshop’s flash sale and apparel businesses, as well as its outstanding management team, create clear and strong synergies with us,” said Richard Liu, Chairman and CEO of JD.com. “This partnership will further extend the strong inroads that we have made with female shoppers, and will expand the breadth and reach of our fashion business. We continue to add the top-notch partners to complement JD.com’s core strengths, ensuring that JD and our partners provide the best customer experience for every shopping need.”

Martin Lau, President of Tencent Holdings, said, “We are pleased to become strategic investor in and partner with Vipshop. We look forward to providing Vipshop with our audiences, marketing solutions, and payment support to help the company provide branded apparel and other product categories to China’s rising middle class. We already see substantial demand from our users to discover, discuss and purchase branded apparel in our applications, and we believe that connecting our users more deeply to products on Vipshop’s platform will enrich their online experiences while benefiting Vipshop. We are proud of the role our resources such as marketing technology, payments handling, and machine learning play in facilitating a healthy and diverse retail ecosystem, online and offline.” 

About JD.com, Inc.

JD.com is both the largest e-commerce company in China, and the largest Chinese retailer, by revenue. The company strives to offer consumers the best online shopping experience. Through its user-friendly website, native mobile apps, and WeChat and Mobile QQ entry points, JD offers consumers a superior shopping experience. The company has the largest fulfillment infrastructure of any e-commerce company in China. As of September 30, 2017, JD.com operated 7 fulfillment centers and 405 warehouses covering 2,830 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100 and a Fortune Global 500 company.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit www.vip.com.

About Tencent Holdings Limited

Tencent uses technology to enrich the lives of Internet users. Our social products Weixin and QQ link our users to a rich digital content catalogue including games, video, music and books. Our proprietary targeting technology helps advertisers reach out to hundreds of millions of consumers in China. Our infrastructure services including payment, security, cloud and artificial intelligence create differentiated offerings and support our partners’ business growth. Tencent invests heavily in people and innovation, enabling us to evolve with the Internet. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.hk) are traded on the Main Board of the Stock Exchange of Hong Kong.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, statements regarding the expected closing of the transactions and the quotations from management in this announcement are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to, those included in JD.com’s and Vipshop’s filings with the SEC and in Tencent’s filings with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and none of Tencent, JD.com or Vipshop undertake any duty to update such information, except as required under applicable law.